Unsecured Term Loan Agreement

Exhibit 10.3

THIRD AMENDMENT TO
AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.

     As of the 31st day of October, 2005, the undersigned, being the sole general partner of First Industrial, L.P. (the “Partnership”), a limited partnership formed under the Delaware Revised Uniform Limited Partnership Act and pursuant to the terms of that certain Eighth Amended and Restated Limited Partnership Agreement, dated June 2, 2004, as amended by that certain First Amendment to Eighth Amended and Restated Limited Partnership Agreement, dated March 4, 2005, and further amended by that certain Second Amendment to Eighth Amended and Restated Limited Partnership Agreement, dated July 22, 2005 (collectively, the “Partnership Agreement”), does hereby further amend the Partnership Agreement as follows:

     Capitalized terms used but not defined in this Third Amendment shall have the same meanings that are respectively ascribed to them in the Partnership Agreement.

     1. Additional Limited Partners. The Persons identified on Schedule 1 hereto are hereby admitted to the Partnership as Additional Limited Partners owning the number of Units and having made the Capital Contributions set forth on such Schedule 1. Such Persons hereby adopt the Partnership Agreement.

     2. Schedule of Partners. Exhibit 1B to the Partnership Agreement is hereby deleted in its entirety and replaced by Exhibit 1B hereto which identifies all of the Partners following consummation of the transactions referred to in Section 1 hereof.

     3. Ratification. Except as expressly modified by this Third Amendment, all of the provisions of the Partnership Agreement are hereby affirmed and ratified, and remain in full force and effect.

     IN WITNESS WHEREOF, the undersigned has executed this Third Amendment as of the date first written above.

		FIRST INDUSTRIAL REALTY TRUST, INC., as sole general partner of the Partnership
		By:		/s/ David Harker
		Name:		David Harker
		Title:		Executive Director — Investments

Schedule 1

Additional
Limited Partners		Number of Units				Capital Contribution
Mark X. DiSanto			14,844			$	585,760.83
John M. DiSanto			14,844			$	585,760.83

EXHIBIT 1B
Schedule of Partners

General Partner		Number of Units
First Industrial Realty Trust, Inc.			30,892,739

Limited Partners		Number of Units
Kerry Acker			154
Sanders H. Acker			307
Daniel R. Andrew, Trustee of the Daniel R. Andrew Trust U/A 12-29-92			137,489
Charles T. Andrews			754
The Arel Company			307
Arnold Y. Aronoff			7,955
Daniel J. Aronoff			2,809
Lynn E. Aronoff			2,690
William J. Atkins			5,691
E. Donald Bafford			3,374
William Baloh			8,731
Thomas K. Barad & Jill E. Barad, Co-Trustees of the Thomas K. Barad & Jill E. Barad Trust DTD 10-18-89			2,283
Enid Barden, Trustee of the Enid Barden Trust dated June 28, 1995			56,082
Enid Barden, Trustee of the Enid Barden Trust dated June 28, 1996			23,088
Emil Billich			77

Limited Partners		Number of Units
Don N. Blurton & Patricia H. Blurton, Trustees U/A DTD 11-96 Blurton 1996 Revocable Family Trust			598
Harriet Bonn, Trustee U/A DTD 3/5/97 FBO the Harriet Bonn Revocable Living Trust			24,804
Michael W. Brennan			3,806
Helen Brown			307
Merrill Lynch, attn Cliff Kelly, account #27G-38295			4,620
Merrill Lynch, attn Cliff Kelly, account #27G-38294			4,620
Edward Burger			9,261
Barbara Lee O’Brien Burke			666
Ernestine Burstyn			5,007
Calamer Inc.			1,233
Perry C. Caplan			1,388
Carew Corporation			13,650
The Carol and James Collins Foundation			100,000
Magdalena G. Castleman			307
Cliffwood Development Company			64,823
Kelly Collins			11,116
Michael Collins			17,369
Charles S. Cook and Shelby H. Cook, tenants in the entirety			634
Cotswold Properties			34,939

