Florida,
Friday, August 04, 2006 Source: bizjournals.com
The directors of Patriot Transportation Holding Inc. have accepted a 50-50 real estate joint project between its subsidiary FRP and Florida Rock Industries Inc. to expand about 4,300 acres near Brooksville, north of Tampa. FRP will add its fee interest in 3,443 acres that it leases to Florida Rock under a long-term mining lease. FRP also would repay Florida Rock for half the cost, about $3 million, to acquire a 288-acre neighboring parcel that Florida Rock recently bought from a third party. The 288-acre parcel would be contributed to the dual venture. posted by author
@ 10:18 PM
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