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<SEC-DOCUMENT>0000950123-11-017954.txt : 20110224
<SEC-HEADER>0000950123-11-017954.hdr.sgml : 20110224
<ACCEPTANCE-DATETIME>20110224171628
ACCESSION NUMBER:		0000950123-11-017954
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20110224
DATE AS OF CHANGE:		20110224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST INDUSTRIAL REALTY TRUST INC
		CENTRAL INDEX KEY:			0000921825
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				363935116
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-157771
		FILM NUMBER:		11637410

	BUSINESS ADDRESS:	
		STREET 1:		311 S WACKER DRIVE
		STREET 2:		SUITE 3900
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3123444300

	MAIL ADDRESS:	
		STREET 1:		311 S WACKER DRIVE
		STREET 2:		SUITE 3900
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
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<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
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<TR valign="bottom">
    <TD align="left" valign="BOTTOM"><B>Prospectus supplement</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><B>Filed pursuant to Rule&nbsp;424(b)(2)<BR>
Registration No.&nbsp;333-157771</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(To the prospectus dated September
18, 2009 and <BR>prospectus supplements
dated May&nbsp;4, 2010 and <BR>August&nbsp;6,
2010)

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>4,921,063 shares</B><BR>
<IMG src="c63256c6325601.gif" alt="(FIRST INDUSTRIAL LOGO)">
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Common stock</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the distribution agreements entered into with First Industrial, L.P., a
Delaware limited partnership and our operating partnership, and each of J.P. Morgan Securities LLC
and Wells Fargo Securities, LLC, a form of which was filed as an exhibit to our current report on
Form&nbsp;8-K filed with the Securities and Exchange Commission on May&nbsp;4, 2010 and is incorporated by
reference herein, we sold a total of 4,921,063 shares of our common stock, $0.01 par value per
share, in open market transactions on the NYSE between October&nbsp;1, 2010 and December&nbsp;31, 2010
through J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acting as our agents. Of these
shares, 3,752,927 shares were sold through J.P. Morgan Securities LLC and 1,168,136 shares were
sold through Wells Fargo Securities, LLC. The weighted average sale price for these transactions
was $8.24 per share. We received net proceeds of approximately $39,689,535 from these sales,
after payment of SEC filing fees, wire fees and other fees and payment of compensation of
approximately $615,089 to J.P. Morgan Securities LLC and $196,080 to Wells Fargo Securities, LLC.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We concluded our at-the-market offering of shares of our common stock as a result of the
expiration on December&nbsp;31, 2010, of each of the distribution agreements we entered into with J.P. Morgan
Securities Inc., Wells Fargo Securities, LLC, Morgan Keegan &#038; Company, Inc., Piper Jaffray &#038; Co.
and Lazard Capital Markets LLC, our sales agents. Of the 10,000,000 shares we reserved for
issuance in the at-the-market offering, 4,530,233 were not sold and remained unissued at the
conclusion of the offering.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on the NYSE under the symbol &#147;FR.&#148; The last reported sale price of
our common stock as reported on the NYSE on February&nbsp;23, 2011 was $11.22 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Investing in our common stock involves risks that are described in the &#147;Risk factors&#148; section
beginning on page S-3 of the prospectus supplement dated May&nbsp;4,
2010 and beginning on page 10 of our
Annual Report on </B><B>Form 10-K</B><B> for the year ended
December&nbsp;31, 2010.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>This prospectus supplement should be read in conjunction with, and may not be delivered or
utilized without, the prospectus dated September&nbsp;18, 2009 and the prospectus supplements dated May
4, 2010 and August&nbsp;6, 2010.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Neither the Securities and Exchange Commission nor any state securities commission has
approved or disapproved of these securities or passed upon the adequacy or accuracy of this
prospectus. Any representation to the contrary is a criminal offense.</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The date of this prospectus supplement is February&nbsp;24, 2011
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
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