Limited Partners		Number of Units
Caroline Atkins Coutret			5,845
David Cleborne Crow			5,159
Gretchen Smith Crow			2,602
Michael G. Damone, Trustee of the Michael G. Damone Trust U/A 11-4-69			144,296
Robert L. Denton			6,286
Henry E. Dietz Trust U/A 01-16-81			36,476
John M. DiSanto			14,844
Mark X. DiSanto			14,844
Steven Dizio & Helen Dizio, joint tenants			12,358
Nancy L. Doane			2,429
W. Allen Doane			1,987
Timothy Donohue			100
Darwin B. Dosch			1,388
Charles F. Downs			1,508
Draizin Family Partnership L.P.			357,896
Milton H. Dresner, Trustee of the Milton Dresner Revocable Trust U/A 10-22-76			149,531
Joseph Dresner			149,531
James O’Neil Duffy, Jr.			513
Martin Eglow			330
Rand H. Falbaum			17,022
Patricia O’Brien Ferrell			666
Rowena Finke			154

Limited Partners		Number of Units
First & Broadway Limited Partnership			18,203
Fourbur Family Co., L.P., a New York limited partnership			588,273
Frances Shankman Insurance Trust, Frances Shankman Trustee			16,540
Ester Fried			3,177
Jack Friedman, Trustee of the Jack Friedman Revocable Living Trust U/A 03/23/78			26,005
Robert L. Friedman			28,500
Nancy Gabel			14
J. Peter Gaffney			727
Gerlach Family Trust, dated 6/28/85, Stanley & Linda Gerlach Trustees			874
Martin Goodstein			922
Dennis G. Goodwin and Jeannie L. Goodwin, tenants in the entirety			6,166
Jeffrey L. Greenberg			330
Stanley Greenberg & Florence Greenberg, joint tenants			307
Thelma C. Gretzinger Trust			450
Stanley Gruber			30,032
Melissa C. Gudim			24,028
H. L. Investors LLC			4,000
H. P. Family Group LLC			103,734
H/Airport GP Inc.			1,433

Limited Partners		Number of Units
Clay Hamlin & Lynn Hamlin, joint tenants			15,159
Turner Harshaw			1,132
Edwin Hession & Cathleen Hession, joint tenants			11,116
Highland Associates Limited Partnership			69,039
Andrew Holder			97
Ruth Holder			2,612
Robert W. Holman, Jr. Homan Family Trust			1,048
Robert W. Holman, Jr. Homan Family Trust			149,165
Holman/Shidler Investment Corporation			14,351
Holman/Shidler Investment Corporation			7,728
Robert S. Hood Living Trust, dated 1/9/90 & amended 12/16/96, Robert S. Hood Trustee			3,591
Howard Trust, dated 4/30/79, Howard F. Sklar Trustee			653
Steven B. Hoyt			150,000
Jerry Hymowitz			307
Karen L. Hymowitz			154
IBS Delaware Partners L.P.			2,708
Seymour Israel			15,016
Frederick K. Ito, Trustee U/A DTD 9/9/98 FBO the Frederick K. Ito Trust			1,940

Limited Partners		Number of Units
Frederick K. Ito & June Y. I. Ito, Trustees U/A DTD 9/9/98 FBO the June Y. I. Ito Trust			1,940
J. P. Trusts LLC			35,957
Michael W. Jenkins			460
Jernie Holdings Corp.			180,499
Joan R. Krieger, Trustee of the Joan R. Krieger Revocable Trust DTD 10/21/97			15,184
John E. De B Blockey, Trustee of the John E. De B Blockey Trust			8,653
Jane Terrell Johnson			3,538
Jeffery E. Johnson			809
Johnson Living Trust, dated 2/18/83, H. Stanton & Carol A. Johnson Trustees			1,078
Thomas Johnson, Jr. & Sandra L. Johnson, tenants in the entirety			2,142
Martha O’Brien Jones			665
Charles Mark Jordan			57
Mary Terrell Joseph			837
Nourhan Kailian			2,183
H. L. Kaltenbacher, P. P. Kaltenbacher & J. K. Carr, Trustees of the Joseph C. Kaltenbacher Credit Shelter Trust			1,440
Sarah Katz			307
Carol F. Kaufman			166
KEP LLC, a Michigan limited liability company			98,626

