Item 8.01 Other Events.
On September 29, 2009, First Industrial Realty Trust, Inc., a Maryland
corporation (the "Company"), entered into an Underwriting Agreement (the
"Underwriting Agreement") with J.P. Morgan Securities Inc., as the
representative of the underwriters named therein (collectively, the
"Underwriters"), providing for the offer and sale in a firm commitment
underwritten public offering of 12,500,000 shares of common stock of the
Company, $0.01 par value per share. In addition, pursuant to the terms of the
Underwriting Agreement, the Company granted the Underwriters an over-allotment
option, exercisable one or more times for 30 days, to purchase up to a total of
1,875,000 additional shares of the Company's common stock. On October 2, 2009,
J.P. Morgan Securities Inc., as the representative of the Underwriters,
exercised the over-allotment option for an additional 1,135,700 shares of the
Company's common stock. The shares are being offered to the public at $5.25 per
share. Subject to customary closing conditions, the Underwriters expect to
deliver the shares to the purchasers, including the shares purchased pursuant to
the Underwriters' over-allotment option, on or about October 5, 2009. The
Company expects to receive net proceeds from this offering, including the
exercise of the Underwriters' over-allotment option, of approximately
$68.3 million after deducting underwriting discounts and commissions, and
estimated transaction expenses of approximately $270,000. The shares are being
offered and sold pursuant to a prospectus supplement, dated September 29, 2009,
and a related prospectus, dated September 18, 2009, under the Company's
Registration Statement on Form S-3 (File No. 333-157771).
The foregoing description of the Underwriting Agreement is qualified in its
entirety by reference to the Underwriting Agreement, a copy of which is filed as
Exhibit 1.1 to this Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed herewith:
Exhibit No. Description
1.1 Underwriting Agreement, dated September 29, 2009, among First Industrial
Realty Trust, Inc., First Industrial, L.P. and J.P. Morgan Securities
Inc.
5.1 Opinion of Barack Ferrazzano Kirschbaum & Nagelberg LLP, counsel to the
Company, as to the legality of the securities being registered.
5.2 Opinion of McGuireWoods LLP, counsel to the Company, as to the legality
of the securities being registered.
8.1 Opinion of Barack Ferrazzano Kirschbaum & Nagelberg LLP, counsel to the
registrants, as to certain tax matters.
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Exhibit No. Description
23.1 Consent of Barack Ferrazzano Kirschbaum & Nagelberg LLP (contained in
Exhibit 5.1 hereto).
23.2 Consent of McGuireWoods LLP (included in Exhibit 5.2 hereto).
23.3 Consent of Barack Ferrazzano Kirschbaum & Nagelberg LLP (contained in
Exhibit 8.1 hereto).
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