Archives for the ‘Property Sale’ Category

16 Jul 2013

Windsor Heights Center, an Alzheimer’s Special Care Center, to Open in Chagrin Highlands in Spring 2014

Beachwood, Ohio – July 16, 2013 – Jacobs Real Estate Services (JRES) announced today that a 4.2-acre site at Chagrin Highlands has been sold to an affiliate of JEA Senior Living of Vancouver, WA.  JEA plans to construct a 66 bed, 33,000 square foot Alzheimer’s Special Care Center to open in Spring 2014.  To be known as Windsor Heights Center, the facility will be on Harvard Road directly west of the recently opened University Hospitals Rehabilitation Center.

“The Chagrin Highlands location, with its proximity to world-class medical care and other amenities, was ideal for our newest facility in Ohio,” said Carl Sanders, Director of Development at JEA Senior Living.

About JEA Senior Living

JEA Senior Living, Inc. is a Vancouver, WA based seniors housing operations and development company.  It is a multi-generational family-owned business founded in 1986 by Jerry Erwin that has been living out its mission to honor the experience of aging for over 27 years.  For the past 21 years their primary focus has been on purpose built Alzheimer’s special care centers.  It currently operates over 40 communities in 16 states, with an additional 10+ in development/construction throughout the United States and Canada.

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. More information is available at www.JRESgroup.com.

28 Jan 2013

Land at Center Ridge and Columbia Roads Sold in Deal Managed by Jacobs Real Estate Services

CLEVELAND – Jan. 9, 2013 – Jacobs Real Estate Services announced today that it successfully represented Center Ridge Joint Venture and NEQ Westlake LLC in the sale of three acres of land at the northeast corner of Center Ridge and Columbia Roads in Westlake, Ohio.

The land was purchased by Get Go Partners South, which was represented by Goodman Real Estate Services. The deal closed on Jan. 9, 2013 for $1,175,000.

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.

18 Dec 2012

Cleveland Clinic Purchases Land in Mentor’s Newell Creek Development

CLEVELAND – Dec. 18, 2012 – Jacobs Real Estate Services announced today that it represented the property owner in the sale of 47 acres of land in Mentor, Ohio, to the Cleveland Clinic for $7.6 million. The property is located at the intersection of Interstate 90 and State Route 615. The deal closed on Dec. 14, 2012.

“At this time, we have no immediate plans for the land. We anticipate that we will begin discussions in 2013 to determine what possibilities we’d like to consider,” said a Cleveland Clinic spokesperson. According to Ron Traub, Mentor’s director of economic and community development, the Clinic had approached the city with a proposal to rezone the land to accommodate a medical campus.

Easy highway access and the recently built Norton Parkway make Newell Creek an ideal location for businesses. Avery Dennison, an international conglomerate known by consumers for its paper products, and CT Consultants, an engineering and architecture firm, have offices in the development.

An additional 24 acres adjacent to the Clinic’s newly purchased property are available for sale for office and medical-related uses.

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. More information is available at www.JRESgroup.com.

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