Saturday, October 29, 2005

Rockwell Automation Agrees to $150 Million Sale Leaseback

PRNewswire-FirstCall - Chicago - October 26, 2005

First Industrial Realty Trust, Inc. (NYSE: FR) announced that it has entered into a sale-leaseback transaction with Rockwell Automation, Inc. In the transaction, First Industrial will acquire and lease back to Rockwell approximately 24 properties in 17 states. The transaction is expected to close in fourth quarter 2005. First Industrial expects to purchase the properties from Rockwell Automation for approximately $150 million. The lease terms for the properties range from five to fifteen years. Sphere: Related Content

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