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Max
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Max
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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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