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."