SRS Real Estate Partners announced the sale of a 109,610-square-foot industrial building located at 2963 Stonewall Place in Sanford. The property was purchased by Harvest Valley, a leading foodservice distributor specializing in Asian cuisine, for $15,848,450.
The warehouse facility, built in 2018, sits on 9.02 acres of land and will be converted into a cold storage facility to better serve Harvest Valley’s clients. Wayne Schuchts, Michael Palmer and Andrew Lehrer from SRS’ industrial team represented Harvest Valley in the sale, facilitating the relocation and expansion of their central Florida operations.
“The U.S. cold storage industry is facing a significant supply-demand gap due to aging infrastructure,” said Schuchts, SRS Managing Principal. “I’m thrilled we were able to secure a modern building that will be converted to cold storage to meet Harvest Valley’s needs and accommodate their expansion plans.”
“This modern industrial building will serve as our primary distribution center in Florida for the coming decades,” said Alice Bouhenguel, Harvest Valley Manager. “Wayne and his team provided exceptional guidance and flexible solutions, helping us secure a property that perfectly aligns with our growth plans and positions us for long-term success.”
SRS’ industrial team in Florida team has a proven track record of successfully representing clients in the food and beverage sector. With over 80 transactions completed above 100,000 square feet, the team has established itself as a leader in the market.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.