Duke Realty Announces First Quarter Investment Activity.

New Investments Total $105 Million

INDIANAPOLIS -- Duke Realty Corporation (NYSE:DRE) announced today $105.1 million of developments for the first quarter of 2007. The Company also announced $176.9 million of first quarter dispositions.

Including $32 million of developments from the Company's Bremner Duke Healthcare Real Estate division, Duke's new developments for the quarter total $105.1 million of projects with an average stabilized yield of 8.7 percent.

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

* In Atlanta, Georgia, a 47,000 square foot suburban office project located in Duke's Camp Creek business park that is 100 percent pre-leased;

* In Morrisville, North Carolina, a 20,000 square foot medical office project that is 100 percent pre-leased to Duke University;

* In Murfreesboro, Tennessee, a 120,000 square foot medical office project that is nearly 50 percent pre-leased;

* In Orlando, Florida, a 397,000 square foot industrial project located in Duke's Park 27 distribution center; and

* Also in Orlando, as part of the Company's Dugan Millenia joint venture, a 107,000 square foot suburban office project located in Millenia Lakes business park.

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

* In Washington, D.C., a 111,000 square foot suburban office project at Westfields Corporate Center that is 100 percent pre-leased to Northrop Grumman Information Technology, Inc. (a wholly-owned subsidiary of Northrop Grumman Corporation).

Duke's $176.9 million of first quarter dispositions included $151.0 million of dispositions from its held-for-rental portfolio at an average stabilized capitalization rate of 8.2 percent. The remaining sales included $25.9 million from its held-for-sale portfolio at an average stabilized capitalization rate of 6.4 percent.

First quarter held-for-rental dispositions include:

* One industrial facility totaling 66,000 square feet in Atlanta;

* A 54,000 square foot industrial facility in Chicago, Illinois;

* A 104,000 square foot suburban office property in Columbus, Ohio; and

* Eight suburban office properties totaling 894,000 square feet in Cleveland, Ohio.

First quarter held-for-sale dispositions include:

* A 71,000 square foot suburban office property in Chicago; and

* A 32,000 square foot retail project in Indianapolis, Indiana.

About Duke Realty Corporation

Founded in 1972, Duke Realty Corporation develops commercial real estate in strategically selected markets by leveraging the expertise of local sales, construction and operations professionals. Duke is the largest publicly traded, vertically integrated office/industrial real estate company in the United States. Duke's properties encompass approximately 113 million rentable square feet leased by more than 3,400 tenants. We own or control through options or joint ventures more than 7,700 acres of undeveloped land that can support approximately 112 million square feet of additional development. Duke common stock is listed on the New York Stock Exchange under the symbol: DRE. Visit Duke on the web at www.dukerealty.com.