CHICAGO-The Jackson, MS-based REIT hopes to raise $125 million by selling a 50%- to 80%-stake in its recently acquired East Loop office building at 233 N. Michigan Ave., where lease terms have resulted in lower projected earnings.

CAROL STREAM, IL-The commercial food service equipment manufacturer keeps the warehouse/distribution space at 895 Carol Court, which is located near the company's headquarters at 355 E. Kehoe Blvd.

KILDEER, IL-The 175,000-sf community shopping center at Rand and Long Grove roads counts Bed Bath & Beyond, Circuit City, Cost Plus, Old Navy and Ulta 3 among its tenants. Stores open beginning this fall.

CHICAGO-Wexford Bancgroup provides bridge, structured equity and mezzanine funding to Bryn Mawr, LLC for its 362-room Marriott Renaissance Suites being built at Bryn Mawr and Cumberland avenues near O'Hare International Airport.

WAUKEGAN, IL-Two separate deals in the Waukegan-Gurnee Industrial Park and Northpoint Business Center involve a $1.1-million building sale and a build-to-suit following a $1.7-million land sale.

CHICAGO-In what is considered one of the more unusual real estate deals in recent years, air rights above the River Plaza parking garage at 405 N. Wabash Ave. will be sold through a sealed-bid auction later this year.

BOLINGBROOK, IL-Two deals in this I-55 Corridor suburb as well as nearby Romeoville take 125,000 sf off the industrial market. Millennium Transportation Systems Inc. moves from Burr Ridge.

BANNOCKBURN, IL-Oak Brook, IL-based Great Lakes REIT closes on the purchase of 3000 Lakeside Dr. in this far north suburb, buying in at a projected first-year capitalization rate of approximately 9%.