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IBM NORTHWEST RENEWS LONG-TERM LEASE ON DOWNTOWN HEADQUARTERS

 SEATTLE, July 9 /PRNewswire/ -- International Business Machines (IBM) Corp.'s Northwest Trading Area today announced that it has signed a new long-term lease for its headquarters office space in the IBM Building, 1200 Fifth Ave. in Seattle.
 Under the new lease, IBM will occupy 80,000 square feet, or seven floors of the building it has called home for the past 30 years.
 The building is managed by Unico Properties and owned by the University of Washington.
 Lee Roberts, general manager for the company's Northwest Trading Area, said, "This long-term commitment affirms the importance IBM places on this region as a market for our products and services. Moreover, we hope it helps demonstrate the attractiveness and viability of downtown Seattle as a center of commerce for many, many years ahead."
 In addition to its office space in the IBM Building, the company leases 31,000 square feet in the One Union Square Building and leases a service operations parts center in SeaTac.
 No terms of the new lease were announced by the parties involved.
 IBM's Northwest Trading Area provides products and services to customers throughout Washington and Alaska.
 -0- 7/9/93
 /CONTACT: Cindy Wheeler of IBM, 206-587-5884/


CO: IBM Corp. ST: Washington IN: SU:

JH-SB -- SE001 -- 9858 07/09/93 11:00 EDT
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Publication:PR Newswire
Date:Jul 9, 1993
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