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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Commission File Number 333-21873
Date of Report (date of earliest event reported): DECEMBER 29, 2000
FIRST INDUSTRIAL, L.P.
(Exact name of Registrant as specified in its Charter)
DELAWARE 36-3924586
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
311 S. WACKER DRIVE, SUITE 4000, CHICAGO, ILLINOIS 60606
(Address of principal executive offices)
(312) 344-4300
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
First Industrial, L.P. (the "Operating Partnership"), several limited
liability companies in which the Operating Partnership is their sole member, and
FR Development Services, Inc., in which the Operating Partnership owns a 95%
economic interest (the "Consolidated Operating Partnership"), acquired 80
industrial properties from unrelated parties during the period January 1, 2000
through December 29, 2000. Partnerships in which the Operating Partnership owns
at least a 99% limited partnership interest (the "Other Real Estate
Partnerships") purchased one industrial property from an unrelated party during
the period January 1, 2000 through December 29, 2000. The combined purchase
price of the 80 industrial properties acquired by the Consolidated Operating
Partnership totaled approximately $255.7 million, excluding closing costs
incurred in conjunction with the acquisition of the industrial properties. The
purchase price of the one industrial property acquired by the Other Real Estate
Partnerships was approximately $6.3 million, excluding closing costs incurred in
conjunction with the acquisition of the industrial property. The 80 industrial
properties acquired by the Consolidated Operating Partnership and the one
industrial property acquired by the Other Real Estate Partnerships are described
below and were funded with proceeds from property sales, borrowings under the
Operating Partnership's $300 million unsecured revolving credit facility,
general partner and limited partner contributions or working capital. The
Consolidated Operating Partnership and the Other Real Estate Partnerships will
operate the facilities as industrial rental property.
PROPERTIES ACQUIRED BY THE CONSOLIDATED OPERATING PARTNERSHIP AND THE OTHER REAL
ESTATE PARTNERSHIPS:
- On January 12, 2000, the Consolidated Operating Partnership purchased two
research and development/flex properties and one light industrial property
totaling 144,514 square feet, in the aggregate, located in the metropolitan
area of Houston, Texas. The aggregate purchase price for these properties
was approximately $6.6 million. The properties were purchased from Fidelity
National 1031 Exchange Services, Inc., a California corporation,
Intermediary under exchange, No. Ex-02-5254 for Carson Dominguez.
- On January 27, 2000, the Consolidated Operating Partnership purchased three
bulk warehouse properties totaling 339,050 square feet, in the aggregate,
located in the metropolitan area of Nashville, Tennessee. The aggregate
purchase price for these properties was approximately $6.8 million. The
properties were purchased from Ozburn-Hessey Co., a Tennessee corporation.
- On January 27, 2000, the Consolidated Operating Partnership purchased a
79,329 square foot regional warehouse property located in the metropolitan
area of Moorestown, New Jersey. The purchase price for the property was
approximately $3.4 million. The property was purchased from Michael Cassano
& Sons, a New Jersey general partnership.
- On February 25, 2000, the Other Real Estate Partnerships purchased a
214,320 square foot bulk warehouse property located in the metropolitan
area of Philadelphia, Pennsylvania. The purchase price for the property was
approximately $6.3 million. The property was purchased from Madonna
Management Company, Inc, a Delaware Corporation.
- On March 31, 2000, the Consolidated Operating Partnership purchased a
130,949 square foot bulk warehouse property located in the metropolitan
area of Dallas, Texas. The purchase price for the property was
approximately $3.1 million. The property was purchased from ProLogis Trust.
- On April 18, 2000, the Consolidated Operating Partnership purchased a
38,668 square foot light industrial property located in the metropolitan
area of Harrisburg, Pennsylvania. The purchase price for the property was
approximately $1.0 million. The property was purchased from Penn Appliance
Distributors, Inc.
- On April 25, 2000, the Consolidated Operating Partnership purchased a
251,850 square foot bulk warehouse property located in the metropolitan
area of Dallas, Texas. The purchase price for the property was
approximately $5.5 million. The property was purchased from TriNet
Corporate Partners II, L.P.
