EX-10.18 2 c60653ex10-18.txt 17TH AMENDMENT TO THE L.P. AGREEMENT DTD 1/25/01 1 EXHIBIT 10.18 SEVENTEENTH AMENDMENT TO SIXTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF FIRST INDUSTRIAL, L.P. As of January 25, 2001, 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 Sixth Amended and Restated Limited Partnership Agreement, dated March 18, 1998 (as amended by the first amendment thereto dated April 1, 1998, the second amendment thereto dated April 3, 1998, the third amendment thereto dated April 16, 1998, the fourth amendment thereto dated May 20, 1998, the fifth amendment thereto dated July 16, 1998, the sixth amendment thereto dated August 31, 1998, the seventh amendment thereto dated October 21, 1998, the eighth amendment thereto dated October 30, 1998, the ninth amendment thereto dated November 5, 1998, the tenth amendment thereto dated January 28, 2000, the eleventh amendment thereto dated January 28, 2000, the twelfth amendment thereto dated June 27, 2000, the thirteenth amendment thereto dated September 1, 2000, the fourteenth amendment thereto dated October 13, 2000, the fifteenth amendment thereto dated October 13, 2000 and sixteenth amendment thereto dated October 27, 2000) (collectively the "PARTNERSHIP AGREEMENT"), does hereby amend the Partnership Agreement as follows: Capitalized terms used but not defined in this Seventeenth Amendment shall have the same meanings that are ascribed to them in the Partnership Agreement. 1. ADDITIONAL LIMITED PARTNERS. The Person identified on SCHEDULE 1 hereto is hereby admitted to the Partnership as an Additional Limited Partner, owning the number of Units and having made the Capital Contribution set forth on such SCHEDULE 1. Such Person hereby adopts 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 the Partners following consummation of the transactions referred to in Section 1 hereof. 3. PROTECTED AMOUNTS. In connection with the transactions consummated pursuant to that certain Contribution Agreement (the "CONTRIBUTION AGREEMENT"), dated as of December 13, 2000, by and between the Partnership and Ralph G. Woodley, as Trustee under Revocable Trust Agreement dated September 27, 1989, a certain Protected Amount is being established for the Additional Limited Partner admitted pursuant to this Seventeenth Amendment, which Protected Amounts is reflected on EXHIBIT 1D attached hereto and shall be incorporated as part of EXHIBIT 1D of the Partnership Agreement. 4. RATIFICATION. Except as expressly modified by this Seventeenth Amendment, all of the provisions of the Partnership Agreement are affirmed and ratified and remain in full force and effect. 2 IN WITNESS WHEREOF, the undersigned has executed this Seventeenth Amendment as of the date first written above. FIRST INDUSTRIAL REALTY TRUST, INC., as sole general partner of the Partnership By: /s/ Johannson L. Yap --------------------------------------- Name: Johannson L. Yap Title: Chief Investment Officer 2 3 SCHEDULE 1 ADDITIONAL LIMITED PARTNERS Additional or Substituted Limited Partner Number of Units Capital Contribution --------------- --------------- -------------------- Ralph G. Woodley, as 24,319 $821,732.31 Trustee under Revocable Trust Agreement dated September 27, 1989 3 4 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 Charles T. Andrews 754 Daniel R. Andrew, TR of the Daniel R. 137,489 Andrew Trust UA 12/29/92 The Arel Company 307 William J. Atkins 22,381 BSDK Enterprises 3,596 E. Donald Bafford 3,374 William Baloh 8,731 Edward N. Barad 1,141 Thomas K. Barad & Jill E. Barad Co- 2,283 Trustees of the Thomas K. Barad & Jill E. Barad Trust Dated 10/18/89 Enid Barden Trust of June 28, 1996 23,088 