Limited Partners		Number of Units
Peter Kepic			9,261
Jack Kindler			1,440
Kirshner Family Trust #1, dated 4/8/76, Berton & Barbara Kirshner Trustees			29,558
Kirshner Trust #4 FBO Todd Kirshner, dated 12/30/76, Berton Kirshner Trustee			20,258
Arthur Kligman			307
William L. Kreiger, Jr.			3,374
Babette Kulka			330
Jack H. Kulka			330
Paul T. Lambert			32,470
Paul T. Lambert			7,346
Chester A. Latcham & Co.			1,793
Constance Lazarus			417,961
Jerome Lazarus			18,653
Susan Lebow			740
Arron Leifer			4,801
Leslie A. Rubin Ltd			4,048
L. P. Family Group LLC			102,249
Duane Lund			617
Barbara Lusen			307
William J. Mallen Trust, dated 4/29/94, William J. Mallen Trustee			8,016
Stephen Mann			17

Limited Partners		Number of Units
Manor LLC			80,556
R. Craig Martin			754
J. Stanley Mattison			79
Henry E. Mawicke			636
Richard McClintock			623
McElroy Management Inc.			5,478
Eileen Millar			3,072
Linda Miller			2,000
Lila Atkins Mulkey			7,327
Peter Murphy			56,184
Anthony Muscatello			81,654
Ignatius Musti			1,508
New Land Associates Limited Partnership			1,664
Kris Nielsen			178
North Star Associates Limited Partnership			19,333
George F. Obrecht			5,289
Paul F. Obrecht			4,455
Richard F. Obrecht			5,289
Thomas F. Obrecht			5,289
Catherine A. O’Brien			832
Lee O’Brien, Trustee of the Martha J. Harbison Testamentary Trust FBO Christopher C. O’Brien			666

Limited Partners		Number of Units
Martha E. O’Brien			832
Patricia A. O’Brien			6,387
Peter O’Connor			56,844
Steve Ohren			33,366
Princeton South at Lawrenceville One, a New Jersey limited partnership			4,265
P & D Partners L.P.			1,440
Peegee L.P.			4,817
Partridge Road Associates Limited Partnership			2,751
Sybil T. Patten			1,816
Lawrence Peters			960
Jeffrey Pion			2,879
Pipkin Family Trust, dated 10/6/89, Chester & Janice Pipkin Trustees			3,140
Peter M. Polow			557
Keith J. Pomeroy, Trustee of Keigh J. Pomeroy Revocable Trust Agreement DTD 12/13/76 as amended & restated 06/28/95			104,954
Princeton South at Lawrenceville LLC			4,692
Abraham Punia, individually and to the admission of Abraham Punia			307
R. E. A. Associates			8,908
Marilyn Rangel IRA, dated 02/05/86, Custodian Smith Barney Shearson			969
Richard Rapp			23

Limited Partners		Number of Units
RBZ LLC, a Michigan limited liability company			155
Jack F. Ream			1,071
Seymour D. Reich			154
James C. Reynolds			2,569
James C. Reynolds			37,715
Andre G. Richard			1,508
RJB Ford City Limited Partnership, an Illinois limited partnership			158,438
RJB II Limited Partnership, an Illinois limited partnership			40,788
Rebecca S. Roberts			8,308
James Sage			2,156
James R. Sage			3,364
Kathleen Sage			50
Wilton Wade Sample			5,449
Debbie B. Schneeman			740
Jane Schulak			2,690
Norma A. Schulze			307
Sciport Discovery Center			30
Sealy Professional Drive LLC			2,906
Sealy Unitholder LLC			31,552
Sealy & Company Inc.			37,119
Sealy Florida Inc.			675

