Holiday bonuses are always appreciated but for employees at Baltimore-based commercial real estate developer St. John Properties, the bonuses were huge and unexpected.
Edward St. John, the founder and chairman of St. John Properties, used the company’s holiday party to announce that all 198 employees would share a $10 million bonus. The amount each employee gets is based on tenure, but the average bonus was $50,000, with some employees receiving bonuses upward of $250,000. St. John Properties has employees throughout Maryland and Northern Virginia.
St. John Properties said the bonuses celebrate the company’s achievement of developing 20 million square feet of office space, retail and warehouses in eight states.
The party was held at the Grand Baltimore on Dec. 7.
“To celebrate the achievement of our goal, we wanted to reward our employees in a big way that would make a significant impact on their lives,” said Edward St. John. “I am thankful for every one of our employees for their hard work and dedication. I couldn’t think of a better way to show it.”
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP