volume 8 issue 1 1q 2012 first industrial realty trust ... · volume 8 issue 1 1q 2012 first...

Running a successful company has many challenges, especially in the areas of cost and capital management. Technology changes rapidly and energy costs continue to escalate. You need to constantly invest in your workforce to be able to respond to the competitive landscape and corporate earnings pressures continue to mount. The seemingly limitless capital market resources almost vaporized during the recent capital market crisis, and the memory of that tumultuous period

remains, even as the capital markets have reemerged.

For many companies, a major use of capital is contained within their real estate holdings, even though real estate is not their core business. In times of prosperity or economic turmoil, the underlying value of real estate is often left subject to market risk.

To truly fulfill your company's overall operational and financial objectives, the structure and use of real estate should support and reflect your core business

Are You Overlooking a Real Estate Asset?

INSIDE

INDIANAPOLIS: Growing businesses lead

to high demand for industrial facilities in the Crossroads of America

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OUR TEAM: Meet a member of our

professional staff and learn the secrets that make him an expert

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FOR LEASE: Check out our featured

properties in top industrial markets

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ON CALL: Find a handy list of regional

contacts and phone numbers for your use

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www.firstindustrial.com | 1Q 2012

TOP STORY

FIRSTWordFirst Industrial Realty Trust TENANT NEWSLETTER1Q 2012Volume 8 Issue 1

(continued on page 7)

NEED TOKNOW

CLAIMS REMINDER: As a reminder, we'd like to reinforce the

importance of giving First Industrial prompt notice of any property damage, bodily injury or death occurring in and around your leased premises. Prompt reporting of incidents helps minimize claims, which in turn helps keep your insurance costs as low as possible. Please notify your local First Industrial office within 12 hours of the actual incident.

Thanks to Our New Tenants. Welcome Aboard!


First Industrial TENANT NEWSLETTER

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Advantage Fixtures, Inc.

All County Property Mgmt Franchise Corp

APP Pharmaceuticals, LLC

AVAD LLC

Bay Island, Inc.

Blytheco, LLC

Captive Aire Systems Inc

Creation Enterprises, LLC

Cretex Concrete Products Midwest

Custom Products

Custopharm, Inc

DVM Corp

Expediated Freight Systems, Inc.

Fornax International Bakery

HD Branch Acquisition, LLC

HYVA Corporation

IMS Printing & Signs

Indianapolis Turf

Innovations Soil Solutions, LLC

Intelligent Mexican Marketing, Inc.

Interior Dimensions Group, Inc.

Inventive Technology Inc.

J&J Installations of Brandon

Keiser University

Korex International, Inc.

Lateral File Bars and More, LLC

Living Sans Frontiers, Inc.

Maruka USA, Inc.

Minimus LLC

Ministerio Vida Nueva, Inc.

MKK Services

NICSA Industrial Supplies Corp

Noble Properties of MN, Inc.

NRSS/QCM

Pari Robotics, Inc.

Patriot Airsoft LLC

Petromar Technologies, Inc.

Pivotek, LLC

Protelecom, LLC

Real Estate Investor Education

Renaissance Organics, Inc.

Residential Systems, Inc.

Revell Flooring Company, Inc.

RIM Logistics LTD.

Salt Lake Florist Pool, Inc.

Serial Cables, LLC

Sincerity Bridal, Inc.

Softland Corporation

Source One Medical, Inc.

Specialized Architectural Products LLC

St. Louis Real Estate Advisors

Svenska Food & Beverage, LLC

Technical Solutions West, LLC

Techtran Lenses, Inc.

The Circle Group, LLC

The Dodson Group, Inc.

The Miami Corporation

The Wishlist Network

Transamerica Logistics, Inc.

Trident Manufacturing Inc.

UPS Supply Chain Solutions, Inc.

voodoo.com

West Shell Commercial, Inc.

Western Distributing Company

Xtreme Graphics

1Q

SPACE NEEDS: Are you experiencing

changes in your business, thereby requiring more (or less) space? Thanks to our team of local experts and an extensive portfolio, we can help tenants anticipate and accommodate changing space requirements. Check the list on the back page for the contact in your region to learn more about how we can help.

For many of you, the year has more than just four seasons. There’s also holiday season, hurricane season, tax season and more. The fact is, you may require seasonal space almost any time of the year. And whether your need space for one month or six, we can help.

