First Industrial Realty Trust Prices Shares in Public Offering

First Industrial Realty Trust shares were down nearly 2% in pre-market trade after the integrated owner and operator of industrial real estate said Tuesday that it has priced its underwritten public offering of nearly 2.6 million shares of its common stock.

First Industrial will receive approximately $76 million of gross proceeds, suggesting a price per share of approximately $29.69 each. The company will use the proceeds for general corporate purposes, which may include development and/or acquisition of properties and repayments of debt.

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