Food

EDA completes warehouse sale to food producer | Nvdaily

EDA completes warehouse sale to food producer |  Nvdaily
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A food producer now owns a warehouse that the Front Royal-Warren County Economic Development Authority has been trying to sell for years.

The EDA announced this week that Shahi Food LLC has acquired property at 426 Baugh Drive in Warren County’s Stephens Industrial Park. Shahi Food plans to relocate and expand its existing family-owned warehouse space.

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The EDA board of directors voted in May to sell the property to Shahi Food after months of negotiations and discussions behind closed doors.

The EDA bought 426 Baugh Drive in 2018 and has since tried to recruit a company to buy the property.

Shahi Food paid $5.7 million for the property. The company plans to invest $7 million in the property and create 100 jobs over five years. Shahi Food expects to start production later this year or early 2023.

The sale will bring jobs and investment to the area and help the EDA pay off its debts, said board chairman Jeff Browne.

Shahi Food, currently based in a nearby province and in business for over 30 years, makes an ethnic ice cream bar called Shahi Kulfi in six flavors. The company distributes its products to more than 2,000 retail locations in 20 states with a large market presence in Virginia, New York, New Jersey, Texas and Ohio.

Shahi’s parent company, Shadchem, is an international food and consumer products group in more than 16 countries.

Built in 2008, the building sits on a 14-acre lot on Baugh Drive off Toray Drive east of US 340-522 North in the county. The EDA purchased the industrial zone property from Westrock LLC in May 2018 for $5.3 million. Atlantic Skyline, which designed and manufactured exhibits and graphics, previously operated in the building.

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