BNET Industries

Market Cap:$266.7M
Last Fiscal Year Sales:$434.9M
  • Public
  • US
Dow Jones Description

The Operating Partnership was organized as a limited partnership in the state of Delaware on November 23, 1993. The sole general partner of the Operating Partnership is First Industrial Realty Trust, Inc. (the Company) which owns common units in the Operating Partnership (Units) representing an approximate 89.0% and 87.6% ownership interest at June 30, 2009 and June 30, 2008, respectively. The Company also owns a preferred general partnership interest in the Operating Partnership (Preferred Units) with an aggregate liquidation priority of $275.0 million at June 30, 2009. The Company is a real estate investment trust (REIT) as defined in the Internal Revenue Code of 1986 (the Code). The Companys operations are conducted primarily through the Operating Partnership. The limited partners of the Operating Partnership own, in the aggregate, an approximate 11.0% and 12.4% interest in the Operating Partnership at June 30, 2009 and June 30, 2008, respectively. We are the sole member of several limited liability companies (the L.L.C.s) and the sole shareholder of the TRS. We hold at least a 99% limited partnership interest in each of eight limited partnerships (together, the Other Real Estate Partnerships).

President & Chief Executive Officer
Bruce W. Duncan
Number of Employees 340
Contact Information

311 S Wacker Dr Ste 4000

Chicago, Illinois 60606-6678

firstindustrial...

(312) 344-4300

NAICS Code : 525930

Recent Events

  • Former First Industrial CEO Launches Investment Co.

    11/06/09 - Product Announcement - View Story

  • First Industrial Realty Trust Q3 FFO Rises; Revises FY09 FFO Per Share Forecast - Quick...

    11/04/09 - Financial Announcement - View Story

  • Former First Industrial Realty CEO Launches Industrial Real Estate Investment Firm

    11/03/09 - Product Announcement - View Story

  • Macquarie Capital USA Inc. maintains First Industrial Realty Trust at 'neutral'

    11/02/09 - Bond / Stock Rating - View Story

  • First Industrial Realty Trust Declares Preferred Stock Dividends

    9/03/09 - Stock Split / Dividend - View Story

  • COULTER CADILLAC OWNER BUYS WAREHOUSE . . . SELLS RETAIL PROPERTY

    8/10/09 - Buildings Purchased - View Story

  • First Industrial Realty Trust Reports Second Quarter 2009 Results

    8/05/09 - Financial Announcement - View Story

  • Life Insurers Breathe Life into First Industrial Finances

    6/10/09 - New Investment - View Story

  • First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million

    6/03/09 - New Investment - View Story

News & Analysis

asset management and first industrial realty trust inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Bruce W. Duncan President & Chief Executive Officer
Michael W. Brennan Chief Executive Officer
Brigitte Janos Brozenec Chief Marketing Officer, Corporate Office
Christopher Schneider Chief Information Officer
Johannson L. Yap Chief Investment Officer
Michael Havala Chief Financial Officer
Scott Musil Chief Accounting Officer
David Draft Executive Vice President of Operations
David G. Harker Executive Vice President, Central Region
Don Stoffle Executive Vice President, Dispositions
Gerald Pientka Executive Vice President, Development
Peter O. Schultz Executive Vice President, East Region
Robert G. Cutlip Executive. Vice President, North America
Brock Wilson Senior Vice President Portfolio Management
John Avioli Senior Vice President, Finance
Kevin Czerwinski Senior Vice President, Development Services Group
Phil Bowman Senior Vice President, Dev
Richard Astheimer Senior Vice President, Development
Robert Micera Senior Vice President, National Head of Net Lease Investments
Robert Walter Senior Vice President, Capital Markets
Sean O'Neill Senior Vice President, IR & Corp Comm
Chris McGrath Vice President, Development, Chicago Regional Office
John Clayton Vice President
Mike Vallenari Vice President, Integrated Industrial Solutions
Richard Prokup Vice President
Susan L. Pils Vice President, Organizational Dev
Arne M. Cook Executive Director
Mark K. Dishaw Executive Director
Patrick R Hunt Executive Director, Joint Ventures
Gregory S. Downs Managing Director, Gulf Mountain, West Region
Jan Scheers Managing Director, Europe
Steven B Hoyt Founder
Alec Pacella Reg Director, Cleveland
Art Harmon Director of Investor Relations
Chris Willson Senior Regional Director
David Carreiro Reg Director, Toronto
Douglas Swain Regl Director, Indianapolis
Gary Danklefsen Reg Director, Seattle, Tacoma
Howard Freeman Senior Regional Director
James Merrill Reg Director, Salt Lake City
Jeff Thomas Reg Director, Harrisburg
Jeremy Shapiro Senior Regional Director
Keith Stauber Senior Reg Director, Chicago Reg Officer
Larry Emmons Reg Director, Detroit
Mark McConnell Reg Director, Baltimore, Washington DC
Mark Ulrich Reg Director
Mark Volkman Regional Director
Michael Damone Director of Strategic Planning and Director
Peter Ginn Reg Director, Milwaukee
R. Steven Preston Reg Director, Nashville
Richard S Czerwinski National Director, Leasing and Asset Management
Rob Riner Senior Reg Director
Robert Krueger Reg Director, Central Florida
Ryan McClean Reg Director, Los Angeles, San Diego
Steven S. Preston Reg Director
Steven Wilson Director
W. Troy MacMane Reg Director
Jennifer OShea Reg Marketing Manager, Central
Kristy Pepping Reg Marketing Manager, East
Troy MacMane Regional Manager
Brady Scott Senior Investment Officer
Corey Matthiessen
Elkins Wetherill
Kyle Rockey Senior Investment Officer, Central Region
Michael Sung Senior Investment Analyst
Scott McGregor Senior Investment Officer, Central, Gulf Mountain Region
Wallace Murfit Senior Investment Officer
J. Steven Wilson Director
James F. Millar Director
John Rau Director
Robert J. Slater Director

Board of Directors

Name (plus bio) Position
Ed Tyler Chairman of The Board of Directors
John W.M. Brenninkmeijer Board of Directors
Kevin W Lynch Board of Directors
Robert D. Newman Board of Directors
W. Ed Tyler Board of Directors

Named President and Chief Executive Officer of First Industrial Realty Trust, Inc. in January 2009, Bruce Duncan brings more than 30 years of real estate management and investment experience to the Company. Mr. Duncan presently serves as Chairman of the Board of Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT), one of the leading hotel and leisure companies in the world, a position he has held since 2005. From April to September 2007, Mr. Duncan served as CEO of Starwood on an interim basis. He has been a member of Starwood’s Board of Directors since 1999, and was a Trustee of Starwood Hotels & Resorts, a real estate investment trust and former subsidiary of Starwood, since 1995. He also has been a senior advisor to Kohlberg Kravis & Roberts & Co. since July 2008. Mr. Duncan was President and CEO of Equity Residential (NYSE: EQR), the largest publicly traded apartment company in the United States with revenues of $2.1 billion and an enterprise value of over $20 billion, from 2002 through 2005. From 1995 to 2000, he was Chairman, President and CEO of Cadillac Fairview Corporation, one of North America’s largest owners and developers of retail and office properties. From 1978 to 1994, Mr. Duncan served in several management roles at JMB Realty Corporation, most recently as President and Co-CEO of JMB Institutional Realty Corporation. During Mr. Duncan’s tenure at JMB, the firm grew its asset base from $800 million to more than $25 billion. Mr. Duncan’s past professional affiliations include serving as a member of the following Executive Committees: the Board of Governors – National Association of Real Estate Trusts (NAREIT), the Canadian Institute for Public Real Estate Companies (CIPREC) and the National Multi-Housing Council (NMHC), as well as past Trustee of the International Council of Shopping Centers (ICSC). Mr. Duncan is currently Trustee of RUSH University Medical Center in Chicago. He also previously served as Trustee of commercial real estate firms The Rouse Company, Cousins Properties Incorporated, and The Rubenstein Company. He holds an MBA in Finance from the University of Chicago and an AB degree in Economics from Kenyon College.

