Filed pursuant to Rule 424(b)(3)
                                            Registration Statement No. 333-38850


                           PROSPECTUS SUPPLEMENT NO. 3
                     (to prospectus dated September 8, 2000)


                                 242,876 Shares
                       First Industrial Realty Trust, Inc.
                                  Common Stock


     This prospectus supplement supplements information contained in the
"Selling Stockholders" section of the prospectus dated September 8, 2000
relating to the potential offer and sale from time to time of up to 242,876
shares of common stock of First Industrial Realty Trust, Inc. by the selling
stockholders. This prospectus supplement is not complete without, and may not be
delivered or used except in connection with, the prospectus dated September 8,
2000, including any supplements or amendments to such prospectus.

     The table below reflects the following transactions:

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 500 units to Menlo
          Park Presbyterian Church;

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 100 units to
          Foundation for Advanced Christian Training (FACT);

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 170 units to
          Northwestern University;

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 50 units to
          Muskingum College;

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 100 units to Menlo
          School;

     o    the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92,
          Henry D. Bullock & Terri D. Bullock as Trustees, of 170 units to The
          UCLA Foundation;


-2- o the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92, Henry D. Bullock & Terri D. Bullock as Trustees, of 100 units to Women at the Well; o the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92, Henry D. Bullock & Terri D. Bullock as Trustees, of 50 units to Eastside College Preparatory School; o the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92, Henry D. Bullock & Terri D. Bullock as Trustees, of 550 units to The Bullock Childrens Education Trust U/A/D 12/20/94 F/B/O Benjamin Dure Bullock, Henry D. & Terri D. Bullock & Richard J. Holmstrom as Trustees; and o the transfer by The Henry D. and Terri D. Bullock Trust U/A/D 8/28/92, Henry D. Bullock & Terri D. Bullock as Trustees, of 550 units to The Bullock Childrens Education Trust U/A/D 12/20/94 F/B/O Christine Laurel Bullock, Henry D. & Terri D. Bullock & Richard J. Holmstrom as Trustees. Number of shares and units owned before Number of shares Name the offering offered hereby - ---- --------------- --------------- The Henry D. & Terri D. Bullock Trust U/A/D 8/28/92, Henry D. & Terri D. Bullock as Trustees 78,895 1,836(4) The Bullock Childrens Education Trust U/A/D 12/20/94 F/B/O Benjamin Dure Bullock, Henry D. & Terri D. Bullock & Richard J. Holmstrom as Trustees 5,770 3,870(4) The Bullock Childrens Education Trust U/A/D 12/20/94 F/B/O Christine Laurel Bullock, Henry D. & Terri D. Bullock & Richard J. Holmstrom as Trustees 5,770 3,870(4) The UCLA Foundation 170 170(4)

-3- Northwestern University 170 170(4) Muskingum College 50 50(4) Menlo Park Presbyterian Church 500 500(4) Foundation for Advanced Christian Training (FACT) 100 100(4) Menlo School 100 100(4) Women at the Well 100 100(4) Eastside College Preparatory School 50 50(4) The date of this prospectus supplement is December 5, 2001.