As an established leader in providing industrial real estate solutions for customers' supply chain needs, First Industrial Realty Trust offers high-quality distribution and warehouse properties for companies ranging from

regional to multinational. We’re also a leading provider of seasonal space.

Our portfolio includes more than 71 million square feet in North America’s key industrial markets. And, many of our availabilities are ready for immediate occupancy.

First Industrial is perfectly positioned to provide the seasonal space you need quickly and efficiently. At any time of year. Visit www.firstindustrial.com for more information.

Seasonal Leases? Always in Season.

INDIANAPOLIS: Industrial Real Estate at CrossroadsDid you know that Indiana is first in the nation for interstate

highway access and within a one day drive of 80 percent of the U.S. population? Thus this state is known as the "Crossroads of America". 14 Interstates intersect there, more than any other state. Three international airports and the second largest FedEx hub in the world also service Indiana. That, along with three state-of-the-art international ports each being a designated Foreign Trade Zone, makes Indianapolis an attractive option for companies to locate their distribution or manufacturing operations.

1Q 2012 | www.firstindustrial.com

TENANT NEWSLETTER First Industrial

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REGIONAL SPOTLIGHT

1Q

The Indianapolis industrial real estate market is very tight and has limited options for larger space requirements. As a result, the region will begin to see new development for the first time in more than three years. In addition, there has been an increase in the interest for smaller units of 10,000 square-feet or less – an indicator of business confidence and growth. Modern bulk facilities located in the largest, southwest Indianapolis submarket are anticipated to be in high demand.

First Industrial's Indianapolis portfolio is comprised of 3.8 million square feet of industrial space in 36 properties. Our professionals in the region expertly service their tenants and strive to understand their needs in order to assist in growing their business. For more information about First Industrial's Indianapolis availabilities, contact Regional Manager Mary Sullivan at (317) 351-9330 or [email protected].

Seasonal Inventory Buildup

Raw Material Stockpiling

Merchandise & Decorations

Food & BeveragesEmergency &

Relief SuppliesSeasonal Tools &

Equipment


First Industrial TENANT NEWSLETTER1Q

Meet Ben Weil, Cincinnati Facilities Manager

Q: What does your job entail?A: As a Facilities Manager, my responsibilities span a large range of items and responsibilities. Everything from reviewing CAD architechural drawings to assisting in rent collection to changing light ballasts in 32-foot ceilings to picking up garbage around our properties...I do it. The geographic area that I manage is mainly in Cincinnati, however, I assist with tenant projects in Columbus, Cleveland, Louisville and Indianapolis.

Q: What is a typical day like for you?A: Wow, there really is no typical day. It depends on

what my team needs from me for that day. One of the tasks that is a constant in my day-to-day activities is value engineering for our tenants. An example? We have a large renewal tenant in Columbus that needed additional overhead doors for their ever-growing business. They provided a drawing, then I walked the space with them and was able move the doors to a better suited location and reduce the amount of doors needed. This, in turn, reduced the pavement work required and allowed much better access for their trucks, ultimately making their company more productive. Q: What have you learned on the job with First Industrial? A: I’ve learned that our business is not “black and white”. We always have to be flexible in the way we do things to accommodate our tenants while remaining profitable as a company.

Q: What is a recent unique situation you have had with a tenant? A: With the variety of our tenants, I have dozens of unique examples. One

particular example is a new tenant in a 60,000 square-foot space where they store tires. The tenant had an aggressive schedule to be in the space in four weeks. Unbeknownst to us, the tenant had actually scheduled an open house for all of their customers in three weeks – a week before the scheduled project completion. Our team was able to get everything done in time – utilizing every resource available. This included obtaining a certificate of occupancy much more quickly due to our valuable relationship with the county. Even with negotiated overtime, we came in under budget and on time – exceeding our tenants expectations!

Q: What do you think distinguishes First Industrial from other real estate companies? A: First Industrial's typical approach is that if it's the “right thing to do” for our customers, we figure out how to get it done. Many other real estate companies don’t always care as much about the tenants and accommodating their needs.

Ben Weil, our Facilities Manager in the Cincinnati office, spoke to FirstWord for this issue's team member profile.

TEAM MEMBER PROFILE

Go to www.firstindustrial.com to search all available property opportunities.

