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FRP is a full service Maryland real estate development management company specializing in commercial and industrial real estate. The company is a wholly-owned subsidiary of Patriot Transportation Holding, Inc., a Florida-based holding company engaged in the transportation and real estate business. FRP has demonstrated ongoing growth and success with its developments in the Baltimore metropolitan area. Started in 1989 with a core of three buildings with one additional building pad and seven employees, FRP through its Developed Buildings/Land Division has since grown to include 23 buildings located in 10 separate business parks and 24 employees. FRP's current building portfolio totals approximately 2.5 million square feet of space. In addition to the building construction, the company has developed two business parks in the Baltimore area. Lakeside Business Park located in Edgewood, Maryland and consisting of 120 acres, was started in 1996. When fully developed, Lakeside will have 1.2 million leaseable square feet of buildings. In 1999, FRP commenced development of a 60-acre parcel within two miles of the Baltimore-Washington International Airport called Hillside Business Park. The site is located at the intersection of Baltimore-Washington Parkway (Route 295) and Route 100 and provides for a gross potential of up to 600,000 square feet of industrial office buildings. Future projects include Windlass Run Business Park located in southeastern Baltimore County, Maryland off the intersection of MD Route 43 extended and Campbell Boulevard and Commonwealth Business Park located on Commonwealth Avenue west of I-295 in Jacksonville, Florida. Additionally, through a previous affiliation, FRP has completed two significant land development projects in the Baltimore/Washington Industrial Park. They include a 55-acre section which now supports warehouse/distribution buildings in excess of 750,000 square feet, and a 45-acre section with 618,000 square feet of space. FRP's developments in the Baltimore metropolitan area are profiled on within the FRP Development Real Estate Group portion of the website.