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NORTHBROOK, IL-In an SEC document filed today, Grubb & EllisRealty Advisors execs say the company is offering 20.8 millionunits at $6 per share, which is expected to generate $125 million.Of the 20.8 million units offered, 19.16 million units are beingoffered to the public and 1.6 million units are being offered toKojaian Ventures LLC. Kojaian Ventures is an entity affiliated withC. Michael Kojaian, the chairman of the company's board ofdirectors.

When the company originallyreleased the news of its IPO in October, it anticipated proceeds of$150 million, based on the sale of 25 million shares. However, thecompany amended its offering 16.66 million units at $6 per share,which amounted to $100 million. According to the today's SECdocument obtained by GlobeSt.com, the company will now offer 20.8million units at $6 per share.