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Client Success
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First Industrial Realty Trust. Inc. (NYSE: FR)
Since its initial public offering in 1994, First Industrial has become the nation’s largest provider of diversified industrial real estate, having acquired or developed a nationwide portfolio of 84,000,000 square feet. The principals of Venture One Real Estate are proud to have represented First Industrial in nearly one-third of all acquisitions at the time of its IPO. Subsequently we represented the company in transactions involving 385 properties totaling 25,400,000 square feet, valued at $827,600,000, and helped establish First Industrial in 10 of its top 25 national industrial real estate markets. Here are highlights of our long-term relationship:
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Acquisition of 343 properties totaling 19,510,466 SF, valued at $663,878,520
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Acquisition of a 63-building, 1,737,632 SF Detroit portfolio, valued at $78,000,000
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Disposition of 29 properties totaling 4,331,947 SF, valued at $118,973,500
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Disposition of a three-building, 604,000 SF Des Moines portfolio, valued at $11,800,000
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Disposition of a nine-building, 1,100,000 SF Des Moines portfolio, valued at $9,405,000
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Disposition of a three-building, 819,618 SF Fond du Lac portfolio, valued at $23,260,000
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Disposition of a Perrysburg, OH, portfolio of 10 single-tenant buildings totaling 737,041 SF, valued at $21,480,000
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Evaluation of more than $4 billion worth of properties for acquisition
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Established First Industrial in 10 new major markets: Detroit, Indianapolis, New Jersey, Cincinnati, Columbus, Dallas, Houston, Philadelphia, Portland and Baltimore
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Acquisition of a 30-building, 3,432,606 SF portfolio in Indianapolis, Cincinnati and Columbus, OH, valued at $77,355,826
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Acquisition of a 47-building, 1,753,122 SF New Jersey portfolio, valued at $105,000,000
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Acquisition of a 63-building, 4,696,691 SF portfolio in Texas and Louisiana, valued at $138,000,000
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Closed UPREIT acquisitions, valued at $600,000,000
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Acquisition of a 36-building, 857,016 SF Portland, OR, portfolio, valued at $44,496,000
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Acquisition of a 29-building, 1,646,247 SF Houston portfolio, valued at $53,390,000
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