Duke Realty sells off $265 million of assets

Duke Realty Corp., which owns office and industrial properties around the country, said Tuesday it raised $265 million by selling off several assets in the fourth quarter of last year.

The real estate investment trust said it would use the proceeds to pay down debt, including $125 million of bonds maturing next month.

Duke sold off an 80 percent interest in two industrial properties for $86.7 million and four office properties for $59.8 million and nine undeveloped parcels for $118.7 million.

Shares fell 2 cents to close at $9.26 Tuesday.