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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.
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Title Annotation:Salomon Brothers Inc. leases commercial space at Brooklyn Army Terminal, New York, New York
Publication:Real Estate Weekly
Date:Jun 2, 1993
Words:116
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