PROSPECTUS SUPPLEMENT NO. 1
                                         (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 175 units to
          Northwestern Universiy;

     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 175 units to The
          UCLA Foundation-- The Anderson 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 190 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 650 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


                                      -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 650 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 Number of shares Name before the offering offered hereby - ---- -------------------------------------- --------------- The Henry D. & Terri D. Bullock Trust U/A/D 8/28/92, Henry D. & Terri D. Bullock as Trustees 81,235 4,176(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 5,220 3,320(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 5,220 3,320(4) The UCLA Foundation -- The Anderson School 215 215(4) Northwestern University 215 215(4) Muskingum College 90 90(4) Menlo Park Presbyterian Church 900 900(4) Foundation for Advanced Christian Training (FACT) 190 190(4) Menlo School 450 450(4) Women at the Well 190 190(4)
The date of this prospectus supplement is November 20, 2000.