First Industrial Realty Trust, Inc. (NYSE: FR), a leading owner, operator and developer of industrial real estate, today announced that it has signed long-term lease agreements for two recently completed developments.
First Industrial leased the 708,000 square-foot First Logistics Center @ I-83 in York, PA to a leading multinational corporation. The lease has a start date of September 15, 2014.
The Company also recently signed a lease for its 43,485 square-foot First Figueroa Logistics Center in the South Bay submarket of Los Angeles. The facility is leased to a regional events company and the start date is June 1, 2014.
“Targeted development is central to our long-term investment strategy as we can leverage the strengths of our platform and talented team to enhance our portfolio,” said Bruce Duncan, president and CEO. “We are pleased to lease these high-quality facilities that meet our tenants’ long-term real estate needs while contributing to our cash flow growth.”