First Industrial Realty Trust is a leading owner and operator of industrial real estate.

featured properties1ST QUARTER 2012

2300 West Highway 13Burnsville, MN

Available SF: 413,239

4137 West Adams StreetPhoenix, AZ


19014 64th Avenue SouthKent, WA


5599 Highway 31 WestPortland, TN


24870 Nandina Avenue Moreno Valley, CA


2300 Corporate Center Drive Thousand Oaks, CA


N25 W23255 Paul Road Pewaukee, WI


3901 West Miller RoadGarland, TX


11701 East 53rd AvenueDenver, CO


7800 Cochran RoadGlenwillow, OH


1820 PortalBaltimore, MD


596 Bonnie ValentinePendergrass, GA


WHERE WE ARE

MARKET/REGION

TOTALPROPERTIES

TOTAL MARKET SF

ATLANTA 40 6,443,656

BALTIMORE 25 1,875,254

CALIFORNIA 39 2,653,747

CHICAGO/MILWAUKEE 53 7,868,202

DALLAS/FT. WORTH 90 6,221,605

DENVER 50 2,886,197

DETROIT 117 4,738,620

FLORIDA 44 1,726,208

HOUSTON 32 3,622,210

INDIANAPOLIS 36 3,753,509

MINNEAPOLIS 36 4,467,815

NASHVILLE 13 3,143,383

NEW JERSEY 27 2,097,393

OHIO 35 6,462,096

PENNSYLVANIA 32 6,378,307

PHOENIX 11 1,103,290

SALT LAKE CITY 41 1,123,941

SEATTLE 4 390,321

ST. LOUIS 18 2,837,578

Renew Your Support of Earth Day Today


First Industrial TENANT NEWSLETTER1Q

First Industrial Realty Trust, an established REIT, owns, manages and has under

development 71 million s.f. of industrial space across nearly 750 properties in the top North American industrial markets.

Earth Day is intended to inspire awareness and appreciation for the Earth's natural environment. The name and concept of Earth Day was allegedly pioneered by John McConnell in 1969 at a UNESCO Conference in San Francisco. The first Proclamation of Earth Day was by San Francisco, the City of Saint Francis, patron saint of ecology.

Earth Day was first observed in San Francisco and other cities on March 21, 1970, the first day of Spring. This day of nature's balance of forces was later sanctioned in a Proclamation signed by Secretary General Thant at the United Nations where it is observed each year.

About the same time a separate Earth Day was founded by United States Senator Gaylord Nelson as an environmental teach-in first held on April 22, 1970. While this April 22 Earth Day was focused on the United States, an organization called Earth Day Network launched by Denis Hayes, who was the original national coordinator in 1970, took it international in 1990 and organized events in 141 nations.

Earth Day is now coordinated globally by the Earth Day Network, and is celebrated in more than 175 countries every year. In 2009, the United Nations designated April 22 International Mother Earth Day.

The Earth Day Network organization exists to promote environmental activism and year-round progressive action.

For more information about Earth Day, the Earth Day Network, or how to get involved, visit www.earthday.org. Remember, it can start with you.

Is your Certificate of Insurance current?As you know, your lease requires that you provide us with a copy of your Certificate of Insurance naming your landlord (typically First Industrial, L.P.) as an “Additional Insured.” Have your insurance agent check your lease for the proper landlord name. Upon renewal of your coverage, help us keep your files with us up to date—simply ask your insurance agent to send a Certificate of Insurance to your regional First Industrial office (ATTN: Lease Administration). Also, if your lease requires it, please send a copy to First Industrial’s corporate address at: 311 S. Wacker Drive, Suite 3900, Chicago, IL 60606.

Certificate of Insurance Check-UpRent is due on the first day of each month and should be mailed to the address provided in your lease. To avoid late fees if paying by manual check, please mail your check on or before the first of the month. Or, talk to your local representative about getting set up to make electronic payments.

Rent Reminder

1Q 2012 | www.firstindustrial.com 7

TENANT NEWSLETTER First Industrial1Q

strategy. A mature company may look for ways to monetize its real estate assets with solutions that offer the greatest control and return on investment. A start-up company, on the other hand, may choose to focus on supporting expansion without negatively impacting earnings or cash flow.

