Printer Friendly

Salomon Bros. signs at Terminal.

By leasing 32,000 square feet at the city-owned Brooklyn Anny Terminal, Salomon Brothers will receive exemptions from the city's commercial occupancy tax, a $500-per-employee city corporate income tax credit and other bonuses.

Catie Marshall, spokesperson for the Economic Development Corporation, said the company will enjoy sales tax credits and energy rebates as well.

Salomon will move some of its administrative services and a high-tech information library and some 120 employees to the light manufacturing facility. The investment banking company has signed a 10-year lease with a 10-year renewal option.

Two other companies - Silly Phillie Creations Inc. and LTL Designs - also signed leases for a total of 30,000 square feet. They will receive similar benefits.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Salomon Brothers Inc. leases commercial space at Brooklyn Army Terminal, New York, New York
Publication:Real Estate Weekly
Date:Jun 2, 1993
Previous Article:Al Berger & Co. selected agent by off-shore group.
Next Article:Diamond District sees expansion in leases.

Related Articles
Market showing sings for long-term recovery.
Smith Barney grows in Brooklyn.
Smith Barney acquires downtown buildings.
Salomon Bros. launches commercial mortgage conduit.
Retail resurgence continues to sweep Manhattan.
Big Six mergers shake-up market.
BAT undergoes renovations.
BAT renovations will be done this summer.
CB Richard Ellis has announed the promotion of Doug Lehman to vice president.
Change in the wind as city makes green power history.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters