Filed pursuant to Rule 424(b)(3)
                                            Registration Statement No. 333-21887





                           PROSPECTUS SUPPLEMENT NO. 1
                     (to prospectus dated February 6, 1998)


                                3,471,356 Shares
                       First Industrial Realty Trust, Inc.
                                  Common Stock


     This prospectus supplement supplements information contained in the
"Selling Stockholders" section of the prospectus dated February 6, 1998 relating
to the potential offer and sale from time to time of up to 3,471,356 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 February 6, 1998, including
any supplements or amendments to such prospectus.

     The table below reflects the following transactions:

     o    the transfer by Ethel Road Associates, which is no longer a Selling
          Stockholder, of an aggregate of 29,511 units to the following persons
          or entities in the amounts listed opposite their names:

               --------------------------------------------
               H.P. Family Group, L.L.C.       7,295
               --------------------------------------------
               L.P. Family Group, L.L.C.       7,295
               --------------------------------------------
               H.L. Investors, L.L.C.          1,417
               --------------------------------------------
               Debbie Schneeman                334
               --------------------------------------------
               Susan Lebow                     334
               --------------------------------------------
               Francis Pomar                   8,338
               --------------------------------------------
               Frank Harvey                    2,501
               --------------------------------------------
               PeeGee, L.P.                    1,997
               --------------------------------------------


     o    the transfer by Jayeff Associates Limited Partnership, which is no
          longer a Selling Stockholder, of an aggregate of 16,249 units to the
          following persons or entities in the amounts listed opposite their
          names:

               --------------------------------------------
               H.P. Family Group, L.L.C.       4,270
               --------------------------------------------
               L.P. Family Group, L.L.C.       3,564
               --------------------------------------------
               H.L. Investors, L.L.C.          71
               --------------------------------------------
               Debbie Schneeman                406
               --------------------------------------------
               Susan Lebow                     406
               --------------------------------------------
               R.E.A. Associates Limited       4,712
               Partnership
               --------------------------------------------
               PeeGee, L.P.                    2,820
               --------------------------------------------




-2- o the transfer by Montrose Kennedy Associates, which is no longer a Selling Stockholder, of an aggregate of 4,874 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 2,072 -------------------------------------------- L.P. Family Group, L.L.C. 2,071 -------------------------------------------- J.P. Trusts, L.L.C. 426 -------------------------------------------- H.L. Investors, L.L.C. 305 -------------------------------------------- o the transfer by R.C.P. Associates, which is no longer a Selling Stockholder, of an aggregate of 3,060 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 510 -------------------------------------------- L.P. Family Group, L.L.C. 510 -------------------------------------------- R.E.A. Associates Limited 2,040 Partnership -------------------------------------------- o the transfer by South Gold Company, which is no longer a Selling Stockholder, of an aggregate of 53,000 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 19,772 -------------------------------------------- L.P. Family Group, L.L.C. 21,462 -------------------------------------------- J.P. Trusts, L.L.C. 10,730 -------------------------------------------- Ernestine Burstyn 1,036 -------------------------------------------- o the transfer by South Broad Company, which is no longer a Selling Stockholder, of an aggregate of 72,421 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 28,968 -------------------------------------------- L.P. Family Group, L.L.C. 28,969 -------------------------------------------- J.P. Trusts, L.L.C. 14,484 -------------------------------------------- o the transfer by Suburban Roseland Associates Limited Partnership, which is no longer a Selling Stockholder, of an aggregate of 3,002 units to the following persons or entities in the amounts listed opposite their names:

-3- -------------------------------------------- H.P. Family Group, L.L.C. 500 -------------------------------------------- L.P. Family Group, L.L.C. 500 -------------------------------------------- R.E.A. Associates Limited 2,002 Partnership -------------------------------------------- o the transfer by Van Brunt Associates Limited Partnership, which is no longer a Selling Stockholder, of an aggregate of 39,370 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 10,879 -------------------------------------------- L.P. Family Group, L.L.C. 10,877 -------------------------------------------- Roslyn Greenburg 1992 Trust 2,250 -------------------------------------------- Andrew Holder 97 -------------------------------------------- Aaron Leifer 4,801 -------------------------------------------- Henry J. Satsky 2,401 -------------------------------------------- Jack Kindler 1,440 -------------------------------------------- Joseph C. Kaltenbacher Credit 1,440 Shelter Trust -------------------------------------------- Lawrence Peters 960 -------------------------------------------- Peter Polow 480 -------------------------------------------- P&D Partners, L.P. 1,440 -------------------------------------------- Ruth Holder 2,305 -------------------------------------------- o the transfer by The Worlds Fair 25 Associates, which is no longer a Selling Stockholder, of an aggregate of 13,677 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 5,813 -------------------------------------------- L.P. Family Group, L.L.C. 5,813 -------------------------------------------- J.P. Trusts, L.L.C. 1,196 -------------------------------------------- H.L. Investors, L.L.C. 855 -------------------------------------------- o the transfer by Worlds Fair III Associates, which is no longer a Selling Stockholder, of an aggregate of 14,094 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 2,636 -------------------------------------------- L.P. Family Group, L.L.C. 2,627 --------------------------------------------

