About Us

An established REIT and owner of industrial real estate serving customers, First Industrial Realty Trust buys, sells, leases, develops and manages industrial real estate, providing real estate solutions for every stage of the industrial supply chain.

Founded in 1994, First Industrial currently meets the needs of more than two thousand corporate customers with 93 million square feet of industrial space in major industrial markets across the United States and Canada. Read More

FR Milestones

January 2009 Bruce W. Duncan joins as President and Chief Executive Officer
April 2008 Breaks ground on First Park Meridian Campus in Seattle, expected to be first LEED-certified speculative industrial development in Washington
March 2008 Expands land positions to more than 5,000 acres, developable to 85 million s.f. of industrial space
December 2007 Launches two new joint ventures with California State Teachers' Retirement System (CalSTRS) totaling $760 million
December 2007 Grows capital base to nearly $10 billion, including joint ventures
July 2007 Opens offices in Calgary to further expand in Canada
June 2007 Acquires 537 developable acres in South Florida, the largest acquisition in the company's history
December 2006 Invests more than $1.5 billion in the United States to remain the nation's largest acquirer of industrial real estate
December 2006 Triples joint venture income from 2005
December 2006 Ranked #1 in tenant satisfaction for sixth year in a row
March 2006 Creates $900 million co-investment program with UBS Wealth Management to expand net lease investment capacity
December 2005 Invests more than $2.3 billion in the United States in 2005, exceeding the U.S. investment of all other industrial REITs combined
March 2005 Forms $950 million joint venture with CalSTRS to invest in the development and repositioning of industrial real estate throughout the U.S.
August 2004 Launches net lease investment division
December 2001 Forms $300 million institutional fund with Kuwait Finance House (KFH), enhancing ability to develop and sell properties
December 1999 Expands development business rapidly over the course of the year, with large build-to-suit projects for corporate customers such as General Motors, Tenneco and Amazon.com
December 1997 Acquires five real estate entities through UPREITs during 1997, transforming from regional operator to national leader in industrial properties
June 1994 Begins operations as a REIT with 17 million s.f. of industrial space owned or managed

Competitive Advantages

  • Pure Industrial Focus
  • Broad Market Presence
  • Diverse Facility Types
  • Local Market Experience
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Values and Visions

Mission:
Our mission is to create industrial real estate solutions that mutually benefit our customers and our investors.

Sustainable Design Vision:
To pursue and advance sustainability practices throughout our regional offices and to the fullest extent possible implement the use of environmentally friendly and energy efficient building design.

Environmental Practices

As an owner, developer and lessor of industrial real estate, First Industrial has a vested interest in helping to create a cleaner, more energy efficient built environment now and in the future. Our company and our employees share a commitment to sustainable practices, whether we're looking at ways to save energy across our current portfolio of buildings or encouraging environmentally friendly construction techniques when developing and redeveloping industrial facilities.

Management