Archives for the ‘Development’ Category

3 Aug 2015

Bendix Signs Purchase Agreement with Jacobs

CLEVELAND August 3, 2015 Jacobs Real Estate Services (JRES) announced today that it has signed a purchase agreement with Bendix Commercial Vehicle Systems LLC for a nearly 60-acre site on Chester Road in Avon, Ohio.

“We are pleased that Bendix has chosen our site, and we look forward to working with such a first-class organization,” said Jim Eppele, JRES executive vice president. “With its ease of access and variety of retail, hotel and dining options nearby, Avon is well-suited to support Bendix’s present and future needs.”

Bendix is the North American leader in the development and manufacture of leading-edge active safety and braking system technologies for commercial vehicles. The move to Avon will enable Bendix to further expand its business and sustain its ability to develop solutions to meet the needs of the commercial vehicle industry.

“We are pleased to select Avon as the community for our future and excited about this next chapter in our history,” said Joe McAleese, Bendix chairman. “Our new location allows Bendix to continue drawing from the skilled workforce in Northeast Ohio that has contributed so importantly to our success. And the site in Avon will not only allow us to remain in Lorain County, but will accommodate the expanded, updated facility required to maintain – and accelerate – the rapid growth we’ve experienced, particularly over the past dozen years. We remain deeply grateful to Elyria for the support it has shown us over our many decades as a part of the community.”

A groundbreaking date for the new headquarters has not yet been finalized and is contingent upon final approvals from state and local entities. Bendix will continue to operate out of its Elyria headquarters until construction of the new headquarters is complete.

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years of experience. For more information, visit www.jresgroup.com.

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23 Apr 2015

Cabela’s Store to Open in Avon

CLEVELAND April 23, 2015 Jacobs Real Estate Services (JRES) announced today that Cabela’s, a leading outdoor sporting goods retailer, will be opening a store in Avon. JRES will be the developer.

Cabela’s expects construction on the 81,000-square-foot store to begin later this year, and anticipates a fall 2016 opening. It will be located off Exit 153 of Interstate 90 near Chester Road.

“We are excited to be bringing a Cabela’s store to a flourishing community like Avon,” said James Eppele, executive vice president at JRES. “With close proximity to the interstate, it will be easily accessible to outdoor enthusiasts throughout Northern Ohio.”

Cabela’s expects to employ approximately 225 full-time, part-time and seasonal employees at the store. Upon opening, it will become the fourth Cabela’s store in Ohio, joining the Columbus location that opened in 2013, the West Chester store scheduled to open this fall and the Centerville store expected to open in spring 2016.

The Avon location will be built in Cabela’s new-format layout, designed to offer customers an immersive outdoor experience with log construction, stonework, a mountain replica, aquarium, dozens of wildlife displays and taxidermy mounts, hand-painted murals, vintage outdoor photos and an indoor archery range.

Additionally, the store will include a cafe, fudge shop, boat shop, gun library, bargain cave and Cabela’s Wildlife and Land Management product offering, along with thousands of quality outdoor products.

“Cabela’s has been interested in Northern Ohio and the Greater Cleveland area for some time now, and we’re absolutely thrilled to announce this location in Avon,” said Tommy Millner, chief executive officer at Cabela’s. “Ohio has proven to be a state full of outdoor enthusiasts, and full of loyal Cabela’s customers. Now Cabela’s will have a fourth conveniently located store to serve Ohioans and help them enjoy their time outdoors.”

Cabela’s currently operates 67 stores across North America and has announced plans to open an additional 19.

About Cabela’s Incorporated

Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program.

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years of experience. For more information, visit www.jresgroup.com.

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19 Aug 2014

Senior Living Facility Planned for Avon Place

CLEVELAND – August 19, 2014 – Jacobs Real Estate Services (JRES) announced today that it has agreed to sell 32 acres of land in its Avon Place development for the construction of Rose Senior Living at Avon, a 175-unit senior living congregate care facility with 76 townhomes. 

The main facility will be approximately 190,000 square feet and act as a town center for the congregate care facility and townhomes. It will include a number of dining venues, a lounge, common areas, chapel, and recreational and fitness areas. The exterior will be extensively landscaped and provide a variety of outdoor recreation and dining areas for residents and guests. 

