Atlantic City Retail Space

Wolf Commercial Real Estate (WCRE) is the Atlantic City commercial real estate broker that clients rely on for Atlantic City retail space. We represent buyers, sellers, owners, and tenants for their Atlantic City retail space needs throughout the state, the region, and the entire country.

With an intensive focus on our client’s business goals, our commitment to community, and our highly personal approach to client service, the team at our Atlantic City commercial real estate brokerage firm is creating a new culture and a higher standard in representing Atlantic City retail space.

As experts in Atlantic City commercial real estate listings and commercial real estate services, Wolf Commercial Real Estate goes well beyond simply helping with property transactions. As the foremost Atlantic City commercial real estate brokerage firm, WCRE serves as the advisor and strategic partner that is invested in the long-term growth and success of your Atlantic City retail operation.

At WCRE, we learn about your retail real estate goals and make them our own to create an enduring partnership. We provide our clients with ongoing detailed information about Atlantic City retail space to help them achieve their property and financial objectives. Our Atlantic City commercial real estate services are of the highest quality and encompass both our proven expertise and total commitment to client-focused relationships.

For retail property owners looking to sell or lease their Atlantic City retail space, the team at our Atlantic City commercial real estate brokerage firm has developed a defined marketing process we tailor to each property and sub-market. Our proven strategy works to effectively match buyers and tenants with available Atlantic City retail space for sale or lease.

Atlantic City retail space and rents are very aggressively priced and market trends show the region is poised for a massive rebound in retail business. For more information, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), at Wolf Commercial Real Estate, an Atlantic City commercial real estate broker.

About Us

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Atlantic City commercial properties for sale or sale through our Atlantic City commercial real estate brokerage firm.

Booming Borgata in Atlantic City Plans $14 Million Renovation

Hotel-Casino Spends for New Lobby Bar, Face-Lift for Suites

The Borgata Hotel Casino & Spa, the top gambling moneymaker in Atlantic City, New Jersey, is trying to up its game, spending $14 million for improvements to spiff up its lobby and suites.

The 2,000-room property at 1 Borgata Way in Atlantic City’s marina district will be adding the Lobby Bar and an adjacent VIP check-in, as well as redesigning more than 300 of its Fiore Suites, the MGM Resorts International venue said this week.

Those updates follow the Borgata’s recent debut of a sports-entertainment venue, Moneyline Bar & Book, and nightlife club, Level One Cocktail Bar & Lounge, projects that entailed a $12 million investment.

Atlantic City’s gaming industry underwent tough times a few years ago, and there was a shakeout of casinos. Several have since reopened. But the Borgata has been a success story, a top performer in terms of generating gambling revenue in the seaside city. Out of nine casinos, the Borgata in July by a large margin racked up the most total gaming revenue, roughly $88 million, up 15% from a year ago, according to the New Jersey Division of Gaming Enforcement. For the year to date to the end of July, the Borgata also ranked No. 1, with $455 million in total gaming revenue, a rise of roughly 2%.

The Borgata’s new 1,700-square-foot lobby bar area is set to include three large-screen televisions, coffee service featuring Lavazza products, and offer a tapas and cocktail menu. With art deco-inspired interior design by Avenue and architecture by Nelson Worldwide, the new bar will have “a speakeasy ambiance,” according to Borgata’s statement. It will feature custom wood and brass detailing and velvet-upholstered lounge seating, and serve as a piano bar with live entertainment on weekends.

The lobby improvements are slated to be completed this month.

The Borgata’s updated Fiore Suites, designed by MGM Resorts Design & Development with architecture by Nelson Worldwide, will be equipped with custom entertainment centers featuring stone countertops, gold-dusted sconces and USB charging ports. The Borgata plans to have redesigned a total of 312 Fiore Suites by early 2020.

“The reinvention of our business has been a core principle since our 2003 debut, and we are pleased to continue developing the type of engaging product that our guests have come to anticipate,” Borgata President and Chief Operating Officer Marcus Glover said in a statement.

The Borgata has 106,000 square feet of event space; 161,000 square feet of gaming; 189 table games; 2,994 slot machines; a 75-table poker room; 11 boutiques; five fine-dining restaurants by renowned chefs; and 10 casual food options.