Organization Position Status
First Industrial Realty Trust, Inc. President & Chief Executive Officer Current
Kohlberg Kravis Roberts & Co. Advisor Current
Starwood Hotels & Resorts Worldwide, Inc. Chairman Current
Starwood, Inc. Board of Directors Current
First Industrial Realty Trust, Inc. Board of Directors Current
Starwood, Inc. CEO Former
The Cadillac Fairview Corporation Limited President Former
JMB Realty Corporation Executive Former

Michael W. Brennan has been a member of our Board of Directors since March 2008. From 1999 to 2008, Mr. Brennan served as President and Chief Executive Officer of First Industrial Realty Trust, Inc. (NYSE: FR) and from 1994, the year he co-founded First Industrial, to 1999, he served as its Chief Operating Officer and Chief Acquisitions Officer. Mr. Brennan joined The Shidler Group as its principal acquisitions executive in 1986 and was named partner of its Mid-West region in 1988. Mr. Brennan has 25 years of real estate experience. He holds a bachelor s degree in finance from the University of Notre Dame. Mr. Brennan is also a director of Strategic Hotels & Resorts, Inc. (NYSE: BEE) and the Chicago Public Library Foundation Board.

Organization Position Status
First Industrial Realty Trust, Inc. Chief Executive Officer Current
First Industrial Realty Trust, Inc. President Current
Pacific Office Properties Trust, Inc. Chairman, Compensation Committee Current
Chicago Public Library Foundation Director Current
First Industrial Realty Trust, Inc. Board of Directors Current
Association House Board of Directors Current
Urban Land Institute Board of Directors Current
Strategic Hotel Capital, Inc. Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Member Current
First Industrial Corporation Chief Operating Officer Former
First Industrial Realty Trust, Inc. Chief Operating Officer Former
First Industrial Realty Trust, Inc. Co-Founder Former
First Industrial Corporation Co-Founder Former
The Shidler Group Partner Former
CB Commercial Inc. Investment Specialist Former
First Industrial Realty Trust, Inc. Architect Former
The Shidler Group Principal Acquisitions Executive Former
Pacific Office Properties Trust, Inc. Board of Directors Former
University of Notre Dame Bachelors Degree In Finance Former

Organization Position Status
First Industrial Realty Trust, Inc. Chief Marketing Officer, Corporate Office Current
First Industrial Corporation Chief Marketing Officer Current
Business Marketing Association Member Current
Business Marketing Association Board of Directors Current
USG Corporation Vice President of Marketing Former
Tenneco, Inc. Vice President, Worldwide Sales Former
Business Marketing Association The American Marketing Association Former

Mr. Schneider is First Industrial Realty Trust's Chief Information Officer. He is responsible for developing and establishing overall information technology strategy for the organization. He evaluates information needs and develops strategies for required programming, systems development and hardware acquisitions. Since the company's formation, he has been responsible for overseeing the information technology systems and coordination of the quarterly financial and statistical reporting. He was also previously responsible for all the tax functions of the company. Mr. Schneider joined The Shidler Group in 1991 and was controller for The Shidler Group's Midwest region responsible for accounting, tax and treasury functions. Prior to joining The Shidler Group, Mr. Schneider was a tax consultant with Arthur Andersen & Company, where he specialized in real estate and partnership tax and worked for two residential and commercial property management firms. Mr. Schneider is a certified public accountant and a member of the National Association of Real Estate Investment Trusts (NAREIT), the Illinois CPA Society and the Minnesota Society of certified public accountants. Mr. Schneider earned his Bachelor of Science in finance and accounting at the University of Minnesota.

Organization Position Status
First Industrial Realty Trust, Inc. Chief Information Officer Current
Illinois CPA Society Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Illinois CPA Society Member Current
The Shidler Group controller Former
Arthur Andersen LLP tax consultant Former
National Association of Real Estate Investment Trusts, Inc. member Former
University of Minnesota Bachelor of Science In Finance Former

Mr. Yap is the Chief Investment Officer and a co-founder of First Industrial Realty Trust, Inc. (NYSE: FR). He directs the overall investment and disposition strategy of the company, including the approval process, for both on-balance sheet and joint venture transactions. During Mr. Yap's career with First Industrial, he has overseen the underwriting and execution of more than $8 billion of industrial real estate transactions. Mr. Yap has also led the sourcing and structuring of more than $1 billion of UPREIT investments that established the company's national platform. He has also directed the formation of several joint ventures, which have significantly expanded First Industrial's franchise. Prior to joining First Industrial, Mr. Yap worked for The Shidler Group where he was responsible for financing, construction management, leasing, asset and property management, and sales. His professional affiliations include the Urban Land Institute (ULI) and the National Association of Real Estate Investment Trusts (NAREIT). Mr. Yap earned his Masters of Business Administration and Masters of Architecture from the University of Illinois Champaign-Urbana and his Bachelor of Science in architecture from the University of the Philippines.

Organization Position Status
First Industrial Corporation Chief Investment Officer Current
First Industrial Realty Trust, Inc. Chief Investment Officer Current
Urban Land Institute Current
National Association of Real Estate Investment Trusts, Inc. Current
First Industrial Realty Trust, Inc. Co-Founder Former
The Shidler Group Acquisitions Associate Former
University of Illinois Business Administration and Masters of Architecture Former
University of the Philippines Bachelor of Science In Architecture Former
University Corp. Bachelor of Science In Architecture Former

Organization Position Status
First Industrial Realty Trust, Inc. Chief Financial Officer Current
The Shidler Group Chief Financial Officer Former
First Industrial Realty Trust, Inc. Co-Founder Former
First Industrial Corporation Co-Founder Former
Arthur Andersen LLP senior tax consultant Former
Michigan State University Masters of Business Administration Former
Michigan State University Bachelor of Arts Degrees Former

Bringing nearly 20 years of experience to the role of First Industrial Realty Trust's Acting Chief Financial Officer, Scott Musil focuses his efforts on all aspects of the Company's finance function including accounting and capital markets. Since joining First Industrial in 1995, Mr. Musil has held several financial roles within the Company. Most recently as Chief Accounting Officer, Treasurer and Assistant Secretary, Mr. Musil managed public company and joint venture reporting including Section 404 compliance and tax, credit, and treasury functions. He also participated in capital market activities, and has been instrumental in raising more than $1 billion of common and preferred equity and unsecured debt, and arranging the Company's unsecured line of credit. Prior to joining First Industrial, Mr. Musil served in various capacities with Arthur Andersen & Company specializing in the real estate and finance industries. Mr. Musil is a certified public accountant and a member of the American Institute of Certified Public Accountants and the National Association of Real Estate Investment Trusts (NAREIT). He earned his Bachelor of Science in accounting from DePaul University and his Masters of Business Administration from the University of Chicago's Graduate School of Business.

