August 2008

  • Aug
    18

Naple Daily News / Southeast Florida Business Briefs

August 18, 2008

Naple Daily News / Southeast Florida Business Briefs
August 18, 2008
New Businesses

LA Fitness has opened a location at its Spring Plaza property, at the southeast corner of U.S. 41 and Bonita Beach Road in Bonita Springs. LA Fitness is an anchor tenant occupying 45,000 square feet of newly constructed space at Spring Plaza, a 199,992-square-foot shopping center.

Founded in 1978, Palm Beach Gardens-based Ram is an affiliated group of companies comprised of Ram Development Co., a leader in retail, residential and mixed-use development and acquisition, and Ram Realty Services, a provider of residential and retail management and leasing services. Address: 8951 Bonita Beach Road, Bonita Springs.

  • Aug
    16

Ram Sells Texas Property for $3M

August 16, 2008

Ram Sells Texas Property for $3M
August 16, 2008
Florida Real Estate Journal – In Brief

Palm Beach Gardens – Ram recently completed the sale of a property in Texas. The former 12,383sf Home Depot Landscape Supply Center with an outdoor landscape area of approximately 25,890sf was sold to North Texas Acquisition LLC of Fort Worth for $3.4 million.

Casey Cummings, president of Ram, and Mike Stevens of Steveco Commercial Real Estate Group LLC handled the transaction. The sale of this property was part of a portfolio of 11 similar sites acquired earlier this year.

The property is at 5301 S. Cooper St., Arlington, Texas.

  • Aug
    11

Two Local Developers Make Donation to Support Expansion of Library in Palm City, Fla.

August 11, 2008

Two Local Developers Make Donation to Support Expansion of Library in Palm City, Fla.
August 11, 2008

FOR IMMEDIATE RELEASE
CONTACT:
Marichelli Heredia
Thorp & Company
(305) 446-2700
mheredia@thorpco.com

Palm Beach Gardens, Fla., August 11, 2008 – Ram, a leader in real estate development and acquisitions, today announced that its Chairman and CEO, Peter Cummings, and his wife, Julie Cummings, donated $150,000 to support the expansion of the library that bears their name – the Peter and Julie Cummings Library in Palm City, Fla. In addition, Regency Centers, a well-respected business with substantial interest in Martin County, also donated $50,000 to the library’s expansion.

The Cummings donated the land to the Library Foundation of Martin County in 1980, which built the library in 1995. The donations will be used to fund the planned expansion of the library, which will include a second story addition, a reading area for adults and a gathering area for teens. Construction of the children’s and youth wing began in April 2008 and will be completed in April 2009.

“We’re big advocates of education, and we wanted to support a cause that would have a positive impact and enhance the lifelong learning of our community members,” said Cummings. “This library not only serves as a resource center, but it is also a place where members of the community can gather and discuss civic and cultural activities that are important to them.”

“Being good stewards of the communities where we invest in is at the core of who we are,” said Mike Kinsella, CEO of Regency Centers. “We’re proud to support a resource facility that meets the needs of citizens of all ages.”

About Ram
Founded in 1978, Palm Beach Gardens, Florida-based Ram is an affiliated group of companies comprised of Ram Development Company, a leader in retail, residential and mixed-use development and acquisition, and Ram Realty Services, a provider of residential and retail management and leasing services. In addition to the Palm Beach Gardens office, Ram has offices in Fort Lauderdale and Tampa, Fla., Raleigh, N.C., and Atlanta, Ga. Currently, the company manages approximately 2.5 million square feet of retail property and 3,000 apartments and is active in Florida, North Carolina and Georgia. Ram is committed to making places that are socially responsible, economically vibrant and environmentally sustainable. For more information, visit www.ramrealestate.com.

About Regency Centers
Regency is the leading national owner, operator, and developer of grocery-anchored and community shopping centers. At March 31, 2008, the company owned 450 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 60 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 189 shopping centers, including those currently in-process, representing an investment at completion of nearly $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.

About The Library Foundation of Martin County
The Library Foundation of Martin County provides funding from individuals and other private parties to provide free programs for children and adults and construction grants for the expansion and the building of libraries. Membership in the Foundation is $35 for an individual and $50 for a family. For further details, please contact the Foundation office at 772-221-1409 or visit the Web site at www.libraryfoundationmc.org.