For more information about Atlantic City a office space for sale or lease in Atlantic City or about any other Atlantic City commercial properties for sale or lease, please contact WCRE at 856-857-6300.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Atlantic City commercial real estate broker that provides a full range of Atlantic City commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Atlantic City commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Atlantic City  commercial properties for lease or sale through our Atlantic City  commercial real estate brokerage firm.

*Article is courtesy of CoStar News, SEPTEMBER 06, 2019|LINDA MOSS

Stockton University OKs Atlantic City Student Housing Partnership

But Board Says It Needs Extra $5 Million a Year from State for Project With AC Devco to Move Forward

Stockton University has decided to move ahead with plans to expand student housing for its Atlantic City, New Jersey, campus, but it says it can’t proceed unless it gets financial help from the state of New Jersey.

At a special meeting Wednesday, the school’s board of trustees authorized the administration to negotiate a public/private partnership with Atlantic City Development Corp., known as AC Devco, for the second phase of its student housing project. AC Devco, a nonprofit redevelopment company, is proposing to build a $62 million, 405-bed residential complex on property adjacent to Stockton’s campus on Atlantic Avenue in Atlantic City.

However, the trustees’ approval is contingent on the state appropriating at least an additional $5 million in annual aid to the university to support the ongoing academic and operating costs associated with the project and the university’s Atlantic City operations, Stockton said in a statement.

Gov. Phil Murphy’s office didn’t respond to a request for comment.

The university, based in Galloway, New Jersey, has created a $178.3 million campus on Atlantic City’s well-known boardwalk. Diversifying the seaside city’s economy beyond gambling, with newcomers like Stockton, is considered a linchpin in the gaming mecca’s successful future and ongoing economic recovery.

Last fall, Stockton and AC Devco opened a roughly 56,000-square-foot academic center at 3711 Atlantic Ave.; a 535-bed, nearly 220,000-square-foot student residential complex that faces the beach at 3701 Boardwalk; and a seven-story, 875-space parking garage at 3800 Atlantic Ave.

The additional student housing would be built on the site of the Eldridge Building at 3532 Atlantic Ave. , a university spokeswoman said in an email. The building is vacant and would be torn down and replaced by the student housing, according to the spokeswoman.

Currently, the university has housing for 3,484 students at both the Galloway and Atlantic City campuses. In fall 2018, the occupancy rate was 98%, Stockton said. The residential complex in Atlantic City is projected to be at capacity for fall this year, according to the university. Based on current and projected enrollment, Stockton said it will need additional housing in the 2021-2022 academic year.

In testimony before the state General Assembly budget committee in May, Stockton President Harvey Kesselman requested a $5 million increase in its annual appropriation in recognition of the university’s investment in Atlantic City and New Jersey’s students. This funding would be in addition to any money the state deems appropriate to promote funding equity among the four-year public comprehensive and research universities, according to Stockton.

Stockton and Montclair State University currently receive the lowest funding from the state per full-time student among the four-year public comprehensive and research universities, Kesselman said. Stockton received $18.4 million in direct operating funds from the state last year, according to the university spokeswoman.

“We are hopeful that the state will continue its investment in Atlantic City towards establishing an ‘eds and meds’ corridor critical for the city’s future, while stemming the outmigration of New Jersey students,” Kesselman said in a statement. “We are proud to play a role in this initiative but cannot proceed without corresponding state funding. The Legislature’s and the governor’s support are critical for this project to proceed.”

The Legislature hasn’t presented its budget yet, and it won’t be finalized until June 30.

As a leading Atlantic City commercial real estate broker, the team of real estate professionals at Wolf Commercial Real Estate helps owners sell and/or lease their office space in Atlantic City through a defined marketing process that we tailor to each property. This proven strategy successfully matches buyers and tenants with available Atlantic City office space.

Whether you are looking for Atlantic City commercial real estate listings, commercial properties, office listings, and office properties anywhere in the country, WCRE is the premier Atlantic City commercial real estate broker that can help you find the office property that best suits your needs. Our Atlantic City commercial real estate team ensures the sale or lease terms seamlessly fit your commercial real estate goals.

For companies and individuals seeking new office space in Atlantic City, the knowledgeable team at our Atlantic City commercial real estate brokerage firm is experienced in identifying the Atlantic City office space that best suits your needs. Our Atlantic City commercial real estate team will ensure the sale or lease terms for your new office space in Atlantic City are the best fit for your commercial real estate goals. For more information, please contact the team at Wolf Commercial Real Estate, an Atlantic City commercial real estate broker at 856-857-6300.