Organization Position Status
First Industrial Realty Trust, Inc. Chief Accounting Officer Current
First Industrial Realty Trust, Inc. Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Member Current
American Institute of Certified Public Accountants Member Current
First Industrial Realty Trust, Inc. Senior Vice President, Treasurer, Controller & Secretary Former
Arthur Andersen LLP audit manager Former
University of Chicago Masters of Business Administration Former
DePaul University Bachelor of Science In Accounting Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive Vice President of Operations Current
First Industrial Corporation Executive Vice President of Operations Current
Michigan Association of Realtors Member Current
First Industrial Corporation Managing Director Former
Michigan Company, Inc. Senior Regional Director Former
National Association of Realtors member Former
First Real Estate Former
Robert Grooters Development Company Former
Calvin College Business Administration Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive Vice President, Central Region Current
First Industrial Corporation Executive Director Current
Trammell Crow Company Vice President Former
First Industrial Realty Trust, Inc. Executive Director, Investments Former
First Industrial Realty Trust, Inc. Senior Regl Director Former
First Industrial Corporation Senior Regional Director Former
Wharton Graduate School of the University of Pennsylvania MBA In Finance Former
University of Illinois Bachelor of Science Degree In Civil Engineering Former

Bringing more than two decades of commercial real estate investment experience to the role of Executive Director of Dispositions, Don Stoffle oversees all sales activity for First Industrial Realty Trust relative to its capital recycling program. As Executive Director of First Industrial’s dispositions division, Mr. Stoffle directs a team of 12 transaction professionals and is responsible for pricing, structure and contracts for all disposition activity on behalf of the company. Over the course of his real estate career, Mr. Stoffle has gained extensive experience in acquisitions, dispositions, development, due diligence, market/site analysis, appraisals and construction/mini-perm lending. During his tenure at First Industrial, he has completed acquisitions totaling more than $1 billion and dispositions in excess of $5 billion. Prior to his current role at First Industrial, Mr. Stoffle served as Senior Investment Officer of the company’s Gulf/Mountain region where he was responsible for identifying, underwriting, negotiating/structuring and closing acquisitions, dispositions and redevelopments. Earlier, he was an Investment Associate for the company’s Midwest region. Before joining First Industrial, Mr. Stoffle was a Commercial Banking Officer in the real estate group of Bank of America Illinois. While there, he originated more than $175 million of mini-perm and construction loans. A graduate of Northern Illinois University with a Bachelor of Science in finance, Mr. Stoffle is an active member of the Chicago Real Estate Council (CREC) and holds an Illinois Real Estate Salesperson license.

Organization Position Status
First Industrial Realty Trust, Inc. Executive Vice President, Dispositions Current
First Industrial Realty Trust, Inc. Executive Director, Dispositions Current
Chicago Real Estate Council Board of Directors Current
First Industrial Corporation Director Current
First Industrial Realty Trust, Inc. Director, Services Former
First Industrial Corporation Investment Associate Former
Northern Illinois University Bachelor of Science in Finance Former
Northern Illinois University Bachelor of Science in Finance Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive Vice President, Development Current
Urban Land Institute Board of Directors Current
Urban Land Institute Member Current
First Industrial Corporation Executive Vice President, Development Former
Verus Partners, LLC Founder Former
Higgins Development Partners, LLC co-founder Former
Verus Partners, LLC partner Former
Kellogg School of Management at Northwestern University Masters of Management In Finance Former
Verus Partners, LLC Principal Former
Nesbitt Burns Securities Inc Former
ABN AMRO Chicago Corp. Former
Northwestern University Masters of Management In Finance Former
Kellogg School of Management at Northwestern University Masters of Management In Finance Former
University of Illinois Bachelor of Science In Civil Engineering Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive Vice President, East Region Current
First Industrial Realty Trust, Inc. Managing Director, East Region Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive. Vice President, North America Current
National Association of Industrial and Office Properties Managing Director With First Industrial Realty Trust Current
Highwoods Properties, Inc. Senior Vice President Former
First Industrial Realty Trust, Inc. Managing Director Former
National Association of Industrial and Office Properties Trustee Former
National Association of Industrial and Office Properties Chairman Former

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President Portfolio Management Current
First Industrial Realty Trust, Inc. Marketing and Leasing Director Former
First Industrial Corporation Marketing and Leasing Director Former
First Industrial Realty Trust, Inc. Regional Manager Former
The University of Texas at Austin Bachelor's Degree Former

Mr. Avioli is Senior Vice President at First Industrial Realty Trust, responsible for originating and managing the Company's financing relationships and transactions. Prior to joining First Industrial, Mr. Avioli held various positions over a 12-year tenure as an executive with the Lerner Enterprises organization, a large and well-diversified private company with significant real estate holdings in and around the Washington, D.C. market. These positions included Director of Loan Origination and Financial Analysis, where Mr. Avioli was the senior financial analyst for the organization, along with being primarily responsible for managing the organization's lending relationships and all aspects of originating, negotiating and closing debt transactions. During his tenure, Mr. Avioli completed transactions with an aggregate value well into the billions of dollars. Mr. Avioli was also actively involved in the development, leasing and management activities of the organization. Mr. Avioli earned a Bachelor of Science degree in Finance from Virginia Tech and a Masters in Business Administration from The George Washington University.

Organization Position Status
First Industrial Corporation Senior Vice President Current
First Industrial Realty Trust, Inc. Senior Vice President, Finance Current
First Industrial Corporation Senior Financial Analyst Former
The George Washington University Masters In Business Administration Former
Virginia Polytechnic Institute and State University Bachelor of Science Degree In Finance Former

With more than 22 years in commercial real estate, Kevin Czerwinski directs First Industrial’s development projects in the Gulf/Mountain and West Coast regions, and oversees all industrial real estate activities for the company’s Phoenix region. As Senior Vice President of Development based in First Industrial’s Phoenix office, Mr. Czerwinski directs build-to-suit development projects for corporate customers in the Western U.S. as well as oversees all acquisitions, dispositions, operations and asset management in the Phoenix area. During his career, he has led the development of several million s.f. of industrial and office space, and several of the projects he has directed have earned top industry awards, including NAIOP’s “Best Industrial Build-to-Suit Project of the Year” recognition three years in a row. Prior to joining First Industrial, Mr. Czerwinski served in a variety of roles at CB Richard Ellis over a 13-year period, most recently as First Vice President of Corporate Services. An active member and former board member of the Phoenix chapter of the National Association of Office and Industrial Properties (NAIOP), Mr. Czerwinski is also a member of the National Association of Real Estate Investment Trusts (NAREIT) , the Urban Land Institute (ULI), Valley Partnership and CoreNet Global. He is a licensed real estate broker. Mr. Czerwinski received his Bachelor of Science degree in general business management from Arizona State University.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, Development Services Group Current
CoreNet Global Board of Directors Current
Valley Partnership Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Urban Land Institute Board of Directors Current
Valley Partnership Member Current
CoreNet Global Member Current
Urban Land Institute Member Current
CB Richard Ellis Group, Inc. First Vice President of Corporate Services Former
National Association of Real Estate Investment Trusts, Inc. member Former
First Industrial Corporation Former
Arizona State University Bachelor of Science Degree In General Business Management Former

With nearly 25 years of commercial real estate experience, Phil Bowman is responsible for the company’s investments and acquisitions in the Inland Empire and Orange County markets, and oversees development for Southern California. Prior to joining First Industrial, Mr. Bowman owned Sandalwood Advisors, Inc. a real estate investment and advisory company that invested as a principal and advised third parties across a broad range of property types. Before forming Sandalwood, Mr. Bowman held a variety of key posts at Lennar Partners (now LNR Property Corp.), where he headed development and investments throughout Northern California and Northern Nevada. As Senior Vice President, he was responsible for sourcing, structuring, underwriting and closing a wide range of real estate opportunities. Previously, as Director of REO, he led Lennar Partners’ development, operations and dispositions in the Western U.S. Earlier, Mr. Bowman was Vice President of MIP Properties in Santa Monica, where he directed marketing, leasing, property management, legal, tax and finance activities for a $100 million portfolio. He began his real estate career developing and marketing Chicago- and Dallas-based office and industrial projects at Transwestern Property Company. An active member of the Urban Land Institute (ULI) and National Association of Office and Industrial Properties (NAIOP), Mr. Bowman is a licensed real estate broker in California. Mr. Bowman earned his M.B.A. in management from the University of Arizona and his B.B.A. in finance from Southern Methodist University.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, Dev Current
Mip Properties Vice President Former
Sandalwood Company, LLC Founder Former
The University of Arizona M.B.A. In Management Former
First Industrial Corporation Former
LNR Property Holdings Ltd. Former
The University of Arizona M.B.A. In Management Former
Southern Methodist University B.B.A. In Finance Former

