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Duke Realty aims to sell up to $400M of common stock

Duke Realty Corp. and its operating partnership entered into an equity distribution agreement to sell up to $400.0 million of its common shares from time to time.

The industrial real estate investment trust aims to use the net proceeds to partially finance its development and acquisitions, to reduce outstanding debt and for other general corporate purposes.

BTIG LLC, Citigroup Global Markets Inc., Jefferies LLC, Morgan Stanley & Co. LLC, Regions Securities LLC, SunTrust Robinson Humphrey Inc., UBS Securities LLC and Wells Fargo Securities LLC are the sales agents and/or principals.