New Investments Total $233 Million

INDIANAPOLIS, IN–(EMWNews – July 28, 2008) – Duke Realty Corporation (NYSE: DRE)

announced today $232.5 million of new developments and acquisitions for the

second quarter of 2008. The Company also announced $102.4 million of

second quarter dispositions.

The Company’s new development starts of $225.1 million are all included in

its build-for-sale portfolio. The projects are 57.1% pre-leased and have an

initial stabilized yield of 7.95%.

“We are pleased that we continue to find solid development opportunities

even in a slowing economy. Included in the new starts is a build-to-suit

for the Department of Veteran’s Affairs in Fort Worth, Texas. This project

is 100% leased to the VA for twenty years,” said Denny Oklak, Chairman and

Chief Executive Officer. “We continue to see strong activity in our

healthcare division, as four of the six projects we started were healthcare

related.”

Duke also announced the acquisition of another fully leased industrial

property in Savannah, Georgia totaling 176,000 square feet for $7.4

million. “The Savannah acquisition further solidifies our position in the

fourth-largest port in the United States,” said Oklak. “We now own 5.3

million square feet of 100% leased warehouse space at the Port of

Savannah.”

The new developments for the second quarter include:

--  A 213,000 square foot healthcare project in Fort Worth that is 100

    percent leased to the Department of Veterans Affairs;

    

--  In Indianapolis, a 22,000 square foot healthcare project that is 52

    percent leased and a 21,000 square foot healthcare project that is 73

    percent pre-leased, both to St. Francis Hospital and Health Centers;

    

--  In Lafayette, Indiana a 60,000 square foot healthcare project that is

    60 percent pre-leased to St. Elizabeth Medical Center;

    

--  In Minneapolis, Minnesota, as part of the Company's joint venture with

    the JR Anderson Company, a 381,000 square foot retail project that is 16

    percent pre-leased; and

    

--  In St. Louis, Missouri, a 146,000 square foot suburban office project

    located in Duke's Riverport Business Park that is 100 percent pre-leased to

    Elsevier, a science and health information publisher.

    

Duke’s $102.4 million of second quarter dispositions included $34.2 million

of dispositions from its held-for-rental portfolio at an average stabilized

capitalization rate of 7.5 percent. The remaining $68.2 million of

dispositions are from its build-for-sale portfolio at an average stabilized

capitalization rate of 6.8 percent.

Second quarter held-for-rental dispositions include:

--  A 34,000 square foot industrial property in Atlanta, Georgia;

    

--  A 367,000 square foot industrial property in Chicago, Illinois;

    

--  A 42,000 square foot industrial property in Dallas, Texas, which was

    included in the Company's Texas Dugan joint venture;

    

--  A 96,000 square foot suburban office property in Indianapolis; and

    

--  An 80,000 square foot industrial property in Savannah, Georgia.

    

Second quarter build-for-sale dispositions include:

--  A 54,000 square foot healthcare property in Indianapolis in which the

    Company owned a 50 percent interest that was sold pursuant to a tenant

    purchase option agreement;

    

--  A  605,000 square foot industrial property in Phoenix, Arizona in

    which an 80 percent interest was contributed to the Company's industrial

    joint venture; and

    

--  A 177,000 square foot industrial property in Raleigh, North Carolina.

    

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 24 major U.S. cities. Duke, which controls more

than 7,400 acres of land for over 110 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.