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, Development Current

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, National Head of Net Lease Investments Current
First Industrial Corporation Current
New York University MBA In Finance Former
Lafayette College Degree In Engineering Former

Bringing to the table more than 20 years of senior management and real estate finance experience, Bob Walter joined First Industrial Realty Trust in 2007 to manage and expand the company’s private capital funding activities. As Senior Vice President of Capital Markets, Mr. Walter is responsible for identifying and securing both debt and equity capital sources for the company’s joint venture programs. Prior to joining First Industrial, Mr. Walter served as Senior Vice President for U.S. Bank Corporation, where he managed the institutional and middle-market lending groups in Chicago. Previously, he was Executive Vice President at First Bank and Trust Company of Illinois, where he led real estate lending and portfolio management. Earlier in his career, he held management positions at General Electric Capital Corporation, LaSalle Bank and Nomura Asset Capital Corporation. A member of the Board of Directors of the Evans Scholar Alumni Association and the Wisconsin Real Estate Alumni Association, Mr. Walter earned his master of management from the Kellogg School of Management at Northwestern University and his bachelor of business administration from the University of Wisconsin.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, Capital Markets Current
Capital Markets Senior Vice President Current
Kellogg School of Management at Northwestern University Master Former
University of Wisconsin Bachelor of Business Administration Former

Organization Position Status
First Industrial Realty Trust, Inc. Senior Vice President, IR & Corp Comm Current
DePaul University Masters of Business Administration Former
Fairfield University Bachelor of Science In Finance Former

Organization Position Status
First Industrial Realty Trust, Inc. Vice President, Development, Chicago Regional Office Current
Kellogg School of Management at Northwestern University Master's Degree Former
Purdue University Undergraduate Degree In Engineering Former

Mr. Clayton is First Industrial Realty Trust's in-house corporate legal counsel. He assists First Industrial in all aspects of its legal affairs and coordinates with the Company's outside counsel on securities, real estate and other legal matters. Prior to joining First Industrial, he was an associate with Paul, Hastings, Janofsky & Walker LLP and Cahill, Gordon & Reindel, both in New York, where he practiced securities, merger-and-acquisition, and general corporate law. Mr. Clayton earned his Bachelor of Arts from the University of South Carolina and his Juris Doctor from the University of Virginia School of Law.

Organization Position Status
First Industrial Corporation Vice President, Corporate Legal, Secretary Current
First Industrial Realty Trust, Inc. Vice President Current
Cahill Gordon & Reindel Llp Associate Former
First Industrial Realty Trust, Inc. Corporate Legal Counsel Former
University of Virginia School of Law Juris Doctor Former
University of South Carolina Bachelor of Arts Former

Organization Position Status
First Industrial Realty Trust, Inc. Vice President, Integrated Industrial Solutions Current
Opus West Corporation Director of National Business Development Former
Arizona State University Bachelor of Science Degree In General Business Former

Organization Position Status
First Industrial Realty Trust, Inc. Vice President Current
M & J Wilkow, Ltd. Vice President of Asset Management Former
University of Memphis Masters Former
University of Memphis Bachelor of Fine Arts Former

Ms. Pils is First Industrial Realty Trust's Vice President ' Organizational Development and is responsible for leading and enhancing the Company's programs for employee recruitment, compensation, training, and retention. Ms. Pils has more than 20 years of experience in human resources strategy, talent management, and leadership development. Prior to joining First Industrial, she was Vice President of Global Human Resources ' Corporate Functions for JohnsonDiversey, Inc., a leading global firm with more than 12,000 employees and customers in more than 140 countries. In her role, Ms. Pils was responsible for human resources programs and process transition for employees in a newly merged organization and led the company's organizational structure design, staffing, and change management initiatives. Ms. Pils earned a bachelor of science with a minor in business administration from Carroll College. She is a member of the Society of Human Resource Management, the Human Resources Management Association, and World at Work. Ms. Pils also serves as a member of the Board of Directors of the Wisconsin Federation of Independent Colleges.

Organization Position Status
First Industrial Realty Trust, Inc. Vice President, Organizational Dev Current

Organization Position Status
First Industrial Realty Trust, Inc. Executive Director Current
First Industrial Realty Trust, Inc. Managing Director Current
OPUS Corporation Former

Organization Position Status
First Industrial Realty Trust, Inc. Executive Director Current
First Industrial Realty Trust, Inc. Senior Regional Director Current

Organization Position Status
Joint Ventures Executive Director Current
First Industrial Realty Trust, Inc. Executive Director, Joint Ventures Current
Managing Directors Current
Pension Real Estate Association, Inc Board of Directors Current
Urban Land Institute Board of Directors Current
Pension Real Estate Association, Inc Member Current
Urban Land Institute Member Current
First Industrial Corporation Executive Director, Joint Ventures Former
University of Chicago Master of Business Administration Former
Northwestern University Bachelor of Science In Journalism Former

With 30 years of experience across all areas of commercial real estate, Greg Downs oversees portfolio acquisitions, developments and custom solutions to meet the needs of First Industrial’s corporate customers in the Western U.S. As Managing Director of the Gulf/West Region, Mr. Downs is responsible for directing industrial real estate activity in some of the nation’s top markets, including Dallas, Phoenix, Houston, Salt Lake City, Los Angeles, Irvine, San Diego and Denver. Prior to joining First Industrial in 1997 as Senior Regional Director in Denver, Mr. Downs served as Principal and Vice President of Development with Pacifica Holding Company, an owner and operator of more than 7 million sf. of commercial property in the Denver metro area. Earlier, he was Director of Asset Management for Bren Investment Properties in Los Angeles, with responsibility for the firm’s commercial properties in Southern California. Mr. Downs began his real estate career with CB Richard Ellis in the company’s Denver office, and over the years has represented top private investors and institutional owners including Copley Realty Advisors, Travelers, Aetna, TCW Realty Advisors and The Yarmouth Group. An active member and former board member of the Denver chapter of the National Association of Office and Industrial Properties (NAIOP), Mr. Downs is also an affiliate member of the Society of Industrial and Office Realtors (SIOR). Mr. Downs graduated from the University of Denver, College of Arts and Sciences, and attended the University of Colorado Graduate School of Public Administration.

Organization Position Status
First Industrial Realty Trust, Inc. Managing Director, Gulf Mountain, West Region Current

Organization Position Status
First Industrial Realty Trust, Inc. Managing Director, Europe Current

Steve continued his REIT investment by contributing a substantial portfolio to Investors Real Estate Trust (NASDAQ-IRETS). He sits on the Board of this one billion dollar company, as Hoyt Properties, Inc. continues to manage a one million square foot portfolio for IRET. With access to private and public capital, Hoyt Properties, Inc. offers various real estate solutions to its clients comparable to those of its largest competitors. Steve's high service-high touch management philosophy gives Hoyt Properties, Inc. a unique capability to deliver proven results unlike any other owner-manager in the market. Steve has served on the Board of Directors for The National Association of Industrial and Office Properties (NAIOP), the Better Business Bureau, Investors Real Estate Trust (IRET), and many charitable organizations.

