FIRST INDUSTRIAL REALTY TRUST BUYS 205,000-SQUARE-FOOT INDUSTRIAL BUILDING

VERNON, CALIF. — First Industrial Realty Trust has acquired a 205,000-square-foot industrial facility located at 6250 Boyle in Vernon. Situated within the Central Los Angeles submarket, the property features access to interstates as well as two railroad intermodal yards. First Industrial acquired the building through its Development and Repositioning Joint Venture (FirstCal 1) with the California State Teachers’ Retirement System. First Industrial plans to reposition the unoccupied portion of the building to accommodate a single-tenant or multiple users. The acquisition price was not disclosed.