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Axiom to manage IBM facilities.

Axiom Real Estate Management announced it has reached agreement with IBM for Axiom to manage over 8 million square feet of IBM facilities in Kingston and Poughkeepsie, New York.

Axiom will provide a full range of site services involved in the daily operations of the 50 buildings which make up the two IBM sites including engineering services, security, mail room and reproduction services and chemical and environmental operations.

Locally, the Axiom Metropolitan DC portfolio consists of approximately 40 properties serving 15 clients and covering approximately 4 million square feet (1.8 million square feet facilities and 2.2 million square feet third party/investment management). Other properties managed by Axiom include Tycon Tower, Northern Telecom and Beltway Business Center.

Axiom was established as a separate joint venture company in 1992 by IBM and the Grubb & Ellis Company to provide facilities management services to IBM and to third parties. Axiom currently manages over 80 million square feet of office and industrial space.
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Title Annotation:Banking & Finance; Axiom Real Estate Management to manage facilities in Kingston and Poughkeepsie, New York
Publication:Real Estate Weekly
Date:Apr 21, 1993
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