About Duke Realty Corporation

Duke Realty is royalty in the realm of US commercial real estate. The self-managed and self-administered real estate investment trust (REIT) owns and develops office and industrial properties primarily in major cities in the Midwest and East. In addition to about 750 properties totaling more than 135 million sq. ft. of rentable space, the company owns some 4,800 acres of undeveloped land with options to acquire more. The REIT is also building its holdings of industrial and medical office properties, which account for about three-quarters of its portfolio. Duke's service operations include construction and development, asset and property management, and leasing. The company was founded in 1972.

Duke faced challenges during the economic recession as the commercial real estate market softened and the economy as a whole took a nosedive. Beginning in 2008 the company was forced to make several changes in order to protect its existing assets and grow capital. It limited new development, refocused on nearly 20 core markets, and continued its strategy of diversifying itself by property type.

Duke has been busy repositioning itself as the economy stabilizes. It is divesting older non-core suburban office properties in the Midwest and using some of the proceeds from the sales to invest in medical office buildings (which are in higher demand) and warehouse and distribution properties near seaports, such as Baltimore, Houston, and Savannah, Georgia. The company has also ramped up its development of such properties.

As part of Duke's strategy of building its industrial assets, the company in 2010 bought out its joint venture partner's 50% stake in Dugan Realty. The deal added more than 100 industrial buildings and 60 acres of undeveloped land in the Midwest and Southeast. Duke also acquired more than 50 bulk distribution/warehouse facilities and five office buildings in South Florida from Premier Commercial Realty. During 2011 the REIT bought nearly 30 more bulk distribution facilities and nearly a dozen medical office properties around the US in several separate transactions.

After two consecutive years in the red (including a more than $330 million loss in 2009), Duke reported profits of $31.4 million in 2011. Gains from property sales and improved occupancy rates at its industrial and medical office properties boosted the company's results.

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Duke Realty Corporation

600 E 96th St Ste 100
Indianapolis, IN 46240-3792
Phone: 1 (317) 808-6000
Fax: 1 (317) 808-6791


  • Employer Type: Public
  • Stock Symbol: DRE
  • Stock Exchange: NYSE
  • Chairman and CEO: Dennis D. Oklak
  • EVP and CFO: Mark A. Denien
  • Chairman and CEO: Dennis D. Oklak
  • 2015 Employees: 500

Major Office Locations

  • Indianapolis, IN

Other Locations

  • Paradise Valley, AZ
  • Kissimmee, FL
  • Live Oak, FL
  • Orlando, FL
  • Weston, FL
  • Alpharetta, GA
  • Duluth, GA
  • Norcross, GA
  • Suwanee, GA
  • Rosemont, IL
  • Fishers, IN
  • Plainfield, IN
  • Sunman, IN
  • New Century, KS
  • Minneapolis, MN
  • Saint Louis, MO
  • Morrisville, NC
  • Dublin, OH
  • Mason, OH
  • Conshohocken, PA
  • Coppell, TX
  • Dallas, TX
  • Grand Prairie, TX
  • Houston, TX
  • Alexandria, VA
  • Reston, VA
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