Emil Billich 77 Don N. Blurton & Patricia H. Blurton 598 Trustees U/A dated 4/11/96 Blurton 1996 Revocable Family Trust James Bolt 6,048 Harriett Bonn, Trustee U/A dated 3/5/97 24,804 FBO The Harriet Bonn Revocable Living Trust Michael W. Brennan 3,806 Alvin R. Brown & Helen Brown 307 Robert Brown 2,123 Henry D. Bullock & Terri D. Bullock & 3,320 Shawn Stevenson TR of the Bullock Childrens Education Trust UA 12/20/94, FBO Benjamin Dure Bullock Henry D. Bullock & Terri D. Bullock & 3,320 Shawn Stevenson TR of the Bullock Childrens Education Trust UA 12/20/94, FBO Christine Laurel Bullock 4 5 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Henry D. Bullock & Terri D. Bullock TR of 4,176 the Henry D. & Terri D. Bullock Trust UA 8/28/92 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 Carthage Partners LLC 34,939 Magdalena G. Castleman 307 Cliffwood Development Company 64,823 Collins Family Trust dated 5/6/69 162,985 Kelly Collins 11,116 Michael Collins 17,369 Community Foundation of North Texas Inc. 4,000 Charles S. Cook and Shelby H. Cook, 634 tenants in the entirety Caroline Atkins Coutret 7,327 David Cleborne Crow 5,159 Gretchen Smith Crow 2,602 Michael G. Damone, trustee of the Michael 144,296 G. Damone Trust UA 11/4/69 John E. De B. Blockey Trustee of The John 8,653 E. De B. Blockey Revocable Trust Robert L. Denton 6,286 Henry E. Dietz Trust U/A 01/16/81 36,476 Steven Dizio and Helen Dizio, joint tenants 12,358 W Allen Doane Trust U/A 05/31/91 4,416 Timothy Donohue 100 Darwin B. Dosch 1,388 Charles F. Downs 1,508 Greg and Christina Downs, joint tenants 474 Gregory Downs 48 Draizin Family Partnership, LP 357,896 Joseph S. Dresner 149,531 Milton H. Dresner Trustee of the Milton 149,531 Dresner Revocable Trust U/A 10/22/76 J. O'Neil Duffy, Sr. 513 ESAA Associates Limited Partnership 24,217 Martin Eglow 330 5 6 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Rand H. Falbaum 17,022 Patricia O'Brien Ferrell 666 Rowena Finke 154 Elizabeth Fitzpatrick 3,800 Elizabeth Hutton Hagen Fitzpatrick IRA 607 Dated 9/1/91 Fourbur Family Co., L.P. 588,273 Fred Trust dated 6/16/77 653 Aimee Freyer-Valls 14,557 Carol P. Freyer 12,173 Carol P. Freyer Lifetime Trust dated 11/1/72 2,384 Lee Karen Freyer 10,665 Lee Karen Freyer Lifetime Trust dated 11/1/65 2,384 David Fried 1,326 Ester Fried 3,177 Jack Friedman Trustee of The Jack Friedman 26,005 Revocable Living Trust U/A 3/23/78 Robert L. Friedman 28,500 Nancy Gabel 14 J. Peter Gaffney 727 Gerlach Family Trust dated 6/28/85 874 Patricia O. Godchaux 9,387 Martin Goodstein 922 Dennis G. Goodwin and Jeannie L. 6,166 Goodwin, tenants in the entirety Jeffrey L. Greenberg 330 Stanley Greenberg and Florence Greenberg, 307 joint tenants Thelma C. Gretzinger Trust 450 Stanley Gruber 30,032 Melissa C. Gudim 24,028 Timothy Gudim 10,298 H/Airport GP Inc. 1,433 H L Investors LLC 4,000 H P Family Group LLC 103,734 Vivian Hack Trustee U/A Dated 12/26/97 22,522 FBO The Vivian M. Hack Living Trust Clay Hamlin & Lynn Hamlin, joint tenants 15,159 Lee O'Brien Trustee of The Martha J. 1,433 Harbinson Testamentary Trust FBO Christopher C. O'Brien Turner Harshaw 1,132 Frank Harvey 2,501 6 7 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Cathleen Hession 3,137 Edwin Hession and Cathleen Hession, joint tenants 7,979 Highland Associates Limited Partnership 69,039 Leland A. Hodges and Margery Ann Hodges, joint tenants 55,000 Andrew Holder 97 Ruth Holder 2,612 Robert W. Holman Jr. 150,213 Holman/Shidler Investment Corporation 22,079 Robert S. Hood Living Trust dated 1/9/90 & 3,591 Amended 12/16/96 Howard Trust dated 4/30/79, Howard F. Sklar trustee 653 Steven B. Hoyt 175,000 Jerry Hymowitz 307 Karen