INVESTORS

Top Five Acquirer of Industrial Real Estate in Seattle-Tacoma Market

CHICAGO, Aug. 13 /PRNewswire-FirstCall/ -- First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, today announced that it has acquired a 233,000 square-foot portfolio that is 100% leased in the Seattle market. First Industrial now ranks among the top five acquirers of industrial real estate in the Seattle-Tacoma market over the past twelve months.

The portfolio is comprised of three Class A distribution facilities located in the Kent Valley submarket, the largest submarket in Puget Sound. The buildings are proximate to the Ports of Seattle and Tacoma and the Seattle-Tacoma Airport, and provide tenants with access to other major cities on the West Coast via Interstate 5. The distribution centers also feature access to the key distribution routes of Interstate 405 and SR-167.

"The acquisition of these quality facilities expands First Industrial's presence in the Seattle market," said Gary Danklefsen, regional director for First Industrial's Seattle-Tacoma region. "The properties also complement our development investments in the region at First Park Meridian Campus and First Park Northwest Landing by establishing our position in the important Kent Valley submarket."

In addition to this portfolio acquisition, First Industrial is currently investing in the development of two buildings totaling 328,500 square feet at First Park Meridian Campus in Lacey, WA. These buildings are the first large speculative distribution facilities in the state of Washington being built to LEED standards. The first building, totaling 198,000 square feet, is expected to be completed in October 2008.

First Industrial owns an additional 256 acres of developable land in the Seattle-Tacoma market, with a potential build-out of 3.8 million square feet. Across its international platform, First Industrial owns, manages and has under development nearly 100 million square feet of industrial space.

First Industrial would like to thank Andrew Harnish and Chris Spofford of the Jones Lang LaSalle for their assistance with this transaction.

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, Belgium, France and Germany, 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 nearly 100 million square feet of industrial space. For more information, please visit us at http://www.firstindustrial.com.

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 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" 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 affect on our operations and future prospects include, but are not limited to, changes in: national, international (including trade volume growth), 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), our ability to qualify and maintain our status as a real estate investment trust, availability and attractiveness of financing (including both public and private capital) to us and to our potential counterparties, interest rate levels, our ability to maintain our current credit agency ratings, competition, 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, 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, risks related to doing business internationally (including foreign currency exchange risks and risks related to integrating international properties and operations) 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, 2007 and in the Company's subsequent quarterly reports on Form 10-Q. 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 report 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: 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.