“With this deal for a Rose Senior Living project in place, the Avon Place development continues to gain momentum,” said Jim Eppele, JRES executive vice president. “Especially since it comes on the heels of our recent announcements of the new rehab hospital, a hospital tower, preschool, hotel and event center all underway.” 

Avon Place is a 132-acre, master-planned development located in Avon, Ohio, near I-90 and Nagel Road. It is currently home to the Cleveland Clinic Richard E. Jacobs Health Center, which has an adjacent hospital tower under construction. 

Other projects underway at the development include a 60-bed adult inpatient rehabilitation hospital built as part of a joint venture between Cleveland Clinic and Select Medical, a 116-room Residence Inn by Marriott hotel with an attached 10,000-square-foot conference center and a Primrose Schools preschool. Plans call for other related facilities, such as offices and restaurants. 

Rose Senior Living at Avon is a venture of Edward Rose & Sons, a privately held real estate development and management company established in 1921. It has forged a strategic partnership with Ecumen Associates of Minneapolis to manage the senior living portion of the business. Ecumen is known for innovative techniques and strategies to support an aging population and empower its residents to live a full life.  

“Located in a tremendous and growing community like Avon, and with such close proximity to the interchange and a Cleveland Clinic hospital, it was an easy decision to choose this site for our Rose Senior Living project,” said Paul Mott, Edward Rose & Sons director of asset acquisition. 

About Edward Rose Senior Living

Edward Rose Senior Living develops senior living congregate care facilities that provide upscale independent, assisted and memory care living options. Based in Michigan, it has a facility in Tennessee and a number of others under construction or planned in Michigan, Indiana and Washington. For more information, visit www.roseseniorliving.com. 

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years’ experience. For more information, visit www.JRESgroup.com. 

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11 Aug 2014

Avon Place Expands with New Child Care Center

CLEVELAND, Ohio – August 11, 2014 – Jacobs Real Estate Services (JRES) announced today that a Primrose Schools educational child care facility will be constructed at its Avon Place development in Avon, Ohio.

The 12,000-square-foot school will be located on a two-acre site on Nagel Road, near Lear Industrial Parkway. Construction is expected to begin later this month and should be completed by early 2015. When complete, the school will have capacity for more than 200 students and will employ about 30 people.

According to a Plain Dealer story, the school’s owner, Divya Singh, chose Avon because it “was a growing area with many new families.” Avon Planning Coordinator James Piazza said in the story that, “The daycare center will be right next to the Cleveland Clinic, which is expanding. Soon there will be more than 1,000 employees in that area, including many working mothers. There are no other daycare centers close by.”

“Bringing in top-notch service providers such as Primrose Schools is all part of our master plan to develop Avon Place into a prime destination for healthcare, work, dining and shopping for Avon residents and those in the surrounding suburbs,” said Jim Eppele, JRES executive vice president.

About Primrose Schools

Founded in 1982, Primrose Schools is the nation’s leader in providing a premier educational child care experience in more than 280 schools in 20 states. Each Primrose is independently owned and operated by its franchise owners. For more information, visit www.PrimroseSchools.com.

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years’ experience. For more information, visit www.JRESgroup.com.

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10 Jun 2014

Rehab Hospital to be Built at Avon Place

CLEVELAND, OhioJune 10, 2014 – Jacobs Real Estate Services (JRES) announced today that a 60-bed adult inpatient rehabilitation hospital will be constructed at its Avon Place development in Avon, Ohio. It will be built as part of a joint venture between Cleveland Clinic and Select Medical.

The rehabilitation hospital will be located on 12 acres adjacent to the Cleveland Clinic Richard E. Jacobs Health Center, which is on Just Imagine Drive. Construction is expected to begin this summer with the goal of opening in late 2015.

“This project is another chapter in how Avon Place is growing into a medical campus that will support other ancillary developments, such as restaurants, offices and the Residence Inn by Marriott, which is already under way,” said Jim Eppele, JRES executive vice president.

