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FRP Holdings closes its sale of industrial warehouse portfolio

May 23, 2018 8:01 AM ETFRP Holdings, Inc. (FRPH) StockBy: Gaurav Batavia, SA News Editor
  • FRP Holdings (NASDAQ:FRPH) closed on a deal to sell 40 industrial warehouses and three additional land parcels to an affiliate of Blackstone Real Estate Partners VIII, L.P. for a total purchase price of $347.2M.
  • One warehouse property was excluded from the sale as the tenant exercised its right of first refusal to purchase the property for $11.7M.
  • Press Release

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