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Trump Entertainment is in the process of selling historic office space in Atlantic City that it bought in 2006.
The property, on Atlantic City’s Pennsylvania Avenue, is an old firehouse that has been renovated and made into some of the best office space in the city. The asking price is currently USD 4.7 million.
With over 12,260 square feet of office space, and 76 parking spaces, as well as being located only a couple blocks from the ocean, the property is considered one of the prime office locations in Atlantic City.
Trump attorney John Donnelly told pressofAtlanticCity.com that over USD 2.5 million had been spent converting the space into prime office space. However the company doesn’t need the space, as it has brought all its operations under one roof at the Trump Taj Mahal Casino Resort.
“By far, this is the nicest office space in Atlantic City. The fit-out is spectacular,” Joshua Levin, of Levin Commercial Real Estate told the news portal.
“This is quite a flagship office building.”
Gerald LaHay, an associate at Levin’s firm, added: “There aren’t a lot of freestanding office buildings like this one at this time. You may have a company out there that is looking for a high-exposure location and image, and this office building offers just that.
“There are a lot of New York investors coming to Atlantic City.
“What they can get here for USD 500,000 would cost them millions there.”
Trump Entertainment is currently planning on selling Trump Marina Hotel Casino, also located in Atlantic City, to Landry’s Restaurants, the same company that operates the Golden Nugget in Las Vegas.
It has recently been rumoured that Donald Trump is considering running for president in 2012.