First Industrial Realty Trust, Inc. Announces Common Stock Offering

     First Industrial Realty Trust, Inc. Announces Common Stock Offering

PR Newswire

CHICAGO, March 4, 2013

CHICAGO, March 4, 2013 /PRNewswire/ --First Industrial Realty Trust, Inc.
(NYSE: FR) ("First Industrial" or the "Company") announced today that it has
commenced an underwritten public offering of 8,400,000 shares of its common
stock.

(Logo: http://photos.prnewswire.com/prnh/20040106/FRLOGO)

The Company intends to use the proceeds for general corporate purposes, which
may include repayments or repurchases of debt, preferred stock redemptions,
and acquisition and/or development of properties. Completion of the offering
is subject to customary closing conditions.

BofA Merrill Lynch and UBS Investment Bank are acting as the book-running
managers for the common stock offering and propose to offer the shares at
prevailing market prices or otherwise from time to time through the NYSE, the
over-the-counter market, negotiated transactions or otherwise. 

The shares of common stock are being offered under the Company's shelf
registration statement, including a prospectus filed by First Industrial with
the Securities and Exchange Commission on March 1, 2012. The offering will be
made only by means of a prospectus supplement and accompanying base
prospectus. Copies of the prospectus supplement, when available, and the
accompanying prospectus relating to these securities may be obtained without
charge from BofA Merrill Lynch, 222 Broadway, New York, NY 10038 Attn:
Prospectus Department, or by email at dg.prospectus_requests@baml.com, or from
UBS Securities LLC, by mail at Attention: Prospectus Department, 299 Park
Avenue, New York, New York 10171, or by telephone at 1-888-827-7275. A copy
of the prospectus supplement and accompanying base prospectus may also be
obtained without charge by visiting the SEC website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any security, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading owner and operator
of industrial real estate and provider of supply chain solutions to
multinational corporations and regional customers. Across major markets in
North America, our local market experts manage, lease, buy, (re)develop, and
sell bulk and regional distribution centers, light industrial, and other
industrial facility types. We have a track record of industry leading
customer service, and in total, we own, manage and have under development
approximately 67.5 million square feet of industrial space as of December 31,
2012. For more information, please visit us at www.firstindustrial.com. We
post or otherwise make available on this website from time to time information
that may be of interest to investors.

Forward-Looking Information

This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934. We intend for such forward-looking statements
to be covered by the safe harbor provisions for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995 and are
including this statement for purposes of complying with those safe harbor
provisions. Forward-looking statements, which are based on certain assumptions
and describe future plans, strategies and expectations of the Company, are
generally identifiable by use of the words "believe," "expect," "intend,"
"anticipate," "estimate," "project," "seek," "target," "potential," "focus,"
"may," "should" or similar expressions. Our ability to predict results or the
actual effect of future plans or strategies is inherently uncertain. Factors
which could have a materially adverse effect on our operations and future
prospects include, but are not limited to: changes in national, international,
regional and local economic conditions generally and real estate markets
specifically; changes in legislation/regulation (including changes to laws
governing the taxation of real estate investment trusts) and actions of
regulatory authorities (including the Internal Revenue Service); our ability
to qualify and maintain our status as a real estate investment trust; the
availability and attractiveness of financing (including both public and
private capital) to us and to our potential counterparties; the availability
and attractiveness of terms of additional debt repurchases; interest rates;
our credit agency ratings; our ability to comply with applicable financial
covenants; competition; changes in supply and demand for industrial properties
(including land, the supply and demand for which is inherently more volatile
than other types of industrial property) in the Company's current and proposed
market areas; difficulties in consummating acquisitions and dispositions;
risks related to our investments in properties through joint ventures;
environmental liabilities; slippages in development or lease-up schedules;
tenant creditworthiness; higher-than-expected costs; changes in asset
valuations and related impairment charges; changes in general accounting
principles, policies and guidelines applicable to real estate investment
trusts; international business risks; and those additional factors described
under the heading "Risk Factors" and elsewhere in the Company's annual report
on Form 10-K for the year ended December 31, 2012 and in the Company's
subsequent '34 Act reports. We caution you not to place undue reliance on
forward-looking statements, which reflect our outlook only and speak only as
of the date of this press release or the dates indicated in the statements. We
assume no obligation to update or supplement forward-looking statements. 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.

SOURCE First Industrial Realty Trust, Inc.

Contact: Art Harmon, Senior Director, Investor Relations and Corporate
Communications, +1-312-344-4320