The 10-year-old warehouse, located at 350 South Pacific Highway, was most recently used by AgriFrozen as a vegetable processing plant. The plant was closed last year. According to Oregon Title Insurance Co., FSA paid PF Acquisitions $14.2 million for the warehouse late last year, but that price may not account for an extra chunk of raw land that occurred concurrently.

FSA distributes food to restaurants, schools, hospitals, resorts, military bases, prisons and other institutions. The company rang up sales of more than $1.5 billion in 2001. It is a wholly owned subsidiary of Seattle-based Services Group of America.

FSA will begin moving into the new location this fall following renovation work, says Gary Randles, a Cushman & Wakefield broker who helped broker the deal. Randles tells GlobeSt.com that tenant improvements will include building out another 24,000 sf as office space (for a total of 38,000 sf), adding 44 loading docks and erecting a 14,000-sf vehicle-maintenance building on the property.