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- On June 30, 2000, the Consolidated Operating Partnership purchased eight
regional warehouse properties, five research and development/flex
properties and five bulk warehouse properties totaling 1,303,317 square
feet, in the aggregate, located in the metropolitan area of Dallas, Texas.
The aggregate purchase price for these properties was approximately $44.3
million. The properties were purchased from Kancro, L.P, a Delaware limited
partnership.
- On September 6, 2000, the Consolidated Operating Partnership purchased
three light industrial properties totaling 69,592 square feet, in the
aggregate, located in the metropolitan area of Los Angeles, California. The
aggregate purchase price for these properties was approximately $4.3
million. The properties were purchased from Voit Cal Ptrs I & III, LLC, a
California limited liability company.
- On September 20, 2000, the Consolidated Operating Partnership purchased two
light industrial properties totaling 30,157 square feet, in the aggregate,
located in the metropolitan area of Los Angeles, California. The aggregate
purchase price for these properties was approximately $1.7 million. The
properties were purchased from Bixby Land Company.
- On September 28, 2000, the Consolidated Operating Partnership purchased
five light industrial properties, four research and development/flex
properties and three bulk warehouse properties totaling 1,257,143 square
feet, in the aggregate, located in the metropolitan area of Pine Brook, New
Jersey. The aggregate purchase price for these properties was approximately
$82.0 million. The properties were purchased from CalEast Industrial
Investors, LLC, a California limited liability company, its duly authorized
agent, and LaSalle Investment Management, Inc., a Maryland Corporation, its
member.
- On December 5, 2000, the Consolidated Operating Partnership purchased three
light industrial properties totaling 125,298 square feet, in the aggregate,
located in the metropolitan area of Baltimore, Maryland. The aggregate
purchase price for these properties was approximately $6.7 million. The
properties were purchased from Alcalde Realty Partners, LLC.
- On December 14, 2000, the Consolidated Operating Partnership purchased six
research and development/flex properties totaling 179,494 square feet, in
the aggregate, located in the metropolitan area of Tampa, Florida. The
aggregate purchase price for these properties was approximately $10.9
million. The properties were purchased from Connecticut General Life
Insurance Company, a specifically chartered Connecticut corporation.
- On December 18, 2000, the Consolidated Operating Partnership purchased 13
light industrial properties, two regional warehouse properties, two
research and development/flex properties and one bulk warehouse property
totaling 1,218,800 square feet, in the aggregate, located in the
metropolitan area of Chicago, Illinois. The aggregate purchase price for
these properties was approximately $52.6 million. The properties were
purchased from OTR, an Ohio general partnership.
- On December 29, 2000, the Consolidated Operating Partnership purchased one
light industrial property and one research and development/flex property
totaling 234,683 square feet, in the aggregate, located in the metropolitan
area of Denver, Colorado. The aggregate purchase price for these properties
was approximately $16.8 million. The properties were purchased from
Principal Life Insurance Company.
- On December 29, 2000, the Consolidated Operating Partnership purchased four
light industrial properties and two regional warehouse properties totaling
208,197 square feet, in the aggregate, located in the metropolitan area of
Detroit, Michigan. The aggregate purchase price for these properties was
approximately $10.0 million. The properties were purchased from the
Prudential Insurance Company of America, a New Jersey corporation.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) Financial Statements:
At this time it is impracticable to file the required financial
statements and pro forma financial information. The required
financial statements and pro forma financial information will be
filed in an amendment to this report on Form 8-K as soon as
possible, but no later than sixty (60) days from the date on which
this report on Form 8-K is required to be filed.
(c) Exhibits.
None.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1933,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
FIRST INDUSTRIAL, L.P.
BY: FIRST INDUSTRIAL REALTY TRUST, INC.
January 12, 2001 By: /s/ Michael J. Havala
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Michael J. Havala
Chief Financial Officer
(Principal Financial and Accounting Officer)
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