9-Store Jewelry Retailer Looks to Open New HQ

London Jewelers, which runs nine upscale stores in the New York metro area, is looking to move to a new headquarters.

The company is seeking $1 million in tax breaks over a 25-year period in exchange for moving its HQ to Glen Head, Newsday reports. The company currently operates from three buildings in Glen Cove.

The company hopes to buy a vacant office building in Glen Head. It would invest $2.7 million and add seven jobs. London Jewelers currently employs 46 people at its headquarters.

London’s real estate attorney, Daniel P. Deegan, said the current space is “inefficient.” The new space would amount to 14,000 square feet.

London CEO Mark Udell wrote in the company’s application for aid that it requires new HQ space “in order to remain competitive within its industry.”

The Nassau County Industrial Development Agency has voted to negotiate with London on the package.

Read more at Newsday