-4- J.P. Trusts, L.L.C. 1,382 -------------------------------------------- H.L. Investors, L.L.C. 461 -------------------------------------------- Martin Goodstein 922 -------------------------------------------- Mitchell Sussman 410 -------------------------------------------- Sarah Katz 307 -------------------------------------------- Estate of Dorothy Sollar 307 -------------------------------------------- Barbara Lusen 307 -------------------------------------------- Arthur Kligman 307 -------------------------------------------- Henry J. Satsky 307 -------------------------------------------- Magdalena G. Castleman 307 -------------------------------------------- Jerry Hymowitz 307 -------------------------------------------- Sanders H. Acker 307 -------------------------------------------- The Arel Company 307 -------------------------------------------- Stanley and Florence 307 Greenberg (joint tenants) -------------------------------------------- Ruth Holder 307 -------------------------------------------- Alvin and Helen Brown (joint 307 tenants) -------------------------------------------- Norma A. Schulze 307 -------------------------------------------- Abe and Constance Punia 307 (joint tenants) -------------------------------------------- Carol Feuerstein Kaufman 166 -------------------------------------------- Seymour D. Reich 154 -------------------------------------------- Spencer and Company 154 -------------------------------------------- Karen L. Hymowitz 154 -------------------------------------------- Kerry Acker 154 -------------------------------------------- R.E.A. Associates Limited 154 Partnership -------------------------------------------- Rowena Finke 154 -------------------------------------------- Peter Polow 77 -------------------------------------------- Emil Billich 77 -------------------------------------------- Victor Strauss 77 -------------------------------------------- Richard Rapp 23 -------------------------------------------- Nancy Gabel 14 -------------------------------------------- o the transfer by Worlds Fair Associates, which is no longer a Selling Stockholder, of an aggregate of 6,134 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 2,480 -------------------------------------------- L.P. Family Group, L.L.C. 2,480 -------------------------------------------- J.P. Trusts, L.L.C. 791 -------------------------------------------- H.L. Investors, L.L.C. 383 --------------------------------------------

-5- o the transfer by The Worlds Fair Office Associates, which is no longer a Selling Stockholder, of an aggregate of 3,343 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 1,421 -------------------------------------------- L.P. Family Group, L.L.C. 1,421 -------------------------------------------- J.P. Trusts, L.L.C. 292 -------------------------------------------- H.L. Investors, L.L.C. 209 -------------------------------------------- o the transfer by The Worlds Fair V Associates, which is no longer a Selling Stockholder, of an aggregate of 3,340 units to the following persons or entities in the amounts listed opposite their names: -------------------------------------------- H.P. Family Group, L.L.C. 1,419 -------------------------------------------- L.P. Family Group, L.L.C. 1,420 -------------------------------------------- J.P. Trusts, L.L.C. 292 -------------------------------------------- H.L. Investors, L.L.C. 209 -------------------------------------------- o the transfer by Abe and Constance Punia (joint tenants) of 307 units to Abraham Punia. o the transfer by Fourbour Family Co. L.P. of 32,000 units to WSW 1998 Exchange Fund LP. o the transfer by LGR Investment Fund, which is no longer a Selling Stockholder, of 22,556 units to Reger Investment Fund Ltd. Number of shares and units owned Number of shares Name before the offering offered hereby - ---- -------------------------------------- --------------- H.P. Family Group, L.L.C. 103,734 88,035 (4)(5)(6)(7)(8) L.P. Family Group, L.L.C. 102,249 89,009 (4)(5)(6)(7)(8) J.P. Trusts, L.L.C. 35,957 29,593 (4)(5)(6)(7) H.L. Investors, L.L.C. 4,000 3,910 (4)(6)(7) Martin Goodstein 922 922 (7) Mitchell Sussman 410 410 (7) Sarah Katz 307 307 (7) Estate of Dorothy Sollar 307 307 (7) Barbara Lusen 307 307 (7) Arthur Kligman 307 307 (7) Henry J. Satsky 2,708 2,708 (7)(8)

-6- Magdalena G. Castleman 307 307 (7) Jerry Hymowitz 307 307 (7) Sanders H. Acker 307 307 (7) The Arel Company 307 307 (7) Stanley and Florence Greenberg (joint 307 307 (7) tenants) Ruth Holder 2,612 2,612 (7)(8) Alvin and Helen Brown (joint tenants) 307 307 (7) Norma A. Schulze 307 307 (7) Abraham Punia 307 307 (7) Carol Feuerstein Kaufman 166 166 (7) Seymour D. Reich 154 154 (7) Spencer and Company 154 154 (7) Karen L. Hymowitz 154 154 (7) Kerry Acker 154 154 (7) R.E.A. Associates Limited Partnership 8,908 8,908 (4)(7) Rowena Finke 154 154 (7) Peter Polow 557 557 (7)(8) Emil Billich 77 77 (7) Victor Strauss 77 77 (7) Richard Rapp 23 23 (7) Nancy Gabel 14 14 (7) Roslyn Greenburg 1992 Trust 2,250 2,250 (8) Andrew Holder 97 97 (8) Aaron Leifer 4,801 4,801 (8) Jack Kindler 1,440 1,440 (8) Joseph C. Kaltenbacher Credit Shelter 1,440 1,440 (8) Trust Lawrence Peters 960 960 (8) P&D Partners, L.P. 1,440 1,440 (8) Ernestine Burstyn 5,007 1,036 (7) Debbie Schneeman 740 740 (4) Susan Lebow 740 740 (4) Francis Pomar 8,338 8,338 (4) Frank Harvey 2,501 2,501 (4) PeeGee, L.P. 4,817 4,817 (4) Fourbur Family Co. L.P. 588,273 588,273 (1) WSW 1998 Exchange Fund LP. 32,000 32,000 (1) Reger Investment Fund Ltd. 22,556 22,556 (19) The date of this prospectus supplement is June 15, 2001.