September 30, 2009 (FinancialWire) — First Industrial Realty Trust, Inc. (NYSE: FR) plans to offer 12.5 million shares of common stock in a registered public offering. J.P. Morgan Securities (NYSE: JPM) is acting as the sole bookrunner.

The company also plans to grant to the underwriters for the public offering a 30-day option to purchase up to an additional 1.875 million shares to cover over-allotments.

First Industrial plans to use the net proceeds for general corporate purposes, which may include the repayment or repurchases of indebtedness. Pending such use, the proceeds are planned to be used to reduce the outstanding balance on the company’s unsecured line of credit.

Chicago-based First Industrial Realty Trust manages, leases, buys, develops, and sells industrial properties, including bulk and regional distribution centers, light industrial, manufacturing, and R&D and flex.

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