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Max
Property for Investment?
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Max
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extensive inventory of triple net Office
Max
Properties for sale in Washington DC, Maryland, Virginia and the entire
United States.
About Office
Max:
OfficeMax (NYSE: OMX), is
an office supplies
retailer that was founded in 1988 and is headquartered
in Naperville,
Illinois. As of 2011, it is the
second largest office supplies retailer in the United States,
behind Staples but ahead of Office
Depot[1].
On April 1, 1988, OfficeMax was
founded in Cleveland, Ohio, by Michael Feuer (who served
as chairman and chief executive
officer) along with seven other associates. On July 5, 1988, OfficeMax opened its first retail
store in the
Golden Gate Shopping
Center in Mayfield Heights, Ohio this location still remains
open.
OfficeMax grew by acquisition
with Office World first in November 1990 with Office World executive
and Montgomery Ward becoming minority shareholders.[2] [Office Square]] stores in 1990 was purchased from Kmart, in exchange for a 22% equity
stake.[3] In 1991, Kmart increased its stake in OfficeMax to 92%.[4] In January 1992, OfficeMax acquired five sites from
Highland Superstores in Boston. OW Office Warehouse, a Virginia-based regional chain, was acquired in June 30, 1992.[5] The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993
from
Intelligent Electronics. [6] ON August 16, 1993, Officemax join Kmart and most of its other specialty stores in the
"largest power center" in Utica, Michigan and joined by Best Buy]].[7] OfficeMax acquires a 19% stake in Corporate Express, a contract
stationer.[8] In May 1994, Kmart put a plan in front of its stockholders to sell 20% to 30% of each of its
specialty store subsidaries shares on the open market to pay down debt and fund future expansion of the
subsidaries.[9] Kmart's shareholders turn down the proposal at their June 3 annual
meeting.[10] In November 1994, FurnitureMax store within a store concept begins testing in the
Ceveland market.[11] In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became
a NYSE-(OMX)-publicly-traded corporation, based in Shaker Heights,
Ohio.[12]
Office
Max
Properties For Sale Across the United States:
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