Duke Realty Announces First Quarter Investment Activity

New Investments Total $117.5 Million

| Source: Duke Realty Corporation Duke Realty Corporation

INDIANAPOLIS, IN--(Marketwire - April 24, 2008) - Duke Realty Corporation (NYSE: DRE) announced today $117.5 million of new developments and acquisitions for the first quarter of 2008. The Company also announced $44.1 million of first quarter dispositions.

The Company's new developments for the quarter include $43.1 million of developments for its held-for-rental portfolio with an average initial 5-year yield of 8.6 percent and $46.4 million of developments for its build-for-sale portfolio with an average initial 5-year yield of 8.6 percent. Duke also announced the acquisition of two fully leased industrial properties in Savannah, Georgia totaling 789,000 square feet for $28.0 million with an average initial 5-year yield of 8.0 percent.

"We continue to see solid opportunities as we seek significantly pre-leased projects. In particular, the healthcare industry has remained quite robust across the Duke system. In addition, this quarter we were pleased to expand our Savannah industrial portfolio which now contains 5.2 million square feet of fully leased properties," said Denny Oklak, Chairman and Chief Executive Officer.


The new held-for-rental developments for the first quarter include: 

--  In Cincinnati, Ohio, a 480,000 square foot industrial project that is
    55% pre-leased to Aero Fulfillment located in Duke's Union Centre
    industrial park;
    
--  In Dallas, Texas, an 81,000 square foot medical office project that is
    100 percent leased to Baylor Healthcare System; and
    
--  In Whitestown, Indiana, a 44,000 square foot medical office project
    located in the Company's Anson business park that is 76 percent leased to
    Witham Health Services.


The new build-for-sale developments for the first quarter include: 

--  In Columbus, Ohio, a 936,000 square foot industrial project that is
    part of the Company's joint venture in Rickenbacker Global Logistics Park;
    and
    
--  In Houston, Texas, a 90,000 square foot suburban office project that
    is 100 percent pre-leased to Det Norske Veritas.


Duke's $44.1 million of first quarter dispositions included $18.6 million of dispositions from its held-for-rental portfolio at an average stabilized capitalization rate of 7.2 percent. The remaining $25.5 million of dispositions (representing Duke's percentage interest in a joint venture property) are from its build-for-sale portfolio at an average stabilized capitalization rate of 7.3 percent.


First quarter held-for-rental dispositions include: 

--  A 116,000 square foot industrial property in Chicago, Illinois.


First quarter build-for-sale dispositions include: 

--  One industrial property totaling 1.2 million square feet within Duke's
    Rickenbacker joint venture in Columbus.

About Duke Realty Corporation

Duke Realty Corporation specializes in the ownership, construction, development, leasing and management of office, industrial, medical office and retail real estate. It is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. The company owns, manages or has under development more than 130 million rentable square feet in 22 major U.S. cities. Duke, which controls more than 7,700 acres of land for over 113 million square feet of future development, also provides nationwide real estate solutions through its national development division. More information about Duke is available on the Internet: www.dukerealty.com.

Contact Information: Investor Relations Contacts: Shona L. Bedwell 317.808.6169 Randy A. Henry 317.808.6060 News Media Contact: Joel Reuter 317.808.6137

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