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CHICAGO-At it annual investor meeting Thursday, representativeswith Industrial REIT First Industrial Realty Trust Inc. said thecompany is expecting next year's investment volume to range from$750 million to $850 million with an 8% to 9% average cap rate. Inregard to sales, company reps are predicting that number to beapproximately $850 million to $950 million with a 7% to 8% averagecap rate.
"Development will be an increasingly important part of FirstIndustrial's investment strategy as rising international trade,supply chain reconfigurations and demographic trends drive demandfor industrial space in hub markets, inland ports and sea ports,"commented Mike Brennan, president and CEO.
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