L. Hymowitz 154 Seymour Israel 15,016 Frederick K. Ito & June Y Ito Trustees U-A 1,940 Dated 9/9/98 FBO The June Y I Ito Trust Frederick K. Ito Trustee U-A Dated 9/9/98 1,940 FBO The Frederick K. Ito Trust JPG Investment 919 J P Trusts LLC 35,957 Michael W. Jenkins 460 Jernie Holdings Corp. 180,499 L. Chris Johnson 3,196 Johnson Living Trust dated 2/18/83, 1,078 H. Stanton and Carol A. Johnson, trustees Thomas Johnson Jr. and Sandra L. Johnson, 2,142 tenants in the entirety Martha A. O'Brien Jones 665 Charles Mark Jordan 57 KEP LLC, a Michigan Limited Liability Company 98,626 Nourhan Kailian 2,183 H L Kaltenbacher P P K Kaltenbacher & J K Carr 1,440 - Joseph C. Kaltenbacher Credit Shelter Trust Sarsh Katz 307 Carol F. Kaufman 166 Charles Kendall Jr. Rollover IRA Dated 656 1/21/93 Custodian Paine Webber Peter Kepic 9,261 7 8 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Jack Kindler 1,440 Kirshner Family Trust #1 Dated 4/8/76 29,558 Bertron & Barbara Kirshner Trustees Kirshner Trust #4 FBO Todd Kirshner Dated 20,258 12/30/76 Bertron Kirshner Trustee Arthur Kligman 307 Joan R. Krieger Trustee of The Joan R. 15,184 Kreiger Revocable Trust William L. Kreiger, Jr. 3,374 Babette Kulka 330 Jack H. Kulka 330 L P Family Group LLC 102,249 Lambert Investment Corporation 13,606 Paul T. Lambert 39,816 Chester A. Latcham & Co. 1,793 Constance Lazarus 417,961 Jerome Lazarus 18,653 Princeton South at Lawrenceville LLC 4,692 Susan Lebow 740 Aaron Leifer 4,801 Georgia Leonard 664 Robert Leonard III 6,317 Duane Lund 617 Barbara Lusen 307 MCS Properties, Inc. 5,958 Richard McClintock 623 McElroy Management Inc. 5,478 William J. Mallen Trust dated 4/29/94 8,016 William J. Mallen Trustee Stephen Mann 17 Manor Properties 143,408 R. Craig Martin 754 J. Stanley Mattison 79 Henry E. Mawicke 636 Eileen Millar 3,072 Larry L. Miller 17,857 Linda Miller 2,000 The Milton Dresner Revocable Trust UA 149,531 October 22, 1976 Lila Atkins Mulkey 7,327 Peter Murphy 56,184 Anthony Muscatello 81,654 James Muslow, Jr. 4,911 Joseph Musti 1,508 8 9 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Dean A. Nachigall 10,076 Kris Nielsen 178 New Land Associates Limited Partnership 1,664 North Star Associates Limited Partnership 19,333 Catherine A. O'Brien 832 Catherine O'Brien Sturgis 666 Martha E. O'Brien 832 George F. Obrecht 5,289 Paul F. Obrecht, Jr. 5,289 Richard F. Obrecht 5,289 Thomas F. Obrecht 5,289 Arden O'Connor 13,845 Peter O'Connor 66,181 Steve Ohren 33,366 P & D Partners LP 1,440 Pacifica Holding Company 72,870 Partridge Road Associates Limited Partnership 2,751 Sybil T. Patten 1,816 Peegee LP 4,817 Lawrence Peters 960 Betty S. Phillips 3,912 Jeffrey Pion 2,879 Pipkin Family Trust dated 10/6/89 3,140 Peter M. Polow 557 Francis Pomar 8,338 Keith J. Pomeroy Revocable Trust Agreement, 161,036 dated December 13, 1976, as amended and restated on June 28, 1995 Robert J. Powers, trustee of the Robert J. Powers 37,674 Revocable Living Trust U/A 12/28/89 Princeton South at Lawrenceville One 4,426 Abraham Punia Individually and to the 307 Admission of Abraham Punia RBZ LLC, a Michigan limited liability company 155 R E A Associates 8,908 Marilyn Rangel IRA dated 2/5/86 969 Richard Rapp 23 Jack F. Ream 1,071 Reger Investment Fund Ltd. 22,556 Seymour D. Reich 154 James C. Reynolds 40,284 9 10 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Andre G. Richard 1,508 RJB Ford City Limited Partnership, an 158,438 Illinois limited partnership RJB II Limited Partnership, an Illinois 40,788 limited partnership Edward C. Roberts and Rebecca S. Roberts, 8,308 tenants in the entirety W.F.O. Rosenmiller 634 Leslie A. Rubin LTD 4,048 SPM Industrial LLC 5,262 