Grubb & Ellis Prices Stock Offering

Published June 30, 2006, 2:00 p.m. EDT

1 Min Read

Grubb & Ellis Co., a Northbrook, Ill., commercial real estate services firm, has priced the sale of 10 million shares of its common stock at $9.50 per share.The company said the shares would be sold by the company and its majority-controlling stockholder. Deutsche Bank Securities Inc. is the sole book-running manager of the offering. Grubb & Ellis said it has granted the underwriters an option to buy up to 1.5 million additional shares to cover any overallotments. The company can be found online at http://www.grubb-ellis.com.

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