Duke Realty Selected to Develop Three LEED® Certified Projects

Duke Realty will build three LEED office buildings totaling 258,000 square feet in Orlando, Crystal River and Jacksonville

(Orlando, FL – June 2, 2011) Duke Realty Corporation’s (Duke Realty) Orlando office has been selected to develop three buildings in Central and North Florida: a 1-story, 73,000-square foot office/warehouse/laboratory facility in Crystal River, a 4-story, 133,000-square foot office building in Orlando, and a 2-story, 48,000-square foot office building in Jacksonville.  Each of the projects will be designed to receive LEED (Leadership in Energy Efficient Design) certification, a validation awarded by the U.S. Green Building Council to projects that incorporate environmentally sustainable features.

“Duke Realty is pleased to have been selected by these three clients to construct top-quality space for their business operations,” said Doug Irmscher, senior vice president of Duke Realty’s Central Florida Operations. “Our experience and expertise in the LEED design and certification process will serve us well in delivering these high-quality, environmentally sustainable buildings.”

With these three projects, Duke Realty will combine its diverse construction capabilities and expertise from the ownership perspective to provide a variety of value-added services that meet the full spectrum of clients’ real estate needs.

In Crystal River, Fortune 500 energy company Progress Energy, headquartered in Raleigh, N.C., has chosen Duke Realty to be the design-build general contractor of a 73,000-square foot office/laboratory/warehouse facility at Progress Energy’s Crystal River Energy Complex. Located near Crystal River in Citrus County northwest of Orlando, the Crystal River Energy Complex is one of the largest power-generating facilities in the country, featuring four coal-fired plants and one nuclear facility.

The building will house administrative offices, clean-air labs and coal-yard operations. The project will be completed in second-quarter 2012 and is designed to receive Silver LEED for New Construction certification.

“This new facility will enable the company to upgrade office space and consolidate employees who now work in several different buildings,” Irmscher said. “Duke Realty is glad to partner with Progress Energy on a project that will play a part in improving business operations at Progress Energy’s power-generating complex.”

In Orlando, Brazil-based Megastron Development LLC has selected Duke Realty to be the general contractor of a 4-story, 133,000-square foot office building located at Kirkman Point in the South Orlando submarket of the city. Duke Realty will build the Class A office building at the corner of South Kirkman Road and Carrier Drive. The project will be designed to receive LEED for Core and Shell certification. The South Orlando submarket is a popular retail district for tourists, and the building will feature retail space on the ground floor beneath the offices.

“This is a well-known retail and business district in Orlando, and this project will provide high-quality office space in a submarket that does not have a great deal of Class A office space,” said Todd Johnson, vice president of construction in Duke Realty’s Orlando office.

The project is scheduled to be completed in February 2012. The 4-story building is phase one of Megastron Development’s planned 650,000-square foot, mixed-use development that calls for three additional office buildings and two parking decks.

In Jacksonville, the U.S. General Services Administration has selected the development team of Duke Realty and General Capital Group to develop, design and construct a 2-story, 48,000-square foot office development at Flagler Center, which is a 4-million-square foot business park located in South Jacksonville near the I-95/St. Augustine Road interchange.

Duke Realty will design the facility for LEED CI (Commercial Interior) certification. General Capital Group, which is the owner-developer of the project, will lease the space to GSA. The facility will be completed February of 2012.

“We are excited to continue our successful partnership with General Capital Group with the development of another Class A project,” Irmscher said. “Duke Realty is pleased to be selected to construct this facility for the General Services Administration, and to continue our valued relationship with the federal government by providing high-quality space for its agencies.”

Based in Fox Point, Wisc., General Capital Group is a leading developer of retail, industrial and office properties.

About Duke Realty

Duke Realty owns and operates approximately 139 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.