Organization Position Status
Hoyt Properties, Inc. Chief Executive Officer Current
First Industrial Realty Trust, Inc. Founder Current
Hoyt Properties, Inc. Board of Directors Current
Hoyt Properties, Inc. Founder Former
Hoyt Properties, Inc. Owner Former
Hoyt Properties, Inc. Manager Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Cleveland Current

Organization Position Status
First Industrial Realty Trust, Inc. Director of Investor Relations Current
First Industrial Realty Trust, Inc. Board of Directors Current
First Industrial Realty Trust, Inc. Senior Manager, Ir & Corp Comm Former

With more than 20 years' experience working in commercial real estate, Chris Willson leads First Industrial Realty Trust's Minneapolis office and directs the company's acquisition, leasing and development initiatives in the Upper Midwest. As Senior Regional Director of First Industrial's Minneapolis/St. Paul region, Mr. Willson oversees he company's acquisitions, dispositions, developments, build-to-suits, asset management and lease negotations. Prior to his current position, Mr. Willson served First Industrial in a number of roles. As Regional Development Officer, he was responsible for overvseeing all development projects in both the Twin Cities and the Detroit metro area. Earlier, he was responsible for overseeing the region's brokerage and marketing activities. Before joining First Industrial, Mr. Willson worked for nearly 10 years as an industrial real estate broker with CB Commercial and Koll Real Estate. A licensed real estate broker, Mr. Willson is an active member of the Minneapolis chapter of the National Association of Industrial and Office Properties (NAIOP), the Minnesota Commercial Association of Realtors (MNCAR) and CoreNet Global, and a designate member of the Society of Industrial and Office Realtors.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Regional Director Current
CoreNet Global Board of Directors Current
CoreNet Global Active Member Current
CB Commercial Inc. Real Estate Broker Former
First Industrial Corporation Former

An award-winning real estate professional with more than 17 years’ experience working in industrial real estate in Canada, Dave Carreiro joined First Industrial Realty Trust in 2007 to lead the company’s new Toronto office. As Regional Director of First Industrial’s Toronto region, Mr. Carreiro is responsible for delivering industrial real estate supply chain solutions to customers in this key Canadian market. During his career, he has been consistently ranked among Toronto’s top industrial professionals. Prior to joining First Industrial, Mr. Carreiro served in a variety of roles over a 17-year period at Cushman & Wakefield LePage in Toronto. Most recently, he was Vice President of the Toronto West Industrial division, where he led one of the company’s top real estate teams and was responsible for sales, leasing, brokerage, design build, and landlord and tenant representation. While at C&W, Mr. Carreiro was honored with numerous awards including earning the company’s Award of Excellence; being named to C&W’s top 10 among all brokers in Canada in 2003; and being selected one of the company’s top 10 industrial brokers in Toronto every year since 1995. He earned a business degree at the Richard Ivey Business School at the University of Western Ontario.

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Toronto Current

Organization Position Status
First Industrial Realty Trust, Inc. Regl Director, Indianapolis Current
Urban Land Institute Active Member Current
First Industrial Realty Trust, Inc. Manager Former
First Industrial Corporation Former
The Ohio State University Degree In Finance Former

With more than 26 years’ commercial real estate experience in corporate relationship management, acquisitions, developments, dispositions and brokerage, Gary Danklefsen joined the company in 2007 to lead the company’s Seattle/Tacoma office. As Regional Director of First Industrial’s Seattle/Tacoma region, Mr. Danklefsen is responsible for delivering industrial real estate supply chain solutions to customers in this burgeoning 260 million s.f. industrial market. During his career, he has executed real estate transactions totaling more than $2 billion and 10 million s.f. of space. Prior to joining First Industrial, Mr. Danklefsen was Director of Transaction Management for CB Richard Ellis, the world’s largest commercial real estate brokerage firm. There he was responsible for managing the firm’s Washington Mutual portfolio and relationship. On Washington Mutual’s behalf, he completed the sale of the Irvine and Chatsworth Campuses located in Los Angeles for more than $260 million, setting a new benchmark for price per square foot in the Irvine market. Earlier, Mr. Danklefsen held the position of Senior Vice President, Corporate Services, and a dedicated broker for Trammell Crow Company’s Seattle operations, where he served several large corporate accounts. An active member of the American Society of Real Estate Counselors (CRE), Mr. Danklefsen earned his Bachelor of Arts in finance, cum laude, from Seattle University.

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Seattle, Tacoma Current

With more than 15 years in the commercial real estate industry, Howard Freeman brings a depth of experience in acquisition, development, redevelopment, adaptive re-use, tenanting and sales to his dual roles at First Industrial. As Senior Regional Director for First Industrial's northern New Jersey office, Mr. Freeman oversees the company's acquisitions, dispositions, development, operations and asset management activities in the region. In addition, he serves as the Senior Investment Officer for First Industrial's East Region, responsible for all of the company's property acquisition activities throughout New Jersey; Harrisburg, Penn., and the I-81 corridor; and Miami, Fla. Prior to joining First Industrial, Mr. Freeman served as Senior Vice President and Director of Acquisitions for Geometry Realty, Inc., a private real estate investment management firm based in New York City. While at Geometry, he was responsible for origination, underwriting, due diligence, venture structuring and project financing of office, industrial, land, residential and retail investments. He was also actively involved in the company's marketing, investor relations, performance measurement and strategic planning initiatives. Earlier, he was with Coopers & Lybrand's National Real Estate Advisory Services practive, where his area of responsibility included valuation and due diligence for several large real estate debt and equity transactions. Mr. Freeman received a Bachelor of Science degree in applied economics from Cornell University and an MBA in finance from Columbia University.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Regional Director Current
Columbia University MBA In Finance Former

With more than 16 years’ experience in the Salt Lake industrial market working in industrial facility leasing, build-to-suit development, investment property sales and more, James Merrill leads all company initiatives related to its Utah portfolio. As Regional Director of First Industrial’s Salt Lake City region, Mr. Merrill is responsible for overseeing acquisitions, dispositions, developments, build-to-suits, asset management and lease negotiations across this market. Under Mr. Merrill’s leadership, the Salt Lake City portfolio has grown by more than 1.5 million s.f. and net operating income has more than doubled. While acquisitions have been steadily increasing the size of the Utah operation, the office has also become a leader in industrial development, completing more than eight transactions involving 430 acres of land and 565,000 s.f. of finished buildings. Prior to joining First Industrial, Mr. Merrill worked in industrial property sales and leasing at NAI Utah Commercial Real Estate, Inc., where he was recognized for four years running as completing the highest number of transactions by a broker in his firm. He began his career with The Enterprise, publisher of Utah’s premier business journal. An active member of the National Association of Industrial and Office Properties (NAIOP), Mr. Merrill holds a Bachelor of Science degree from the University of Utah.

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Salt Lake City Current
First Industrial Corporation Current
Nai Utah Commercial Real Estate, Inc. Former
University of Utah Bachelor of Science Degree Former

Organization Position Status
Neatreceipts, Inc Vice President Business Development Current
First Industrial Realty Trust, Inc. Reg Director, Harrisburg Current
Turn The Tide Director of Channel Programs Former
First Industrial Realty Trust, Inc. Senior Regional Development Officer Former
University of Delaware Bachelor's Degree Former
University of Delaware Degree In Business Administration Former

With more than 28 years' commercial real estate experience in South Florida, Jeremy Shapiro oversees acquisitions, dispositions, developments, build-to-suits, asset management and lease negotiations for the company's South Florida region. As Senior Regional Director of First Industrial's South Florida region, Mr. Shapiro is responsible for expanding the company's national platform into the 340 million s.f. South Florida market by building an industrial portfolio through acquisition and development. Prior to joining First Industrial, Mr. Shapiro was director of development and a vice president of Codina Development Company, where he was responsible for managing all industrial, office, retail and residential development operations and identifying new development opportunities. While there, he developed more than 2 million s.f. of Class A industrial distribution space in the Miami market. Earlier, he had been developing a broad spectrum of land, office, retail, residential and industrial product throughout South Florida. A Miami resident for more than 49 years, Mr. Shapiro earned his masters of business administration and bachelor of business administration from the University of Miami. He is a licensed general contractor and licensed real estate broker in the state of Florida.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Regional Director Current
University of Miami Masters Former
University of Miami Bachelor of Business Administration Former

