(WTXL) — One of the largest commercial real estate firms in the Mid-Atlantic is giving all its employees a $10 million bonus.
Edward St. John, the founder and chairman of St. John Properties, announced at the company’s holiday party that all 198 employees will enjoy the bonuses.
It’s our honor to publicly announce that a $10 mil bonus will be paid to all SJP employees in celebration of achieving our goal of developing 20 mil SF of CRE space! We are thankful for each of our employees, and thrilled to reward them in such a big way! https://t.co/EhfuulmVoG pic.twitter.com/pdw3zH6DbF— St. John Properties (@stjohnprop) December 9, 2019
All 198 St. John Properties employees will be paid a bonus solely based on years of service, with the average employee receiving $50,000.
“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.”
This bonus will be paid out in addition to the company’s annual year-end bonus.