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PHILADELPHIA-Refrigerated Foods Distribution Inc. sold its single-story cooler-freezer facility at 2701 Red Lion Rd. here to locally based Quaker Valley Foods Inc. for just under $11.3 million, or about $46.60 per sf.

The modern building was completed in 2000 and contains 106,000 sf of freezer space with a 40-foot clear ceiling, 49,963 sf of dual-purpose cooler space, 46,200 sf of dedicated cooler area, 21,200 sf of dry storage, 11,855 sf of finished office area and a 6,200-sf garage for vehicle storage. It also has 28 refrigerated tailgate loading doors with load levelers and weather tight seals and has rail service from CSX and Norfolk Southern railroad, which is accommodated through five railcar doors. A staging spur adjacent to the property has the capacity to handle 100 cars.

A CB Richard Ellis national brokerage team consisting of SVPs Patrick Green and Bill Goodwin, along with Art Rasumssen of CBRE’s food services group, represented Refrigerated Foods in the sale. Quaker Valley distributes meat, poultry, seafood, cheese and other food products throughout the Northeast.

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