INVESTORS

CHICAGO, Sep 20, 2004 /PRNewswire-FirstCall via COMTEX/ -- First Industrial Realty Trust, Inc. (NYSE: FR), the nation's largest provider of diversified industrial real estate, today announced that it has named Robert Micera senior vice president and national head of net lease investments.

Micera will be responsible for assisting customers with sale-leaseback requirements through the Company's corporate real estate solutions program Integrated Industrial Solutions(TM). He will originate and develop net lease investment opportunities nationwide for the Company's $425 million net lease fund with the Kuwait Finance House. Micera was most recently managing director of Ernst & Young's Real Estate Advisory Services, where he was responsible for expanding its corporate real estate capital markets advisory business. Prior to Ernst & Young, Micera was a vice president in the Real Estate and Lodging Investment Banking group at J.P. Morgan Securities, where he advised corporate clients on a wide variety of real estate structured solutions.

"Bob has extensive experience in acquiring and underwriting net lease investments and providing advisory and capital raising services to real estate and corporate customers," said Johannson Yap, chief investment officer for First Industrial. "Adding Bob to our team further strengthens our capabilities and will benefit customers nationwide."

Bob can be reached at First Industrial's New Jersey office, at 973-227-6600.

First Industrial Realty Trust, Inc., the nation's largest provider of diversified industrial real estate, serves every aspect of Corporate America's industrial real estate needs, including customized supply chain solutions, through its unique I-N-D-L operating platform, which utilizes a pure Industrial focus on a National scope to provide Diverse facility types, while offering Local, full-service management and expertise. Building, buying, selling, leasing and managing industrial property in major markets nationwide, First Industrial develops long-term relationships with corporate real estate directors, tenants and brokers to better serve customers with creative, flexible industrial real estate solutions.

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: economic conditions generally and the real estate market specifically, legislative/regulatory changes (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 and changes in general accounting principles, policies and guidelines applicable to real estate investment trusts. 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.

Mike Daly, Director, Investor Relations-Corporate Communications of First Industrial Realty Trust, Inc., +1-312-344-4320