FRP Development Corp. is a full service Maryland real estate development management company specializing in commercial and industrial real estate. The company is one of two wholly-owned subsidiaries of FRP Holdings, Inc. NASDAQ ticker symbol “FRPH”, a Florida-based holding company engaged in the real estate business. In 1989, FRP Development Corp. was formed with offices located in Baltimore, Maryland and since its inception has been engaged in the business of acquiring, developing, owning and operating commercial and industrial buildings predominately in the Baltimore/Washington DC/Northern Virginia market area. This market has consistently been ranked in the top tier for industrial/warehouse performance in the United States.