For immediate release

CHICAGO, IL (January 2007) — Forest City Enterprises Inc. recently unveiled The Promenade Bolingbrook, a new 1.1 million-square-foot, main street-style town center located in Bolingbrook, Ill., a western suburb of Chicago. The Cleveland-based real estate firm chose Graycor Construction to build the nine-city-block, open-air lifestyle center. Situated on 160 acres, The Promenade boasts over 1 million square feet of retail, restaurant, office and outdoor social gathering space, providing village residents with their first real downtown.

“We chose Graycor Construction based on its extensive résumé in building and repositioning these types of lifestyle centers, which are currently a particular focus in our retail endeavors,” said Joginder Singh, executive vice president of construction, Forest City Enterprises. Architectural services were provided by ka architecture, along with designer Redmond Schwartz Mark Design.

Development of the upscale urban main-street community entailed more than a mile of new and reworked public roadways, 1 million cubic yards of earthwork, nearly 3,500 new trees and shrubs, more than 1 million square feet of retail space including 11 restaurants, 40,000 square feet of office space, plans for a 133-room hotel, and more than 7,000 parking spaces total.

“In order to create the main-street ambiance while incorporating architectural embellishments that are visually interesting, but also unique to the architecture of the surrounding area, a multitude of finishes and materials were used in constructing the center,” said Dave Wing, vice president and general manager, Graycor Construction. “While the majority of retail projects have two or three architectural finishes, The Promenade Bolingbrook boasts more than 10 types used on eight different buildings and common areas throughout the complex,” he added.

In total, more than 2,200 tons of steel; eight different types of brick; three types each of stone, glass and sunshades; and two types of gypsum fiber reinforced concrete were utilized to create consistency without sacrificing architectural appeal. In addition, six of the eight buildings are candidates for LEED certification, and the project incorporated many green components including water-conservative fixtures, environmentally safe paints and adhesives, and designated parking for hybrid vehicles.

About the Graycor Companies

The Graycor companies – Graycor Industrial Constructors Inc., Graycor Construction Company Inc., Graycor Blasting Company Inc., and Graycor International – provide a wide variety of industrial and commercial construction services, as well as industrial maintenance technologies, across North America. As a top ranking industry leader with annual revenues in excess of $600 million, Graycor commits to safe working environments, demands excellence and rewards passion. Established in 1921, Graycor employs more than 1,500 construction specialists at the Chicago headquarters, regional offices and project locations across the United States, Canada and Mexico. For more information on the Graycor family of companies, visit www.graycor.com or call 1-800-455-0440.