  • Aug
    11

LA Fitness Opens at Ram’s Spring Plaza in Bonita Springs, Fla.

August 11, 2008

LA Fitness Opens at Ram’s Spring Plaza in Bonita Springs, Fla.
August 11, 2008

FOR IMMEDIATE RELEASE:

Contact:
Marichelli Heredia
Thorp & Company
305.446.2700
mheredia@thorpco.com

Palm Beach Gardens, Fla., Aug. 11, 2008 – Ram, a leader in real estate development and acquisitions, today announced that LA Fitness has opened a location at its Spring Plaza property, which is located at the southeast corner of U.S. Highway 41 and Bonita Beach Road in Bonita Spring, Fla.

LA Fitness is an anchor tenant occupying 45,000 square feet of newly constructed space at Spring Plaza, a 199,992-square-foot shopping center built in the late 1970s. Other notable tenants include Beall’s Outlet and Sweet Bay Supermarket. Ram recently constructed a new facade, reconfigured the property and made some other substantial modifications.
About Ram
Founded in 1978, Palm Beach Gardens, Florida-based Ram is an affiliated group of companies comprised of Ram Development Company, a leader in retail, residential and mixed-use development and acquisition, and Ram Realty Services, a provider of residential and retail management and leasing services. In addition to the Palm Beach Gardens office, Ram has offices in Fort Lauderdale and Tampa, Fla., Raleigh, N.C., and Atlanta, Ga. Currently, the company manages approximately 2.5 million square feet of retail property and 3,000 apartments and is active in Florida, North Carolina and Georgia. Ram is committed to making places that are socially responsible, economically vibrant and environmentally sustainable. For more information, visit www.ramrealestate.com.

  • Aug
    7

Goodwill Opens Superstore at Central Plaza in St. Petersburg, Fla. Property Now 100 Percent Occupied

August 7, 2008

Goodwill Opens Superstore at Central Plaza in St. Petersburg, Fla. Property Now 100 Percent Occupied
August 7, 2008

FOR IMMEDIATE RELEASE:

Contact:
Marichelli Heredia or Heidi Armstrong
Thorp & Company
305.446.2700
mheredia@thorpco.com
harmstrong@thorpco.com

Palm Beach Gardens, Fla., Aug. 7, 2008 – Ram, a leader in real estate development and acquisitions, today announced that Goodwill has opened a location at its Central Plaza shopping center in St. Petersburg, Fla. The discount retailer is an anchor tenant occupying 29,000 square feet of space at Central Plaza, which is located at the Northeast corner of 34th Street North and Central Avenue. With the addition of Goodwill, the shopping center is now 100 percent occupied.

“We think residents of this area who are looking for value priced items will be pleased with this new store, and we’re proud that Goodwill chose Central Plaza for the location of its largest Superstore,” said Casey Cummings, president of Ram. “Central Plaza is located three miles outside the heart of downtown St. Petersburg, which is a thriving business community that leads the state of Florida when it comes to buying power and retail sales.”

Central Plaza is a 74,600-square-foot shopping center that also features Payless Shoes and Family Dollar stores. Other notable tenants include Foot Locker, CitiTrends and LA Fashions. The shopping center is also in close proximity to Grand Central Business District and the historic Kenwood District, and is located very near the site where Goodwill first started in St. Petersburg.
About Ram

Founded in 1978, Palm Beach Gardens, Florida-based Ram is an affiliated group of companies comprised of Ram Development Company, a leader in retail, residential and mixed-use development and acquisition, and Ram Realty Services, a provider of residential and retail management and leasing services. In addition to the Palm Beach Gardens office, Ram has offices in Fort Lauderdale and Tampa, Fla., Raleigh, N.C., and Atlanta, Ga. Currently, the company manages approximately 2.5 million square feet of retail property and 3,000 apartments and is active in Florida, North Carolina and Georgia. Ram is committed to making places that are socially responsible, economically vibrant and environmentally sustainable.

For more information, visit www.ramrealestate.com.