In this image released by St. John Properties, employees of the Maryland real estate firm react after finding out the company is surprising them with $10 million in bonuses at a holiday party, Saturday, Dec. 7, 2019, in Baltimore. (Wendy Hickok Photography via AP)
A commercial real estate developer is handing out a total of $10 million in bonuses to its 198 employees.
Edward St. John is the founder and chairman of St. John Properties. He said he couldn't think of a better way to show his thanks for his employees' hard work.
The bonuses are based on tenure. The average is $50,000, but some longtime employees are getting more than $250,000.
The company has employees throughout Maryland and Northern Virginia.
The bonuses celebrate the company’s achievement of developing 20 million square feet of office space, retail and warehouses across eight states. The Baltimore-based company announced the bonuses at its holiday party.
