CONTRACT AWARDED BY ORIX / RREEF

Krusinski Construction Company has received a $1.5 million contract from ORIX Real Estate Equities Inc. and RREEF to complete a build-out at 1375 N. Weber Rd. in Romeoville, Ill. The 430,000-square-foot distribution center will be leased to Levy Home Entertainment.

Construction began on the build-out in late April. It is expected to be completed by mid July, according to Michael J. Metz, project executive.

Krusinski, which built the building as a spec warehouse in 2005 will add approximately 10,000 square feet of office space, including a shipping area and bathrooms. The project will also require the installation of extensive warehouse racking and a conveyor system.

The 30-acre site will feature 260 parking spaces, 49 interior docks and two drive-in doors. The project superintendent is Chuck Onik. Julius Kwasek of Kwasek Architects is the project architect.

Chicago-based ORIX Real Estate Equities is an indirect, wholly owned subsidiary of ORIX Corporation, a Tokyo-based integrated financial services company with more than $49 billion in assets and operations in 23 countries. ORIX develops, acquires and manages real estate properties in the U.S. and Canada. Its current portfolio, which exceeds $1.5 billion of properties, includes office, retail, multifamily and industrial investments in 20 states and provinces.

RREEF, a leading U.S.-based real estate investment manager, is a division of DB Real Estate, the real estate investment management group of Deutsche Asset Management. RREEF manages $18 billion in pension fund real estate investments for more than 200 corporate, public and international clients.