The RAM Companies Leases 96 High St Warehouse In North Billerica For 92000 Sq Ft

The RAM Companies, based in Scarborough, ME, has purchased a steel-framed warehouse located at 96 High St, Billerica, MA, within the North Billerica market. The transaction was valued at $14.5 million and involves a property encompassing 92,000 square feet. The warehouse, originally constructed in 1985 with an addition built in 1992, sits on an expansive 18 acres and features clear heights ranging from 28 feet to 45 feet, along with 10 loading docks and sufficient parking facilities.

Summary of transation details:

• Property Type: Warehouse
• Transaction Amount: $14.5 million
• Address: 96 High St, Billerica, MA, 01862
• Market: North Billerica
• Landlord: The RAM Companies
• Landlord's Representative: Mark Campbell - The RAM Companies
• Seller: Iron Mountain
• Buyer Representative: Michael Restivo - JLL
• Buyer Representative: Lenny Pierce - JLL
• Square Feet: 92,000
• Site Area: 18 acres
• Clear Heights: 28 to 45 feet
• Loading Docks: 10

In this transaction, Mark Campbell represented The RAM Companies, while the seller, Iron Mountain, was represented by Michael Restivo and Lenny Pierce from JLL. The leaseback agreement allows Iron Mountain to continue operating from the facility for six years after the purchase by The RAM Companies.