Duke Realty Corporation

Duke Realty Corporation is one of the leading real estate investment trusts headquartered in Indianapolis, Indiana in the USA. Established in 1972 with $40,000 as capital, its first development was in the north-western part of Indianapolis in Park 100. Since then, it has carved out a niche in the industry and now owns more than 15 properties across the country. It is listed on NYSE under the ticker “DRE”. DRE has managed to transform the Park 100 neighbourhood into one of the largest industrial parks in the country; it covers an extensive area of approximately 1500 acres. After becoming successful in Indianapolis, DRE decided to expand its portfolios in other areas. Following this, it started developing office buildings and opened its first satellite office. Moreover, it also started operating in Cincinnati. Over the next two decades, DRE grew at a fast pace, and its presence became more prominent in the Midwest. It opened new offices in a lot of cities which included Nashville, Minneapolis, Chicago and St. Louis. It became one of the leading property owners in these cities. DRE was listed on NYSE in 1993 and raised more than $310 after issuing an IPO. In 1999, it merged with Weeks Corporation and formed a diversified real estate company with an estimated worth of $5.2 billion. In 2006, Duke Realty Corporation cemented its place in the east by acquiring a portfolio of a metropolitan area from The Mark Winkler Company in Washington DC. The total purchase of their portfolio, which included underdeveloped land and existing buildings amounted to round about $855 million. Furthermore, it also acquired properties in more places like New Jersey and Baltimore. Between 2015 and 2017, the DRE expanded to parts of California, Pennsylvania and Florida by acquiring state of the art warehouse facilities. American Heart Association declared DRE the gold winner of the Workplace Health Achievement Index. Moreover, it has also received other awards for its employing excellence. In 2020, the company has been ranked 1693rd on Forbes’s Global 2000 list.