First Industrial Realty Trust Acquires 61 Acres in the Toronto Market for Future Development



    CHICAGO, March 6 /CNW/ -- First Industrial Realty Trust, Inc. (NYSE:   FR),
a leading provider of industrial real estate supply chain solutions, today
announced that it has acquired 61 acres of land for future development in the
Toronto market. The parcel is located in the emerging Highway 427 Corridor in
Vaughan, Ontario, one mile south of the Greenbelt, which circles the Greater
Toronto Area.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20040106/FRLOGO)
    
    "Due to its proximity to the major highways and Canadian Pacific
Railroad's largest intermodal facility, this land site is ideally located to
serve customers' supply chain needs in this market," said David Carreiro,
regional director for First Industrial's Toronto office. "This acquisition
marks First Industrial's initial land investment in Toronto, as we seek to
expand our portfolio to meet the future supply chain needs of our customers in
Ontario."
    First Industrial purchased the land as a future development site to
accommodate demand for build-to-suit and speculative distribution centers or
other industrial facilities.
    Mr. Carreiro and Michael Powers, regional development officer, led First
Industrial's efforts on this acquisition. First Industrial would like to thank
Peter McKenna, Gary Lambden, and Jason Palmer of J.J. Barnicke Limited for
their assistance on the transaction.
    The Toronto office was opened in May 2007 and First Industrial currently
owns and manages 1.0 million square feet of industrial space in this market.
In total, First Industrial owns, manages, and has under development more than
100 million square feet of industrial space across more than 30 markets in the
United States, Canada, The Netherlands and Belgium.
    First Industrial Realty Trust, Inc. (NYSE:   FR) provides industrial real
estate solutions for every stage of a customer's supply chain, no matter how
large or complex. Across more than 30 markets in the United States, Canada,
The Netherlands and Belgium, our local market experts buy, (re)develop, lease,
manage and sell industrial properties, including all of the major facility
types -- R&D/flex, light industrial, manufacturing, and regional and bulk
distribution centers. We continue to receive leading customer service scores
from Kingsley Associates, an independent research firm, and in total, we own,
manage, and have under development more than 100 million square feet of
industrial space. For more information, please visit us at
http://www.firstindustrial.com.
    This press release contains forward-looking information about the
Company. A number of factors could cause the Company's actual results to
differ materially from those anticipated, including changes in: national,
international, regional and local economic conditions generally and real
estate markets specifically, legislation/regulation (including changes to laws
governing the taxation of real estate investment trusts), availability of
financing, interest rate levels, competition, supply and demand for industrial
properties in the Company's current and proposed market areas, potential
environmental liabilities, slippage in development or lease-up schedules,
tenant credit risks, higher-than-expected costs, changes in general accounting
principles, policies and guidelines applicable to real estate investment
trusts, and risks related to doing business internationally (including foreign
currency exchange risks). For further information on these and other factors
that could impact the Company and the statements contained herein, reference
should be made to the Company's filings with the Securities and Exchange
Commission.




For further information:

For further information: Sean O'Neill, SVP, Investor Relations and 
Corporate Communications, +1-312-344-4401, or Art Harmon, Director, Investor 
Relations and Corporate Communications, +1-312-344-4320, both of First 
Industrial Realty Trust, Inc. Web Site: http://www.firstindustrial.com

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FIRST INDUSTRIAL REALTY TRUST, INC.

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