1 EXHIBIT 10.12 ELEVENTH AMENDMENT TO SIXTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF FIRST INDUSTRIAL, L.P. As of January 28, 2000, 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 and the tenth amendment thereto dated January 28, 2000) (collectively the "PARTNERSHIP AGREEMENT"), does hereby amend the Partnership Agreement as follows: Capitalized terms used but not defined in this Eleventh Amendment shall have the same meanings that are ascribed to them in the Partnership Agreement. 1. ADDITIONAL LIMITED PARTNERS. The Persons identified on EXHIBIT 1A hereto are hereby admitted to the Partnership as Additional Limited Partners or Substituted Limited Partners owning the number of Units and having made the Capital Contributions set forth on such EXHIBIT 1A. Such persons hereby adopt the Partnership Agreement. The undersigned acknowledges that those of the Persons identified on EXHIBIT 1A hereto that are Substituted Limited Partners have received their Partnership Interests from various Additional Limited Partners, and the undersigned hereby consents to such transfers. 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. RATIFICATION. Except as expressly modified by this Eleventh 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 Eleventh Amendment as of the date first written above. FIRST INDUSTRIAL REALTY TRUST, INC., as sole general partner of the Partnership By: /s/ Michael J. Havala ------------------------------------------ Name: Michael J. Havala Title: Chief Financial Officer 2 3 EXHIBIT 1A ADDITIONAL LIMITED PARTNERS Additional or Substituted Limited Partner Number of Units Capital Contribution --------------- --------------- -------------------- John E. De B. Blockey Revocable Living Trust 343 8,232.33 Robert W. Holman Jr. 59 1,416.06 Michael W. Jenkins 343 8,232.33 Paul T. Lambert 59 1,416.06 J. Stanley Mattison 59 1,416.06 Eileen Millar 133 3,192.13 Kris Nielsen 133 3,192.13 James C. Reynolds 122 2,923.12 Jay H. Shidler 927 22,248.89 Michael T. Tomasz 9,091 218,192.68 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 - ---------------- --------------- Aimee Freyer Lifetime Trust dated 11/1/65 2,384 Daniel R. Andrew, TR of the Daniel R. Andrew 137,489 Trust UA Dec 29 92 Charles T. Andrews 754 Gordon E. Atkins 2,767 William J. Atkins 22,381 E. Donald Bafford 3,374 William Baloh 8,582 Edward N. Barad 1,141 UA dated April 11, 1996 Blurton 1996 Revocable Family Trust James Bolt 6,048 Harriett Bonn, Trustee U/A dated 3/5/97 FBO 24,804 The Harriet Bonn Revocable Living Trust Michael W. Brennan 3,806 Robert Brown 2,123 Henry D. Bullock & Terri D. Bullock & Shawn 2,670 Stevenson TR of the Bullock Childrens Education Trust UA Dec 20 94, FBO Benjamin Dure Bullock Henry D. Bullock & Terri D. Bullock & Shawn 2,670 Stevenson TR of the Bullock Childrens Education Trust UA Dec 20 94, FBO Christine Laurel Bullock Henry D. Bullock & Terri D. Bullock TR of the 6,766 Henry D. & Terri D. Bullock Trust UA Aug 28 92 Edward Burger 9,261 Calamer Inc. 1,233 Perry C. Caplan 1,388 Carol P. Freyer Lifetime Trust dated 11/1/72 2,384 The Carthage Partners LLC 34,939 Cliffwood Development Company 64,823 4 5 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Collins Family Trust dated 5/6/69 162,985 Kelly Collins 11,116 Michael Collins 17,369 Charles S. Cook and Shelby H. Cook, tenants in 634 the entirety Caroline Atkins Coutret 7,327 David Cleborne Crow 5,159 Gretchen Smith Crow 2,602 Michael G. Damone, TR of the Michael G. 144,296 Damone Trust UA Nov 4 69 Robert L. Denton 6,286 W Allen Doane Trust U/A 05/31/91 4,416 Timothy Donohue 1,000 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 James Kozen, trustee U-A dated 02/24/86 33,031 Farlow Road Associates Limited Partnership 2,751 Fourbur Family Co., L.P. 588,273 Gamma Three Associates Limited Partnership 3,338 Dennis