Real Estate NJ
South Jersey Industries has opened the doors to its new 72,000-square-foot headquarters in Atlantic City, joining Stockton University’s new campus as part of a high-profile, $210 million project to diversify the city’s economy beyond gaming.
Leaders of both organizations were on hand Wednesday to hail the completion of the project alongside public officials and the Atlantic City Development Corp., the developer behind the new complex. Located at the busy intersection of Atlantic and Albany avenues, the state-of-the-art glass office tower is now home to some 200 employees of the utility, bringing year-round foot traffic to the city’s Chelsea section alongside more than 1,500 students.
South Jersey Industries CEO and President Michael Renna was among those who celebrated the milestone, touting the company’s return to the place of its founding.
“The city needed and desired greater economic diversity, and I think that’s a really important part of the ‘South Jersey Gas coming home’ story,” Renna said. “This was a casino-centric town. We are now bringing back one of the largest employers in southern New Jersey, so it’s really exciting for us and I think it’s a great thing for the city.”