Market Overview

HFF Announces Sale of 3 Buildings within Countyline Corporate Park in Miami

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Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of three newly
constructed, fully-leased, Class A, trophy industrial buildings in
Countyline Corporate Park totaling approximately one million square feet
in the Miami MSA.

HFF marketed the property on behalf of the seller, Flagler Global
Logistics, a wholly-owned subsidiary of Florida East Coast Industries,
LLC (FECI). Duke Realty Corporation purchased the asset free and clear
of existing debt.

Countyline Corporate Park is Miami-Dade County's newest master-planned
business park and will ultimately contain up to eight million square
feet of commercial space within approximately 500 acres. Countyline
Corporate Park enjoys a strategic location bordering Florida's two
largest counties and offers convenient access to the region's principal
highway systems to connect with 83 percent of South Florida's population
within a 60-minute drive. Combined with its state-of-the art industrial
design, highly functional improvements and business park setting,
Countyline Corporate Park was the ideal choice for tenants like KLX
Aerospace., CGI Windows & Doors, Hyde Shipping and others, which fully
pre-leased the three buildings prior to completion.

The HFF investment advisory team representing the seller included
managing directors Luis Castillo and Adam Herrin, executive managing
director Manny de Zárraga, senior managing directors Rusty Tamlyn and
Coleman Benedict and director Tracey Goo.

"Investor interest for industrial properties in South Florida remains
exceptionally high, and savvy investors like Duke Realty are
strategically pursuing opportunities to build scale in gateway markets
with strong long-term growth potential like Miami," Castillo said.
"Flagler successfully executed its business plan for the first three
buildings within this world-class business park, and we are honored to
have represented one of the preeminent developers in our market on this
assignment."

HFF is a top-producing capital markets intermediary in the country for
industrial assets, having closed more than $41 billion in over 2,225
transactions since 1998. The firm has experience in securing
transactions for all types of industrial assets, including bulk
warehouse, flex, R&D, manufacturing, cold storage and telecommunications.

About Flagler Global Logistics

Flagler Global Logistics is one of Florida's oldest and largest
full-service commercial real estate and development companies.
Headquartered in Miami, Florida, Flagler has a rich history dating back
over a century. Mr. Henry Flagler first established a predecessor
company in 1892, which became a pioneer in the development of Florida's
eastern coast. Flagler is a wholly-owned subsidiary of Florida East
Coast Industries, LLC, which is owned by private equity funds managed by
affiliates of Fortress Investment Group, LLC. For more information,
visit www.feci.com.

About Duke Realty Corporation

Duke Realty Corporation owns and operates approximately 149 million
rentable square feet of industrial assets in 20 major U.S. metropolitan
areas. Duke Realty Corporation is publicly traded on the NYSE under the
symbol DRE and is listed on the S&P 500 Index. More information about
Duke Realty Corporation is available at www.dukerealty.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE:HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

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