G. Goodwin and Jeannie L. Goodwin, 6,166 tenants in the entirety Clay Hamlin & Lynn Hamlin, joint tenants with 15,159 rights of survivorship Highland Associates Limited Partnership 69,039 Robert W. Holman Jr. 150,213 Holman/Shidler Investment Corporation 22,079 Steven B. Hoyt 175,000 Internal Investment Company 3,016 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 The Jack Friedman Revocable Living Trust UA 26,005 March 23, 1978 Michael W. Jenkins 460 Jernie Holdings Corp. 180,499 John E. De B. Blockey Trust 8,653 Nourhan Kailian 2,183 5 6 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Peter Kepic 9,261 Lambert Investment Corporation 13,606 Paul T. Lambert 39,816 Constance Lazarus 417,961 Jerome Lazarus 18,653 Princeton South at Lawrenceville LLC 4,426 Shidler Equities LP 254,541 Duane Lund 617 R. Craig Martin 754 J. Stanley Mattison 79 Eileen Millar 3,072 The Milton Dresner Revocable Trust UA 149,531 October 22, 1976 Peter Murphy 56,184 Anthony Muscatello 81,654 Joseph Musti 1,508 Dean A. Nachigall 10,076 New Land Associates Limited Partnership 1,664 North Star Associates Limited Partnership 19,333 Arden O'Connor 13,845 Peter O'Connor 66,181 Princeton South at Lawrenceville One 4,426 Eduardo Paneque 2,000 Partridge Road Associates Limited Partnership 2,751 Jack F. Ream 1,071 Glenn C. Rexroth and Linda A. Rexroth, as 2,142 tenants in the entirety James C. Reynolds 40,284 Andre G. Richard 1,508 RJB Ford City Limited Partnership 158,438 RJB II Limited Partnership 40,788 Edward C. Roberts and Rebecca S. Roberts, 8,308 tenants in the entirety W.F.O. Rosenmiller 634 Edward Jon Sarama 634 Shadeland Associates Limited Partnership 42,976 Shadeland Corporation 4,442 Jay H. Shidler 68,020 Jay H. Shidler and Wallette A. Shidler, tenants in 1,223 the entirety Shidler Equities LP 254,541 Michael B. Slade 2,829 6 7 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Kevin Smith 13,571 SRS Partnership 2,142 Robert Stein UA Dated May 21, 1996 FBO 63,630 Robert Stein S. Larry Stein 63,630 Jonathan Stott 80,026 Thelma C. Gretzinger Trust 450 Michael T. Tomasz 36,033 Barry L. Tracey 2,142 Worlds Fair Partners Limited Partnership 1,664 Rand H. Falbaum 17,022 Elizabeth Fitzpatrick 3,800 Fred Trust dated 6/16/77 653 Carol P. Freyer 12,173 Lee Karen Freyer 10,665 Aimee Freyer-Valls 12,173 David Fried 1,326 Ester Fried 3,177 J. Peter Gaffney 727 Gerlach Family Trust dated 6/28/85 874 Patricia O. Godchaux 9,387 Timothy Gudim 10,298 H/Airport GP Inc. 1,433 Vivian Hack 22,522 Martha J. Harbinson 3,329 Turner Harshaw 1,132 Cathleen Hession 3,137 Howard Trust dated 4/30/79 653 L. Chris Johnson 3,196 Johnson Living Trust dated 2/18/83 1,078 Charles Mark Jordan 57 JPG Investment 919 Lee Karen Freyer Lifetime Trust dated 11/1/65 2,384 Georgia Leonard 664 Robert Leonard III 6,317 Steve Leonard 39,645 Leslie A. Rubin LTD 4,048 Henry E. Mawicke 636 Richard McClintock 623 McElroy Management Inc. 5,478 MCS Properties, Inc. 5,958 Lila Atkins Mulkey 7,327 7 8 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- James Muslow, Jr. 4,911 Adel Nassif 5,218 Kris Nielson 28 Catherine A. O'Brien 832 Martha E. O'Brien 832 Steve Ohren 33,366 Pacifica Holding Company 97,870 Sybil T. Patten 1,816 Betty S. Phillips 3,912 Jeffrey Pion 2,879 Pipkin Family Trust dated 10/6/89 3,140 Robert J. Powers 37,674 Manor Properties 143,408 Robert S. Hood Living Trust dated 1/9/90 & 3,591 Amended 12/16/96 James Sage 2,156 Kathleen Sage 3,350 Wilton Wade Sample 5,449 Sealy & Company, Inc. 37,119 Sealy Florida, Inc. 675 Mark P. Sealy 8,451 Sealy Real Estate Services, Inc. 148,478 Scott P. Sealy 40,902 Marilyn Rangel IRA dated 2/5/86 969 Siskel Family Partnership 11,359 Siskel Revocable Trust 1987 dated 4/17/1987 10,087 Trustee U/A Dated 3/06/98 FBO The Suzanne 3,802 E. Siskel & Peter Gajewski Community Property Trust Steve