By Carol Vaughn —
A former seafood facility in Mappsville that has been for sale for years was purchased in December by a Maryland development company.
Stonewall Capital, LLC, a Sparks, Md., company, purchased the property at 13249 Lankford Highway for $1 million from Integrated Fisheries International, according to a deed recorded Dec. 15 in the Accomack County Clerk’s Office.
Ray Jackson, owner of Stonewall Capital, said the company plans to bring in an industrial or logistics tenant/operator at the property.
The approximately 120,000 square foot facility includes equipment for canning as well as refrigeration, Jackson said in a Jan. 7 email.
Asked what led Stonewall Capital to purchase the property, Jackson said, “Opportunity as I am a land developer and also have been successful on the industrial side.”
The building was constructed in the 1980s with an addition in 2004, according to a listing on globalfoodproperties.com
The facility includes around 89,500 square feet of manufacturing space; 40,000 square feet of dry warehouse space; 15,000 square feet of freezer space; 5,000 square feet of cooler space and 5,500 square feet of office space, according to the listing.
The 27-acre plant site, along with an additional 425 acres, was included in the listing.
The property had been listed for $4.25 million, according to the website.
The deed recorded in Accomac includes property with 14 different tax map numbers.
Arthur Richard Myers Jr., the former president of the Mappsville company that once operated the facility, Eastern Shore Seafood Products, died in December 2014 in Florida at age 85.
Stonewall Capital has been in the news recently for its involvement in a mixed-use waterfront development project at Westport, in south Baltimore, and in The Southfields of Elkton, a 650-acre mixed-use development project in Cecil County, Md.
The company also is lead developer in a joint venture to deliver finished building lots for 300 single-family homes to Gemcraft Homes at Captains Cove in Greenbackville, among other projects.