FIRST INDUSTRIAL LP
For the period ended Mar 31, 2026. Filed Apr 24, 2026.
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Mar 31, 2026 · Filed Apr 24, 2026
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12. Commitments and Contingencies
- Commitments and Contingencies
In the normal course of business, we are involved in legal actions arising from the ownership and operation of our industrial properties. In our opinion, any liabilities that may result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, results of operations or liquidity.
In conjunction with the development of industrial properties, we have entered into construction agreements with general contractors for the development of industrial properties. At March 31, 2026, we hadfour projects under construction, totaling approximately 0.7 million square feet of GLA. The estimated total investment for these projects as of March 31, 2026 is approximately $124,200, of which approximately $57,300 remains to be funded. There can be no assurance that actual completion costs will not exceed the estimated amounts.
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