SRS Partnership 2,142 James Sage 2,156 James R. Sage 3,364 Kathleen Sage 3,350 Wilton Wade Sample 5,449 Edward Jon Sarama 634 Henry J. Satsky 2,708 Debbie B. Schneeman 740 Debbie B. Schneeman & Susan Lebow, 2,250 trustees of the Roslyn Greenberg 1992 Trust Norma A. Schulze 307 Sealy & Company, Inc. 37,119 Sealy Florida, Inc. 675 Mark P. Sealy 8,451 Sealy Professional Drive LLC 2,906 Sealy Real Estate Services, Inc. 148,478 Sealy Unitholder LLC 31,552 Scott P. Sealy 40,902 Shadeland Associates Limited Partnership 42,976 Sam Shamie, as trustee of Sam Shamie Trust 422,340 Agreement dated March 16, 1978, as restated on November 16, 1993 Frances Shankman Insurance Trust 16,540 Garrett E. Sheehan 513 Jay H. Shidler 68,020 Jay H. Shidler and Wallette A. Shidler, 1,223 tenants in the entirety Shidler Equities LP 254,541 Siskel Family Partnership 11,359 Trustee U/A Dated 3/06/98 FBO The 3,802 Suzanne E. Siskel & Peter Gajewski Community Property Trust D.W. Sivers Co. 94,265 Sivers Investment Partnership 283,500 10 11 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Sivers Family Real Property Limited 12,062 Liability Company Wendell C. Sivers Marital Trust u/w/d 14,020 February 20, 1981 Dennis W. Sivers 27,636 Estate of Albert Sklar 3,912 Michael B. Slade 2,829 Kevin Smith 13,571 Steve Smith 386 Arnold R. Sollar, executor of the estate of 307 Dorothy Sollar Spencer and Company 154 S. Larry Stein, trustee under Revocable 63,630 Trust Agreement dated 9/22/99 S. Larry Stein Grantor Robert Stien, trustee U/A Dated 5/21/96 63,630 FBO Robert Stein Sterling Alsip Trust dated August 1, 1989, 794 Donald W. Schaumbuger trustee Sterling Family Trust dated 3/27/80 3,559 Jonathan Stott 80,026 Victor Strauss 77 Mitchell Sussman 410 TUT Investments I LLC 5,274 Donald C. Thompson Trustee U/A Dated 39,243 12/31/98 FBO Donald C. Thompson Revocable Family Trust Michael T. Tomasz Trustee of the Michael 36,033 T. Tomasz Trust U/A Dated 02-05-90 Barry L. Tracey 2,142 William S. Tyrrell 2,906 Burton S. Ury 9,072 WSW 1998 Exchange Fund LP 32,000 Steve Walbridge 338 James J. Warfield 330 Phyllis M. Warsaw Living Trust, Phyllis M. 16,540 Warsaw trustee William B. Wiener, Jr. 41,119 Patricia Wiener-Shifke 12,944 Wilson Management Company 35,787 Elmer H. Wingate 1,688 11 12 LIMITED PARTNERS NUMBER OF UNITS ---------------- --------------- Ralph G. Woodley, as Trustee under Revocable 24,319 Trust Agreement dated September 27, 1989 Worlds Fair Partners Limited Partnership 1,664 Woslum, Inc. 2,427 Sam L. Yaker, trustee of The Sam L. Yaker 37,870 Revocable Trust Agreement dated February 14, 1984 Johannson Yap 1,680 Richard H. Zimmerman, trustee of The 58,988 Richard H. Zimmerman Living Trust dated October 15, 1990, as amended Gerald & Sharon Zuckerman joint tenants 615 12 13 EXHIBIT 1D PROTECTED AMOUNTS CONTRIBUTOR PARTNER PROTECTED AMOUNT ------------------- ---------------- Ralph G. Woodley, as Trustee under Revocable *see below Trust Agreement dated September 27, 1989 -------------------- * An amount equal to (a) the taxable gain, if any, that would be realized by such Additional Limited Partner if such Additional Limited Partner were to dispose of its Interest for no consideration other than the release or deemed release of liabilities of the partnership assumed by or otherwise allocable to such Additional Limited Partner under Code Section 752, as such hypothetical gain is determined from time to time, less (b) such Additional Limited Partner's share of "qualified nonrecourse financing" as defined in Code Section 465(b)(6) and the Treasury Regulations thereunder, as such share is determined in accordance with Treasury Regulations Section 1.752-3(a). 13