What Does First Industrial Realty Trust Do?

Total employees
HeadquartersChicago
Founded1994

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated real estate company that owns, operates, (re)develops, buys and sells industrial real estate in major U.S. markets. FR offers high-quality, strategically located industrial properties and is focused on serving the needs of multinational corporations and regional customers. The company provides solutions for logistics, bulk and regional distribution, and light manufacturing, among other uses.

Where Is First Industrial Realty Trust's Headquarters?

HQ Function

Serves as the central hub for strategic planning, investment decisions, financial operations, corporate governance, and national portfolio management.

Notable Features:

Located in a prominent modern skyscraper, offering state-of-the-art facilities and panoramic views of the Chicago skyline. The building itself is LEED certified, reflecting a commitment to sustainability.

Work Culture:

A professional, collaborative, and results-oriented environment, emphasizing expertise in industrial real estate, tenant satisfaction, and shareholder value creation. Employees often describe it as dynamic and focused on strategic growth.

HQ Significance:

The headquarters centralizes leadership and critical functions, enabling efficient management and strategic oversight of the company's extensive national portfolio of industrial properties across key U.S. logistics markets.

Values Reflected in HQ: The headquarters' location and design reflect professionalism, stability, strategic market presence, and a commitment to operational excellence and sustainable practices.

Location:

First Industrial Realty Trust operates and invests primarily within the United States. Its presence is characterized by supporting an extensive network of industrial properties across key U.S. logistics markets. This includes centralized management from its Chicago headquarters, regional offices for localized expertise, capital allocation for development and acquisitions, and robust investor relations engaging with a diverse base of shareholders. The company adheres to best practices in real estate operations, sustainability (ESG), and corporate governance, often benchmarked against national and international standards within the REIT industry.

Street Address:

One North Wacker Drive, Suite 4200

City:

Chicago

State/Province:

Illinois

Country:

USA

Where Else Does First Industrial Realty Trust Operate Around the World?

Atlanta, GA/USA

Address: 3333 Riverwood Parkway, Suite 100, Atlanta, GA 30339

To strategically expand First Industrial's footprint in high-growth southeastern markets, catering to increasing demand for modern distribution and logistics facilities driven by population growth and supply chain evolution.

Dallas, TX/USA

Address: 14241 N. Dallas Parkway, Suite 800, Dallas, TX 75254

To capitalize on Texas's robust economic growth, strategic location for national distribution, and increasing nearshoring trends, by providing state-of-the-art industrial facilities.

El Segundo, CA/USA

Address: 2121 Rosecrans Avenue, Suite 4355, El Segundo, CA 90245

To maintain and grow market share in a supply-constrained, high-demand region, serving tenants involved in international trade, e-commerce, and entertainment industries.

Buying Intent Signals for First Industrial Realty Trust

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading First Industrial Realty Trust? Meet the Executive Team

As of April 2025, First Industrial Realty Trust' leadership includes:

Peter E. Baccile - President and Chief Executive Officer
Scott A. Musil - Chief Financial Officer
Johannson L. Yap - Chief Investment Officer
Peter Schultz - Executive Vice President - East Region
Adam S. Moore - Executive Vice President - Central Region
John L. Dettelbach - Executive Vice President - West Region
Christopher M. Schneider - Senior Vice President, Operations and Chief Information Officer
Robert J. Walter - Senior Vice President, Capital Markets and Treasurer
Arthur J. Barrett - Senior Vice President, General Counsel and Secretary

Who's Investing in First Industrial Realty Trust?

First Industrial Realty Trust has been backed by several prominent investors over the years, including:

The Vanguard Group, Inc.
BlackRock Fund Advisors
Cohen & Steers Capital Management, Inc.
State Street Global Advisors (SSgA)
Fidelity Management & Research Company (FMRCo)
Principal Global Investors, LLC
Geode Capital Management, LLC

What Leadership Changes Has First Industrial Realty Trust Seen Recently?

Hire1
Exits1

In the past year, First Industrial Realty Trust saw a key leadership transition in its Central Region, with a planned retirement and an internal promotion to fill the role, ensuring continuity and leveraging existing talent.

Departures

David Harker, David Harker retired as Executive Vice President - Central Region, effective March 31, 2024, after a distinguished career with the company.

New Appointments:

Adam Moore, Adam Moore, previously Senior Regional Director, was promoted to Executive Vice President - Central Region, effective April 1, 2024, taking over from the retiring David Harker.

What Technology (Tech Stack) Is Used byFirst Industrial Realty Trust?

Discover the tools First Industrial Realty Trust uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

First Industrial Realty Trust Email Formats and Examples

First Industrial Realty Trust commonly uses the 'first initial followed by last name' email format. Variations might exist, but this is a widely observed pattern for their corporate communications.

flast@firstindustrial.com

Format

pbaccile@firstindustrial.com

Example

85%

Success rate

What's the Latest News About First Industrial Realty Trust?

Business WireMay 15, 2024

First Industrial Realty Trust Announces Second Quarter 2024 Dividend

First Industrial Realty Trust announced that its board of directors declared a cash dividend of $0.37 per common share/OP Unit for the quarter ending June 30, 2024, a 15.6% increase year-over-year....more

Business WireApril 24, 2024

First Industrial Realty Trust Reports First Quarter 2024 Results

FR reported strong first quarter 2024 results, including increased net income, FFO per share, and occupancy rates, highlighting continued demand in the industrial sector....more

Business WireMarch 4, 2024

First Industrial Realty Trust Acquires Los Angeles Infill Property Totaling $50 Million

First Industrial announced the acquisition of a 6.8-acre covered land play site in the infill Los Angeles market for $50.0 million, planning future redevelopment into a modern logistics facility....more

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