With more than 18 years' experience in leasing, acquisitions and build-to-suit development, Keith Stauber joined First Industrial Realty Trust in 2006 to provide real estate solutions to the company's corporate customers throughout greater Chicago. As Senior Regional Director of First Industrial's Chicago region, Mr. Stauber is responsible for developing and implementing the strategy for the Chicago region as well as overseeing acquisitions, providing industrial real estate solutions, and expanding the company's customer relationships across the greater Chicago area. Prior to joining First Industrial, Mr. Stauber served as Senior Vice President of the industrial group of Colliers Bennett & Kahnweiler Inc., a nationwide leader in commercial real estate brokerage. He has been the recipient of numerous awards and nominations from various organizations, including the National Association of Industrial and Office Properties (NAIOP), the Society of Industrial and Office Realtors (SIOR), CoStar Group, Inc., Colliers International and others. An active member and former board member of the Association of Industrial Real Estate Brokers (AIRE), Mr. Stauber serves as 2007 President of the Chicago chapter of SIOR. He earned his Bachelor of Arts in economics from Northwestern University.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Reg Director, Chicago Reg Officer Current
Sior President Former
First Industrial Corporation Former
Northwestern University Bachelor of Arts In Economics Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Detroit Current
Colliers International Property Consultants, Inc. Senior Vice President Former
First Industrial Corporation Former
University of Michigan Undergraduate Degree Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Baltimore, Washington DC Current
First Industrial Corporation Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director Current

With more than 14 years' experience in real estate, Mark Volkman directs First Industrial Realty Trust's initiatives across the Cincinnati and Columbus markets to provide custom industrial real estate solutions to corporate customers. As Regional Director of First Industrial's Ohio region, Mr. Volkman is responsible for operations, portfolio management, investment, sales and development activity in the region. Prior to his current position, Mr. Volkman served as Director of Marketing and Leasing for First Industrial's Cincinnati and Columbus markets. Before joining First Industrial, he was a marketing representative with ProLogis Trust where he was responsible for leasing the company's industrial portfolio between the greater Cincinnati and Louisville, Ky., markets. Earlier, Mr. Volkman was a property manager with Security Capital Industrial Trust, now ProLogis. While there, he oversaw the firm's industrial holdings in Cincinnati, northern Kentucky and Louisville. A graduate from The Ohio State University with a B.S. degree in business administration in real estate and urban analysis, Mr. Volkman is an active member of the National Association of Industrial and Office Properties (NAIOP), the National Association of Realtors (NAR) and the Ohio Association of Realtors.

Organization Position Status
First Industrial Realty Trust, Inc. Regional Director Current
Ohio Association of Realtors Active Member Current
The Ohio State University B.S. Degree In Business Administration Former

Mr. Damone is Director of Strategic Planning for the Company, has been a director of the Company since June 1994, and is a member of First Industrial Realty Trust's Investment Committee. Between 1973 and 1994, Mr. Damone was Chief Executive Officer of Damone/Andrew, a full service real estate organization that developed, managed and leased approximately five million square feet of industrial, warehouse, distribution, research and development and office buildings. Prior to co-founding Damone/Andrew in 1973, Mr. Damone was the executive vice president of a privately-held, Michigan-based real estate development and construction company, where he was responsible for the development of industrial/business parks. His professional affiliations include the Society of Industrial and Office Realtors ('SIOR'), the National Association of Realtors ('NAR'), the Michigan Association of Realtors and the Detroit Area Commercial Board of Realtors. Mr. Damone has both a Bachelor of Science and a Master of Science degree in civil engineering from the Massachusetts Institute of Technology and a Master of Business Administration from Harvard Business School.

Organization Position Status
First Industrial Realty Trust, Inc. Director of Strategic Planning and Director Current
First Industrial Realty Trust, Inc. Board of Directors Current
Michigan Association of Realtors Former
Sior Former
National Association of Realtors Former
Harvard Business School Master of Business Administration Former
Massachusetts Institute of Technology Master of Science degree in civil engineering Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Milwaukee Current
First Industrial Realty Trust, Inc. Reg Manager Former
Inland Companies Inc. Marketing Representative Former
First Industrial Corporation Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Nashville Current
Leasing Corp Vice President, General Manager Former
Western Kentucky University Bachelor of Science Degree In Accounting Former

With more than 20 years of commercial real estate experience, including extensive experience representing institutional real estate owners, Rick Czerwinski leads First Industrial's leasing and asset management initiatives in the U.S. and Canada. As National Director - Leasing and Asset Management, Mr. Czerwinski is responsible for the leasing and management of the company's wholly owned and joint venture industrial portfolios throughout North America. Prior to his current role, Mr. Czerwinski served as First Industrial's National Leasing Director and previously was Senior Regional Director for its Michigan region, overseeing acquisitions, development, build-to-suits, asset management and lease negotiations for the company's Detroit/Grand Rapids portfolio. Before joining First Industrial, Mr. Czerwinski was Vice President at DeMattia Development, a real estate development, architecture and construction management firm, where he was responsible for build-to-suit and speculative development. Earlier, Mr. Czerwinski held numerous positions within the Michigan commercial real estate community. These include serving as Vice President for Koll Management Services, overseeing its third-party management and leasing portfolio in Suburban Detroit; Vice President at Damone/Andrew, Inc.; and Leasing Manager at Grubb & Ellis Company, Inc., where he was responsible for leasing the Prudential Town Center, a 2 million s.f. mixed-use development in Southfield, Mich. A member of the South Oakland County Board of Realtors, Mr. Czerwinski holds an MBA with a concentration in finance from Wayne State University and earned his undergraduate degree from Western Michigan University.

Organization Position Status
First Industrial Realty Trust, Inc. National Director, Leasing and Asset Management Current
First Industrial Realty Trust, Inc. Director Current
First Industrial Corporation Leasing Director Former
Grubb & Ellis Company leasing manager Former
Wayne State University MBA Former
Western Michigan University Undergraduate Degree Former

Organization Position Status
First Industrial Realty Trust, Inc. Senior Reg Director Current

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Central Florida Current
CoreNet Global Board of Directors Current
CoreNet Global Active Member Current
Marquette University B.S. In Structural Engineering Former
University of South Florida Former

With more than a decade of commercial real estate experience, much of it in Southern California, Ryan McClean has been integral in helping First Industrial expand its West Coast presence to serve the needs of corporate customers coast-to-coast. As Regional Director for First Industrial Realty Trust’s Southern California region based in Los Angeles, Mr. McClean is responsible for overseeing acquisitions, development, build-to-suits, asset management and lease negotiations for the company’s Los Angeles portfolio. Prior to his current role, Mr. McClean held a variety of positions within First Industrial, including serving as Senior Investment Analyst for the company’s West Coast region. He was integral in expanding First Industrial’s presence from its Midwest origins to a coast-to-coast provider of industrial real estate solutions, including establishing the company’s L.A. office and acquiring several million s.f. in Southern California. Mr. McClean began his career at First Industrial’s corporate headquarters working as an analyst for Chief Investment Officer Johannson Yap and the company’s new market investment team. An active member of the National Association of Industrial and Office Properties (NAIOP) and the Urban Land Institute (ULI), Mr. McClean earned a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign.

