Business Details
32 Years
experience
Trusted Industrial Real Estate Solutions Nationwide
First Industrial Realty Trust has been a leader in industrial real estate since 1994, owning, operating, and developing millions of square feet of logistics properties across the United States. Our local presence in top industrial markets enables us to deliver tailored solutions for Fortune 500 companies and small businesses alike. With a team averaging over 20 years of real estate experience, we specialize in leasing, property management, development, and acquisitions, prioritizing speed, service, and responsiveness.Our 2-Hour Rule ensures rapid communication, while regular customer feedback drives continuous improvement. Backed by a track record of on-time, on-budget project delivery, we focus on building long-term partnerships through transparency and operational excellence.
Services
Leasing
Property Management
Development
Acquisition
Build-to-Suit
Details
- Year established: 1994
Highlights and features
- We offer over 30 years of industrial real estate expertise across the U.S.
- Our 2-Hour Rule ensures rapid response to customer inquiries.
- We deliver build-to-suit projects on time and on budget.
- Our team maintains LEED-certified sustainable development practices.
- We provide localized market knowledge in top industrial hubs nationwide.
Associations and certifications
- LEED
What people say
On-time delivery
Responsive team
Sustainable practices
Market expertise
Long-term partnerships
Services
Industrial Leasing
We offer flexible leasing options for distribution centers and logistics facilities across top U.S. markets. Our portfolio includes move-in ready spaces ranging from regional warehouses to bulk distribution centers. With 40 million square feet under management, we provide tailored solutions for Fortune 500 companies and growing businesses needing strategic supply chain locations.
Property Development
Our development team delivers customized logistics facilities near major transportation hubs. Specializing in on-time, on-budget projects, we incorporate energy-efficient features and 30-foot clear heights. Recent projects include a 1.4 million square-foot facility in Southern California completed in 2025 for a leading e-commerce tenant.
Acquisition Services
We identify and acquire high-quality industrial properties that meet investor and user requirements. Our acquisition strategy focuses on well-located assets with redevelopment potential in growth markets. In 2024, we completed $1.2 billion in transactions, including portfolio acquisitions and single-asset purchases.
Sustainable Solutions
Our sustainability program integrates LEED-certified construction, LED lighting, and water conservation systems. We maintain a 100% LED lighting standard in new developments and employ stormwater management practices. Our Chicago headquarters at 1 North Wacker Drive holds LEED Gold certification as part of our environmental commitment.
Portfolio Management
We provide comprehensive management for industrial real estate portfolios through localized teams. Services include tenant relations, facility maintenance, and performance optimization. Our High Occupancy Optimization Plan (HOOPs) ensures properties remain competitive through targeted improvements and market-responsive upgrades.
People
Peter E. Baccile
President and CEO
Peter Baccile leads First Industrial with 30+ years of real estate and financial expertise. Prior to joining in 2016, he held senior roles at UBS and J.P. Morgan, managing $250+ billion in transactions. He holds an MBA from Duke University and a BS from Cornell.
Johannson Yap
Chief Investment Officer
Johannson Yap directs investment strategy with 25+ years of industrial real estate experience. He oversees $15+ billion in transactions and manages the West Region portfolio. Yap holds dual MBAs from the University of Illinois and serves on real estate advisory boards.
Scott Musil
Chief Financial Officer
Scott Musil leads financial operations with 25+ years in real estate finance. He previously worked at Arthur Andersen and holds a CPA license. Musil earned a BS in accounting from DePaul University and an MBA from the University of Chicago.
John Hanlon
Executive Director
John Hanlon manages Northeast region investments with 30+ years of commercial real estate experience. He previously led acquisition teams at Prologis and Cornerstone Real Estate Funds. Hanlon holds an MBA from NYU Stern School of Business.
Sumit Sharma
SVP of Sustainability
Sumit Sharma leads sustainability initiatives and real estate analytics. He previously served as Head of Strategy at Duke Realty and equity analyst at Morgan Stanley. Sharma holds an MBA from Columbia University and a B.Tech from IIT Delhi.
Questions
What industrial real estate services do you offer?
We provide leasing, property management, development, acquisition, and build-to-suit solutions for logistics properties nationwide.
How quickly do you respond to service requests?
Our 2-Hour Rule ensures all inquiries receive a response within two hours during business hours.
Are your properties LEED-certified?
All new developments participate in our LEED volume program, with 6.3 million square feet certified as of March 2025.
How do you ensure property maintenance quality?
Our High Occupancy Optimization Plan (HOOPs) maintains facilities to meet evolving customer needs.
Can you develop custom logistics facilities?
Yes, we specialize in build-to-suit developments near major population centers and industrial hubs.
What markets do you operate in?
We serve 15+ major U.S. industrial markets from Atlanta to Northern California.
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