First industrial's craft: Chicago-based first industrial realty trust Inc. has mastered the industrial real estate business, and then some. One motto of this real estate investment trust is 'people, people, people,' reflecting its focus on recruiting top talent.

Mortgage BankingVol. 65 Nbr. 10, July 2005

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First industrial's craft: Chicago-based first industrial realty trust Inc. has mastered the industrial real estate business, and then some. One motto of this real estate investment trust is 'people, people, people,' reflecting its focus on recruiting top talent.

CHICAGO-BASED FIRST INDUSTRIAL REALTY TRUST INC., A LEADING player in the world of industrial real estate, is on its way to another good year in the wake of a strong 2004 showing. [??] The real estate investment trust (REIT) is the nation's largest provider of diversified industrial real estate. In 2004, the firm leased a total of 22.1 million square feet, generated record net economic gains of $97.9 million, executed a record volume of business with corporate America, established the highest level of new investment in six years and recruited new talent for key markets. [??] Building on these results, First Industrial is charting further gains in 2005 and 2006 based on rising demand for real estate services. [??] The three most important indicators of industrial demand are capital spending, plant capacity and inventory levels, according to Michael Brennan, president and chief executive officer...

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