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director, Los Angeles, San Diego Current
First Industrial Realty Trust, Inc. Manager Current
University of Illinois Bachelor of Science In Finance Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director Current

Organization Position Status
First Industrial Realty Trust, Inc. Director Current
First Industrial Realty Trust, Inc. Director Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Director Current
First Industrial Realty Trust, Inc. Reg Manager, Houston Former
CB Commercial Inc. Tenant Representative Former
First Industrial Corporation Former
The University of Texas at Austin Bachelor's Degree Former

Organization Position Status
First Industrial Realty Trust, Inc. Reg Marketing Manager, Central Current

Organization Position Status
First Industrial Realty Trust, Inc. Reg Marketing Manager, East Current

Organization Position Status
First Industrial Realty Trust, Inc. Regional Manager Current

Organization Position Status
First Industrial Realty Trust, Inc. Senior Investment Officer Current

Corey has been actively involved in YPC and the Professional Development Committee since 2005. He was responsible for the successful launch of our Entrepreneurial Evening Events as well as developing YPC?s relationship with the University of Chicago Polsky Center for Entrepreneurship. In his role this year as Director of Professional Development, he is committed to working collaboratively with committee members to deliver another impressive line up of speakers for our CEO Breakfast Series and Entrepreneurial Evening Events as well as work on other strategic initiatives. Corey is in business development with First Industrial Realty Trust, Inc., a publicly traded REIT based in Chicago and the largest owner of diversified industrial real estate in the U.S. Corey holds an Illinois Real Estate License and graduated from the University of Iowa Henry B. Tippie College of Business with a degree in Marketing and minor in Communications. When Corey is not working on YPC initiatives, he is serving on the Executive Committee of the Literacy Chicago Associate Board. Corey enjoys biking, listening to music, Chicago sports, and hitting the driving range.

Organization Position Status
First Industrial Realty Trust, Inc. Current
Young Professionals of Chicago Board of Directors Current

Organization Position Status
First Industrial Realty Trust, Inc. Current

Organization Position Status
First Industrial Realty Trust, Inc. Senior Investment Officer, Central Region Current

Michael Sung currently serves as president of The Norfolk Corporation, charged with the company's corporate strategy and financial planning. He also serves as Vice President of Presidio Investments, a Los Angeles-based firm that invests private equity into commercial real estate. His responsibilities include sourcing acquisitions and asset management of the company's portfolio. Michael is a fourth generation Vancouverite, attending St. George's for both elementary and high school. He played for St. George's basketball teams from Grade 5 on, and his basketball memories remain some of his fondest. In fact, Michael counts his role on St. George's first BCHSBBA qualifying team as one of his proudest achievements. Michael attended Pomona College in Claremont, California and graduated with a B.A. in Politics, Philosophy and Economics. He also played two years of basketball before switching to the school's championship rugby team. Recently, Michael graduated with his M.B.A. from the Marshall School of Business at the University of Southern California. He currently resides in Los Angeles, but maintains strong ties to B.C. through his involvement with the Metro Vancouver Basketball Foundation Board of Directors, alma mater activities through St. George's, and other philanthropic organizations.

Organization Position Status
The Norfolk President Current
Presidio Investments, Ltd. Vice President Current
First Industrial Realty Trust, Inc. Senior Investment Analyst Current
Kelsey Hansen Board of Directors Current
Pomona College Former

With 20 years’ experience in commercial real estate investment, Scott McGregor brings a depth of expertise in asset management, acquisition, development and disposition transactions to his role as Senior Investment Officer. As Senior Investment Officer of First Industrial Realty Trust’s Central region, Mr. McGregor is responsible for the company’s property acquisition activities in much of the region. His primary territories include Minneapolis, Nashville, St. Louis, Detroit, Dallas, Houston and Toronto, Canada. Since joining First Industrial in 1993, Mr. McGregor has acquired or sold industrial properties with an aggregate value of more than $2 billion. Previously, Mr. McGregor served as Property Manager, Financial Analyst and Leasing Agent for The Crown Group, Inc., a suburban Chicago developer of office, industrial and retail real estate. His responsibilities included asset management, acquisition, development, and disposition modeling and leasing. Mr. McGregor earned his MBA in finance from the Graduate School of Business at the University of Chicago and his undergraduate degree from Cornell University’s School of Hotel Administration.

Organization Position Status
First Industrial Realty Trust, Inc. Senior Investment Officer, Central, Gulf Mountain Region Current

Array

Organization Position Status
First Industrial Realty Trust, Inc. Senior Investment Officer Current
Jackson-Shaw Company Partner Former
Stanford University MBA Former

Organization Position Status
Shwalla CEO, Ideapoint Current
First Industrial Realty Trust, Inc. Chairman of The Board of Directors Current
First Industrial Corporation Director Current
Lake Forest Graduate School of Management Board of Directors Current
Moore Company CEO Former
First Industrial Realty Trust, Inc. Interim CEO Former
Moore Company President Former
R.R. Donnelley & Sons Co. Chief Technology Officer Former
R.R. Donnelley & Sons Co. Executive Vice President Former
First Industrial Realty Trust, Inc. Lead Director Former
The American National Red Cross Chairman Former

Mr. Wilson, 63, has been a director of the Company since June 1994. Since February 2003, Mr. Wilson has been owner and President of Advanced Building Products & Services, LLC, a building product supply company located in Jacksonville, Florida. Since 1985, Mr. Wilson has been President, Chief Executive Officer and Chairman of the Board of Directors of Riverside Group, Inc., a holding company. From 1991 to April 2003, Mr. Wilson was Chairman of the Board of Directors and Chief Executive Officer of Wickes Inc.

Organization Position Status
Riverside Group, Inc. Chief Executive Officer Current
Riverside Group, Inc. President Current
London Manhattan Managing Director Current
Riverside Group, Inc. Chairman of the Board of Directors Current
First Industrial Realty Trust, Inc. Director Current
Bradco/Wickes Chief Executive Officer Former
Bradco/Wickes Chairman of the Board of Directors Former
Georgia State University Masters of Business Administration Former
The University of North Carolina Bachelor of Science In Business Administration Former

Array

Organization Position Status
Wendy's/Arby's Group, Inc. Board of Directors Current
Cardinal Health, Inc. Chief Executive Officer, Healthcare Products Former
Cardinal Health, Inc. Group President Â?? Pharmaceutical Distribution Former
The Cardinal CEO Former
Cardinal Health, Inc. Executive Director, Strategic Initiatives Former
The Cardinal President Former
California State University Bachelor of Arts Degrees In Economics Former

Organization Position Status
Miami Corp. CEO Current
Western Reserve Academy Chairperson Current
Ravinia Festival Director Current
First Industrial Realty Trust, Inc. Director Current
Wm. Wrigley Jr. Company Board Director Current
BorgWarner, Inc. Director Current
Chicagoland Chamber of Commerce Director Current
Miami Corp. Director Current
Harris Bank, N.A. Director Current
Eki Consulting Board of Directors Current
Nicor Inc. Board of Directors Current
The Trust Foundation Board of Directors Current
Evanston Northwestern Healthcare Director Current
Chicago Shakespeare Theater Director Current
Economic Club of Chicago Director Current
Interventures, LLC Director Current
Wm. Wrigley Jr. Company Compensation Committee Member Current
Chicago Title Corporation Trustee Current
La Salle National Bank Chief Executive Officer Former
Chicago Title Corporation Chief Executive Officer Former
Trustco, Inc Chief Executive Officer Former
La Salle National Bank President Former
Chicago Title Corporation President Former
Miami Corp. President Former
Trustco, Inc President Former
Trustco, Inc Executive Officer Former
Security Union Title Insurance Company Executive Officer Former
First Industrial Realty Trust, Inc. Chairman Current
Chicago Title Corporation Executive Officer Former
Northwestern University Visiting Scholar Former
McKinsey & Company, Inc. Counsel Former
Kelley School of Business Bloomington Dean Former
Exchange National Bank Former
First National Bank of Chicago Former
Security Union Title Insurance Company Director Former
Chicago Title Insurance Company Director Former
Trustco, Inc Director Former
Chicago Title Corporation Director Former
Harvard University Master's Degree In Business Administration Former
Boston College Bachelor's Degree Former
Commercial Club of Chicago member Former

John Brenninkmeijer has been a director of the Company since August 2007. Since 2001, Mr. Brenninkmeijer has been non-executive chairman of REDEVCO Europe Services B.V., a privately held European real estate firm based in Amsterdam with more than 54 million square feet of retail properties in 20 countries throughout Europe. Prior to joining REDEVCO, Mr. Brenninkmeijer served as a senior executive with major retailing firms in Europe, the United States and Brazil. Mr. Brenninkmeijer earned his master’s degree from Lizenziat Wirtschaftwissenschaft, Hochschule St. Gallen, St. Gallen, Switzerland. His board memberships include the Foundation for Translational Research at the Cancer Center Amsterdam.