No matter the situation, an extensive lease-versus-own analysis that takes into account new GAAP standards, state and local tax codes and other important considerations is necessary to intelligently utilize your real estate assets.

Whether your company is launching a new strategic initiative or revamping its

capital structure, choosing to sell your real estate asset to invest the capital back into your operations may be the best option.

If you own an industrial facility that you are looking to sell or monetize, First Industrial can help.

As an established leader in providing industrial real estate solutions for customers supply chain needs, First Industrial owns, operates and has under development 71 million square feet of space and a portfolio of nearly 750 industrial properties, with a presence in the top North American industrial markets.

We are positioned for growth in 2012 by offering properties for lease to help our customers expand or gain

efficiencies and by making select new investments. We are seeking to acquire industrial properties with the right quality, functionality and locations that continues to enhance and grow our portfolio, specifically:

• Distribution centers• Single or multi-tenant• Fully/partially occupied or vacant• Sale leaseback opportunities• Single buildings or entire portfolios• Single or multiple locations in the U.S.

We can offer quick closings with no financing contingencies. To learn more, visit www.firstindustrial.com or contact your local First Industrial office.

Overlooking an Asset? continued from page 1

REGION MAIN PHONE MAINTENANCE LEASING ACCOUNTING AFTER HOURS

Atlanta (678) 443-9670 Susan Howard Corey Richardson Allison Cowherd (770) 929-6239

Baltimore (410) 312-2900 Kathy Lorusso Jeff Thomas Diane Allen (410) 312-2900

California (310) 414-5400 Jeff Evans Ryan McClean Linda Bauer (714) 403-5493

Chicago (312) 344-4300 Cynthia Vargas Adam Moore Claire Ball (847) 233-0050

Cincinnati (513) 860-0480 Kristen Wesley Kelli Nicoloff Kim Cargile (866) 896-0480

Cleveland (513) 860-0480 Kristen Wesley David O'Reilly Kim Cargile (216) 642-0585

Columbus (513) 860-0480 Kristen Wesley David O'Reilly Kim Cargile (866) 896-0480

Dallas (972) 386-4700 Holly Tripp Robert Allen, Royal Pratt Bobby Elliott (972) 419-5713

Denver (303) 220-5565 Julie von Clausburg Greg Downs, Chris Simmons Theresa Hibbard (303) 281-8063

Detroit (248) 357-4050 Michael Stadler John Strabel Nancy Shedlock (248) 357-4050

Florida (813) 884-6161 Ben Wallert Amy Curry Brenda Lamer (813) 884-6161

Fort Worth (972) 386-4700 Holly Tripp Robert Allen, Royal Pratt Bobby Elliott (972) 419-5713

Harrisburg (610) 594-9700 Shannon Georgeff Jeff Thomas Diane Allen (717) 525-2269

Houston (713) 681-0885 Tim Sawyer Royal Pratt Nielle Summers (281) 812-0015

Indianapolis (317) 351-9330 Melissa Godwin Mary Sullivan Debbie Higinbotham (317) 309-0550

Milwaukee (312) 344-4300 Cynthia Vargas Adam Moore Claire Ball (847) 233-0050

Minneapolis (952) 943-2700 Jeff Tuchtenhagen Chris Willson Christie Hladky (800) 483-0058

Nashville (314) 426-2111 Beth Daniels John Wright Anne Keusemann (314) 426-2111

New Jersey (973) 227-6600 Heather Becker Richard Vanderbeck Rosemary Hall (800) 374-9033

Philadelphia (610) 594-9700 Shannon Georgeff Jeff Thomas Diane Allen (610) 842-9095

Phoenix (480) 483-0360 Nicholaus Fischer Kevin Czerwinski Nicholaus Fischer (602) 316-3754

Salt Lake City (303) 220-5565 Charisse Inglet Greg Downs Theresa Hibbard (801) 574-0722

Seattle (310) 414-5400 Jeff Evans Ryan McClean Linda Bauer (714) 403-5493

St. Louis (314) 426-2111 Beth Daniels John Wright Anne Keusemann (314) 426-2111

Toronto (248) 357-4050 Michael Stadler John Strabel Nancy Shedlock (248) 357-4050

CONTACT NUMBERS First Industrial TENANT NEWSLETTER

1Q

volume 8 issue 1 1q 2012 first industrial realty trust ... · volume 8 issue 1 1q 2012 first...

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