First Industrial calls all remaining 7 3/8% notes due 2011 at 105.97

By Marisa Wong

Milwaukee, March 29 - First Industrial Realty Trust, Inc. announced that its operating partnership, First Industrial, LP, will redeem all of its outstanding 7 3/8% Notes due 2011, totaling about $70.8 million, on April 26.

The notes will be redeemed at a redemption price of 105.97 plus accrued interest from March 15 up to the redemption date, or an aggregate redemption price of $75.6 million.

US Bank is the trustee and agent.

Based in Chicago, First Industrial manages, leases, buys, develops and sells industrial properties.

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