Duke Realty Marketing 14 Million Square Foot Industrial Portfolio.

INDIANAPOLIS -- Duke Realty Corporation (NYSE:DRE) announced today that it is marketing for sale a portfolio of industrial properties consisting of 14.4 million square feet of primarily Light Distribution and Service Center properties located in eight of its existing markets across the Southeast and Midwest. CB Richard Ellis will be the exclusive listing agent for the transaction. Denny Oklak, Duke's President and Chief Executive Officer, stated, "This transaction represents a continuation of our stated strategy of capital recycling. We believe this portfolio will represent an attractive investment opportunity for investors and will allow us to re-deploy the capital into properties that better meet our long-term strategy." If the portfolio meets the anticipated market acceptance, the Company believes the transaction will close in the second half of 2005.

When used in this press release, the word "believes," "expects," "estimates" and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially. In particular, among the factors that could cause actual results to differ materially are continued qualification as a real estate investment trust, general business and economic conditions, competition, increases in real estate construction costs, interest rates, accessibility of debt and equity capital markets and other risks inherent in the real estate business including tenant defaults, potential liability relating to environmental matters and liquidity of real estate investments. Readers are advised to refer to Duke's Form 8-K Report as filed with the Securities and Exchange Commission on July 24, 2003 for additional information concerning these risks.

Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States. Offering a complete range of real estate products and services, Duke produces over $800 million in annual revenue from more than 4,200 tenants and focuses on building dominant market positions in each of its 13 geographic platforms across the Midwest and the Sunbelt. Duke owns interests in more than 114 million square feet of properties, has over 1,000 employees and owns or controls more than 4,600 acres of undeveloped land that can support more than 69 million square feet of future development.