What Is The Atlantic Club’s Owner Up To?

The Atlantic Club is still up for sale and its owners just modified a $10 million mortgage on their other Atlantic City Boardwalk property, The Claridge. These things are not related, Dale Schooley, director of acquisitions for the owners, TJM, told me yesterday. TJM paid cash for the Atlantic Club, Schooley added.

“We’re going to continue to market the property…the Atlantic Club. The Claridge is not for sale,” Schooley said.

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Mystery Buyer Nabs 101 S MLK, Best Western Gets $3 Mln Mortgage, Stockton Donor Buys Beach-Block Lots

Atlantic City’s real estate market has had a relatively busy spring so far. A shell company earlier this month spent $510,000 on an Atlantic City building that includes a Pacific Ave storefront and apartments, the Best Western has a new mortgage and a Stockton donor has acquired two beach-block lots from the Atlantic Club.

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