Smith 386 Sterling Alsip Trust dated August 1, 1989 794 Sterling Family Trust dated 3/27/80 3,559 Donald C. Thompson 39,243 TUT Investments I LLC 5,274 William S. Tyrrell 2,906 Virginia B. and Norton Sharpe Living Trust UDT 12,055 dated 4/26/96 Steve Walbridge 338 William B. Wiener, Jr. 41,119 Patricia Wiener-Shifke 12,944 William J. Mallen Trust dated 4/29/94 8,016 Fred Wilson 35,787 Woslum, Inc. 2,427 8 9 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Johannson Yap 1,680 Gerald & Sharon Zuckerman 615 Stephen Mann 12,017 Stanley Gruber 30,032 Seymour Israel 15,016 J. O'Neil Duffy, Sr. 513 James O. Duffy, Jr. 513 Garrett E. Sheehan 513 Sam Shamie Trust Agreement dated March 16, 422,340 1978, as restated on November 16, 1993 Richard H. Zimmerman Living Trust dated 58,988 October 15, 1990, as amended Keith J. Pomeroy Revocable Trust Agreement, 128,783 dated December 13, 1976, as amended and restated on June 28, 1995 Enid Barden Trust of June 28, 1995 23,088 Sam L. Yaker Revocable Trust Agreement dated 37,780 February 14, 1984 Armenag Kalaydjian Revocable Trust Agreement 27,079 dated February 28, 1984 RBZ LLC 155 KEP LLC 78,873 H L Kaltenbacher P P K Kaltenbacher & J K 1,440 Carr - Joseph C. Kaltenbacher Credit Shelter Trust ESAA Associates Limited Partnership 24,217 Paul F. Obrecht, Jr. 5,289 Richard F. Obrecht 5,289 Thomas F. Obrecht 5,289 George F. Obrecht 5,289 Joan R. Kreiger Revocable Trust 15,184 William L. Kreiger, Jr. 3,374 Elmer H. Wingate 1,688 Apollo/Pacifica Bryant LLC 42,977 Edwin and Cathleen Hession 7,987 D.W. Sivers Co. 118,265 Sivers Investment Partnership 283,500 Sivers Family Real Property Limited Liability 12,062 Company Wendell C. Sivers Marital Trust u/w/d February 13,385 20, 1981 Dennis W. Sivers 27,636 Jack H. Kulka 330 9 10 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Babette Kulka 330 Jeffrey L. Greenberg 330 Martin Eglow 330 James J. Warfield 330 Leland A. and Margery Ann Hodges 55,000 Kerry Acker 154 Sanders H. Acker 307 The Arel Company 307 Andrew T. Bauer 546 Emil Billich 77 Alvin R. Brown & Helen Brown 307 Ernestine Burstyn 5,007 Magdalena G. Castleman 307 Chester A. Latcham & Co. 2,493 Terrance C. Claassen 1,095 Community Foundation of North Texas Inc. 4,000 Roslyn Greenberg 1992 Trust 2,250 Steven Dizio and Helen Dizio, joint tenants 12,358 Timothy Donohue 1,000 Rowena Finke 154 Nancy Gabel 14 Martin Goodstein 922 Stanley Greenberg and Florence Greenberg, joint 307 tenants Melissa C. Gudim 24,028 H L Investors LLC 4,000 Frank Harvey 2,501 Edwin Hession and Cathleen Hession, joint 7,979 tenants Leland A. Hodges and Margery Ann Hodges Jt. 55,000 Ten Andrew Holder 97 Ruth Holder 2,612 Jerry Hymowitz 307 Karen L. Hymowitz 154 Jack Friedman Revocable Living Trust U/A 26,005 3/23/78 Thomas Johnson Jr. and Sandra L. Johnson; 2,142 tenants in the entirety Sarsh Katz 307 Carol F. Kaufman 166 Jack Kindler 1,440 10 11 LIMITED PARTNERS NUMBER OF UNITS - ---------------- --------------- Kirshner Family Trust #1 Dated 4/8/76 Bertron 29,558 & Barbara Kirshner Trustees Kirshner Trust #4 FBO Todd Kirshner Dated 20,258 12/30/76 Bertron Kirshner Trustee Arthur Kligman 307 Lincoln Trust Co. Cust. for Marvin Kolpack 994 Susan Lebow 740 Aaron Leifer 4,801 H P Family Group LLC 103,734 J P Trusts LLC 35,957 L P Family Group LLC 102,249 Barbara Lusen 307 Kris Nielsen 178 North Texas Public Broadcasting, Inc. 1,000 P & D Partners LP 1,440 Peegee LP 4,817 Lawrence Peters 960 Peter M. Polow 557 Francis Pomar 8,338 Abe Punia & Constance Punia, joint tenants 307 R E A Associates 8,908 Richard Rapp 23 Seymour D. Reich 154 Henry J. Satsky 2,708 Debbie B. Schneeman 740 Norma A. Schulze 307 Arnold R. Sollar, Executor of The Estate of 307 Dorothy Sollar Spencer and Company 154 Victor Strauss 77 Mitchell Sussman 410 Steve Walbridge 338 WSW 1998 Exchange Fund LP 32,000 11