New-York tribune., 1920-04-25
New York Brokers
aid to Have
Finest Offices
10th Street Home of Doug
las l.. Gilman & Co. Re.
garded Among Best i'm
Country; 10 Stories High

Douglas L. Gilman & Co. have taken
possession Of their fine building, built
| exclusively for their needs at Is East
Forty-ninth Street. The company's re-
moval from Madison Avenue, where it
began to do things in the real estate
world nine years back, was not to have
occurred for another week at least, but
fire destroyed the Gilman offices at
Ala Madison Avenue week ago and
the firm had to scurry around the COR
ner to the new building.
1t was fortunate that the new struc-
ture was so we'll advanced, or the firm
would have had to stop doing things
for while. The fire did no great
damage to the records, but the offices
were badly mussed up and would have
required a little time and some money
to be restored.
The new headquarters of Douglas L.
Gilman Co. is ten stories high, Of
the architectural type which has made
the Fifth Avenue district the most
talked of business section in the world
The statement is made that the Gilman
building is among the finest and most
costly real estate establishments in the
country; 1t is stone within and with
out. This is particularly so of the
first floor, where are located the gen
eral offices of the firm. The concern
also will occupy the first three floors,
and possession of other floors will he
made possible, it is understood. at
short notice to permit the expansion
of business.
Started in Basement Store
When they took the basement store
IN All Madison Avenue back in 1911
che company thought it's needs would
act require more space for a long
sime. That year the firm did $4,000, 900
: 81 business, which was healthy start
Tor new concern. Four years later
they moved across Madison Avenue to
az, where a building was altered by
David Dow for the especial use of
Douglas L. Gilman & Co., who had
arranged twenty one-year lease on
the premises. The Offices were spa
clous. and Douglas Gilman remarked
at the time that they were sufficient
Tor the needs of his firm for q long
time to come. But good judges as he
and others of his organization are
they failed to measure the speed and
capacity of their own concern, and
%ltnln the year it was evident that
they mad not taken enough room.
caution prompted DELAY and time
proved that larger premises were es
East Eorty-ninth Street W was snu Dur. r..
chased with the object of erecting
I building there for the firms use. Cross
g Cross, architects, designed the
! building after conferences with the d
fectors and officers of the company, who
outlined the essential fca.ures in the
arrangement and construction of Of
nces that service might be perfect.
Huge Business Last Year
The main Office is dignified and con-
veys the air Of stability, integrity Of
purpose and the business ability IF
the company, which last year neeo-
tlated sales and leases totaling $50.
100000. T'0'
The larger premises are needed be-
cause the firm has extended its
activities. At first it confined it's cf
iorts to the fine East Side apartment
and dwelling section. Now it also lists
sells and leases country properties in
the best sections of our suburbs, has
a large insurance business and bust
ness property department..
Douglas L. Gilman {; Co. consists NJ
douglas l.. Gilman, president, and
treasurer; Roland +. Gilman and
Argyll Il. Parsons, vice-pre sidents:
Henry A. Frey, secretary. Directors
OF tne company include the officers
mentioned above and Herbert r.
lawrence, ~ Alfred F. Taylor, Herbert A.
iidman, Burgoyne Hamilton, Robert
=. hnapp and Leslie H. Moore.