FRP Holdings acquires mining royalty property in Astatula, FL for $11.6M

FRP HOLDINGS, INC.

Purchased 1,549-acre property adjacent to existing site in Astatula, FL for $11.6 million.
Property contains approximately 22.5 million tons of sand reserves currently under lease to Vulcan Materials.
CEO John D. Baker II states acquisition is a very important addition to the mining royalties segment and expresses strong belief in aggregates assets.

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