Limited Partners		Number of Units
Mark P. Sealy			8,451
Sealy Real Estate Services Inc.			148,478
Scott P. Sealy			40,902
Shadeland Associates Limited Partnership			42,976
Sam Shamie, Trustee of the Sam Shamie Trust Agreement dated March 16 1978 as restated November 16 1993			400,000
Garrett E. Sheehan			513
Shidler Equities L.P.			37,378
Shidler Equities L.P.			217,163
Jay H. Shidler			63,604
Jay H. Shidler			4,416
Jay H. Shidler & Wallette A. Shidler, tenants in the entirety			1,223
D. W. Sivers Co.			12,875
D. W. Sivers Co.			11,390
Dennis W. Sivers			26,920
Dennis W. Sivers			716
Sivers Family Real Property Limited Liability Company			11,447
Sivers Family Real Property Limited Liability Company			615
Sivers Investment Partnership			266,361
Sivers Investment Partnership			17,139

Limited Partners		Number of Units
Estate of Albert Sklar, Miriam M. Sklar Executrix			3,912
Michael B. Slade			2,829
Ellen Margaret Smith			1,000
Joseph Edward Smith			1,000
Kevin Smith			10,571
Olivia Jane Smith			1,000
Arnold R. Sollar, Trustee for the Dorothy Sollar Residuary Trust			307
Spencer and Company			154
SPM Industrial LLC			5,262
SRS Partnership			2,142
Robert Stein, Trustee U/A DTD 5-21-96 FBO Robert Stein			63,630
S. Larry Stein, Trustee under Revocable Trust Agreement DTD 9/22/99, S. Larry Stein Grantor			63,630
Sterling Alsip Trust, dated August 1, 1989, Donald W. Schaumberger Trustee			794
Sterling Family Trust, dated 3/27/80, Donald & Valerie A. Sterling Trustees			3,559
Jonathan Stott			80,026
Victor Strauss			77
Catherine O’Brien Sturgis			666
Mitchell Sussman			410
Swift Terminal Properties			183,158

Limited Partners		Number of Units
Donald C. Thompson, Trustee U/A DTD 12/31/98 FBO Donald C. Thompson Revocable Family Trust			39,243
Michael T. Tomasz, Trustee of the Michael T. Tomasz Trust U/A DTD 02-05-90			36,033
Barry L. Tracey			2,142
William S. Tyrrell			2,906
Burton S. Ury			9,072
James J. Warfield			330
Phyllis M. Warsaw Living Trust, Phyllis M. Warsaw Trustee			16,540
Wendel C. Sivers Marital Trust, U W D 02/20/81 Dennis W. Sivers & G. Burke Mims Co-Trustees			13,385
Wendell C. Sivers Marital Trust, U W D 02/20/81 Dennis W. Sivers & G. Burke Mims Co-Trustees			635
Wilson Management Company LLC			35,787
Elmer H. Wingate, Jr.			1,688
Ralph G. Woodley, Trustee under Revocable Trust Agreement DTD 9/27/89			16,319
Worlds Fair Partners Limited Partnership			1,664
WSW 1998 Exchange Fund L.P.			32,000
Sam L. Yaker, Trustee of the Sam L. Yaker Revocable Trust Agreement DTD 02/14/1984			37,870
Johannson Yap			1,680

Limited Partners		Number of Units
Richard H. Zimmerman, Trustee of the Richard H. Zimmerman Living Trust dated Oct 15 1990 as amended			28,988
Gerald & Sharon Zuckerman, joint tenants			615
L. Gary Waller and Nancy R. Waller, JTWROS			37,587