About Cleveland Clinic

Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921. More than 3,000 full-time salaried physicians and researchers and 11,000 nurses represent 120 medical specialties and subspecialties. Patients came for treatment from every state and from more than 130 countries. Visit www.clevelandclinic.org for more information.

About Select Medical

Select Medical is one of the nation’s largest providers of specialized acute and post-acute care. Its network of nearly 32,000 employees operates or supports more than 100 hospitals specializing in long-term acute care, 15 medical rehabilitation hospitals, and more than 1,000 outpatient clinics offering physical and occupational therapy. Select Medical (NYSE: SEM) was founded in 1996 and is based in Mechanicsburg, Pennsylvania. For more information, visit www.selectmedical.com.

About Jacobs Real Estate Services LLC

Jacobs Real Estate Services provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized-use facilities and mixed-use developments. It is an independent affiliate of The Richard E. Jacobs Group, one of the nation’s premier developers of commercial real estate with more than 50 years’ experience.

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20 Dec 2012

Nagel Road Interchange in Avon Opens with Jacobs Group Support

CLEVELAND – Dec. 20, 2012 – A new interchange opened today on Interstate 90 at Nagel Road in Avon, Ohio, with the support of The Richard E. Jacobs Group (Jacobs Group), one of the country’s leading commercial real estate developers.

“The Jacobs Group is proud to have partnered with the City of Avon, Ohio Department of Transportation, the Cleveland Clinic and others to see this interchange come to fruition,” said James Eppele, executive vice president. “What’s particularly impressive is the close collaboration among all involved to complete the new interchange some seven to nine months ahead of schedule.”

The $27 million project was financed by the city, in part, through Tax Incremental Financing, along with the Jacobs Group providing one-third of the funding. It is believed to be the first interchange in Ohio to be privately financed.

“Certainly this is about traffic, but just as big an element of this project is economic development,” said Avon Mayor James Smith.

Per traffic simulations, the interchange is expected to reduce traffic volume on State Route 83 by 35 percent and Crocker-Bassett Road by 18 percent.

The Jacobs Group owns roughly 300 acres of land near the new interchange, which it has already developed with the Cleveland Clinic Richard E. Jacobs Health Center, and has plans for further development with retailers, restaurants, hotels and other commercial enterprises.

“That’s taxes for our city, the county, our school system,” said Smith.

About The Richard E. Jacobs Group LLC
The Richard E. Jacobs Group is one of the nation’s premier developers of commercial real estate with more than 50 years experience and is headquartered in Cleveland, Ohio. Its independent affiliate, Jacobs Real Estate Services, provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized use facilities and mixed use developments. More information is available at www.JRESgroup.com.

15 Oct 2012

Aloft Hotel Breaks Ground at Chagrin Highlands

Beachwood, Ohio – October 15, 2012 – Groundbreaking began today for the construction of a four-story, 135-room Aloft Hotel at Chagrin Highlands, a master planned corporate community located at
I-271 and Harvard Road, which is being developed by The Richard E. Jacobs Group, Inc. and Scott Properties, a division of Tyco International LTD.

Aloft is an upscale select-service hotel brand by Starwood Hotels & Resorts Worldwide, Inc. It is scheduled to open during the third quarter of 2013.

“We are pleased to welcome Aloft Hotel into Chagrin Highlands,” said Douglas L. Miller, vice president of The Richard E. Jacobs Group.  “Aloft is a strong and unique high-end brand in the select service hotel market, which further enhances Chagrin Highlands as a dominant hub of commercial business activity in Northeast Ohio.”

Aloft joins a rapidly growing list of premier properties at Chagrin Highlands, including Eaton Corporation’s Eaton Center campus, University Hospitals Ahuja Medical Center, Lifetime Fitness, Marriott Hotels, two Chagrin Highlands office buildings, retail shops and restaurants.

About The Richard E. Jacobs Group LLC
The Richard E. Jacobs Group is one of the nation’s premier developers of commercial real estate with more than 50 years experience and is headquartered in Cleveland, Ohio. Its independent affiliate, Jacobs Real Estate Services, provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized use facilities and mixed use developments. More information is available at www.JRESgroup.com.