First Industrial Realty Trust Announces Redemption of the Remaining Outstanding Series J Cumulative Redeemable Preferred Stock

     First Industrial Realty Trust Announces Redemption of the Remaining
          Outstanding Series J Cumulative Redeemable Preferred Stock

PR Newswire

CHICAGO, March 11, 2013

CHICAGO, March 11, 2013 /PRNewswire/ -- First Industrial Realty Trust, Inc.
(NYSE: FR), a leading owner and operator of industrial real estate and
provider of supply chain solutions, today announced that it will redeem the
remaining 4 million of its outstanding depositary shares relating to its 7.25%
Series J Cumulative Redeemable Preferred Stock. The redemption price will be
$25 per depositary share plus accrued and unpaid dividends to the date of
redemption, April 11, 2013.


Regular dividends on the depositary shares for the first quarter of 2013 will
be paid on April 1, 2013 to each holder of record on March 15, 2013.

The depositary shares should be presented and surrendered by mail at the
office of the Paying Agent, Computershare Trust Company, Attn: Corporate
Actions, 250 Royall Street, Canton, MA 02021. The settlement of this
redemption is expected to occur on April 11, 2013. Questions relating to the
notice of redemption and related materials should be directed to Computershare
via telephone at 1-800-546-5141.

Due to the redemption of the 7.25% Series J Cumulative Redeemable Preferred
Stock, we expect to write off the remaining offering costs associated with its
original issuance which will be reflected as a deduction of approximately
$0.03 per share from net income (loss) available to common stockholders and
participating securities in the second quarter of 2013. It is anticipated
that this charge will also be reflected in Funds from Operations.

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 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 may contain 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
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