First Industrial Realty Trust, Inc., a provider of diversified industrial real estate, today announced the signing of a build-to-suit agreement with the Ridge Tool Company. Ridge Tool manufactures professional-grade, RIDGID brand hand and power tools. Ridge Tool is a wholly-owned subsidiary of Emerson Electric.
First Industrial will develop a 129,000 square-foot distribution facility in Cambridge, Ohio, which Ridge will use to distribute tools to its customers throughout North America. The facility is scheduled to be completed in summer 2005.