Organization Position Status
First Industrial Realty Trust, Inc. Board of Directors Current
Redevco Corporation Former

Mr. Lynch is a Principal and co-founder of The Townsend Group. He has 17 years of institutional real estate consulting experience and 29 years of direct real estate experience. During his career at Townsend, Mr. Lynch has facilitated the construction of real estate portfolios for numerous clients throughout the world. Mr. Lynch is also responsible for new product development. Prior to forming Townsend, Mr. Lynch participated in structuring private placement real estate transactions for Stonehenge Capital Corporation, a New York based investment-banking firm. Mr. Lynch is a member of the Pension Real Estate Association (PREA), National Counsel for Real Estate Investment Fiduciaries (NCREIF), and is a member of the real estate advisory board for New York University. Mr. Lynch is a frequent speaker at industry conferences and has presented in Amsterdam and Frankfurt for the benefit of the Association of Foreign Investors in Real Estate (AFIRE) and on behalf of the Institute for International Research.

Organization Position Status
The Townsend Group Co-Founder Current
The Townsend Group Principal Current
Real Estate Investment Fiduciaries National Counsel Current
First Industrial Corporation Director Current
New York University Advisory Board Current
Lexington Corporate Properties Trust Director Current
First Industrial Realty Trust, Inc. Board of Directors Current
Newkirk Realty Trust, Inc. Board of Directors Current
Pension Real Estate Association, Inc Board of Directors Current
Pension Real Estate Association, Inc Member Current
New York University Member Current
Mapers Member Current
Sacrs Member Current
Prea Member Current
Lexington Corporate Properties Trust Trustee Former
Tel Aviv University Lecturer Former
Stonehenge Capital Company, LLC Former
College of the Holy Cross BA Former

Organization Position Status
William Blair International, Limited Manager and Director of Research Current
William Blair Capital Partners Manager and Director of Research Current
Investor Annex Director of Research Current
Winston & Strawn LLP Intellectual Property Attorney Current
Varsity Vocals Executive Producer Current
William Blair & Company, L.L.C. Board of Directors Current
Casel Co Member, Casel Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
First Industrial Realty Trust, Inc. Board of Directors Current
CFA Society of Chicago Board of Directors Current
Economic Club of Chicago Board of Directors Current
CFA Society of Chicago Member Current
American Institute of Certified Public Accountants Member Current
Economic Club of Chicago Member Current
William Blair & Company LLC Director of Research Former
University of Illinois Music Director Former
William Blair & Company, L.L.C. Analyst Former
Quaker Oats Company Senior Financial Analyst Former
William Blair & Company LLC Board of Directors Former
Northwestern University M.B.A. Former
Kellogg School of Management at Northwestern University M.B.A. Former
University of Illinois B.S. In Accounting Former
University of Illinois Double Degree, Music Theory and History Former
William Blair & Company LLC Member Former

Mr. Slater has been a director of the Company since June 1994, and is a member of First Industrial Realty Trust's Compensation and Nominating/Corporate Governance committees. Since 1988, Mr. Slater has been President of Jackson Consulting, Inc., a private investment and consulting company that specializes in advising manufacturing and distribution companies on strategic, organizational, and economic planning. He retired as President, Chief Operating Officer and Director of Crane Co., a multinational manufacturing, distribution, and aerospace company, after serving the company from 1969 to 1988. Mr. Slater also held several executive level positions at Crane Co. subsidiaries including CF&I Corporation, Medusa Corporation, and Huttig Sash & Door Co. Mr. Slater holds a bachelor's degree in economics from Canisius College (Buffalo, NY). He is a former member of the college's board of trustees and was awarded an Honorary Doctorate of Humane Letters from Canisius College. Mr. Slater has served on the boards of directors of a number of public companies during his career. Most recently, he was a director of Southdown, Inc. and National Steel Corporation.

Organization Position Status
Jackson Consulting President Current
First Industrial Realty Trust, Inc. Director Current
Crane Co. President Former
Crane Co. Chief Operating Officer Former
Crane Co. Director Former
National Steel Co Director Former
Canisius College Doctorate of Humane Letters Former
Canisius College Bachelor's Degree In Economics Former

An experienced executive who has served on First Industrial Realty Trust's Board of Directors since March 2000, Ed Tyler brings a long track record in leadership and entrepreneurial positions to his role as Chairman of the Board of Directors. Mr. Tyler also served as Lead Director and Interim CEO of First Industrial from October 2008 through January 2009. Mr. Tyler is currently CEO of Ideapoint Ventures, an early stage venture fund that focuses on nanotechnologies. Prior to joining Ideapoint, Mr. Tyler served as President and CEO of Moore Corporation Limited, a provider of data capture, information design, marketing services, digital communications and print solutions. During his tenure at Moore, he led a worldwide repositioning and restructuring of the company. Earlier, Mr. Tyler worked for 24 years with R. R. Donnelley & Sons Company in Chicago, beginning his career as an electronics engineer and ultimately serving as Executive Vice President, Sector President, and Chief Technology Officer. He also was responsible for 77 Capital, an early stage venture capital subsidiary of Donnelley, where he was directly responsible for investment decisions and worked closely with the portfolio companies while participating on many of their boards. Mr. Tyler is a former Chairman of the American Red Cross (Mid-America Chapter) and Campaign Chairman of the United Way of Lake County, and serves as a director for several small, private companies. He is a member of the Board of Directors of Lake Forest Graduate School of Management, where he is also an adjunct faculty member.

Organization Position Status
First Industrial Realty Trust, Inc. Board of Directors Current
First Industrial Corporation Director Current
The Egg Factory, LLC Board of Directors Current
Lake Forest Graduate School of Management Board of Directors Current
Moore Company Chief Executive Officer Former
First Industrial Realty Trust, Inc. Interim CEO Former
Moore Company President Former
R.R. Donnelley & Sons Co. Executive Vice President Former
First Industrial Realty Trust, Inc. Lead Director Former
The American National Red Cross Chairman Former
Moore Company Director Former

Executive News

  • First Industrial to Present at BMO Capital Markets 2009 North American Real Estate...

    Reuters - 9/08/09 - View Story

  • First Industrial to Present at BMO Capital Markets 2009 North American Real Estate Conference

    PR Newswire - 9/08/09 - View Story

  • First Industrial Realty Trust Declares Preferred Stock Dividends

    Globe Investor - 9/03/09 - View Story

  • COULTER CADILLAC OWNER BUYS WAREHOUSE . . . SELLS RETAIL PROPERTY

    Business Real Estate Weekly - 8/10/09 - View Story

advertisement
     FR $4.29 -0.07 (-1.61% )
Average Volume 1,131,450
Shares Outstanding 61.60M
Market Cap 264.3M
Year High 9.34
Year Low 1.76
Earnings Per Share -2.60
P/E Ratio -1.65
Dividend 1.00
Yield 23.31
advertisement