The company began as one of the early pioneers in the development of the enclosed regional shopping center concept and developed some of the nation’s first and most successful regional malls. By the 1990’s, The Jacobs Group owned and had developed more than 50 million square feet of commercial real estate throughout the United States.
(Re)Developing Cleveland
In the 1980’s, The Jacobs Group began acquiring major office and mixed-use structures, primarily in downtown Cleveland, with the plan of redeveloping them or initiating new developments. The results eventually included The Galleria & Tower at Erieview, McDonald Investment Center, Key Tower, The Cleveland Marriott at Key Center, the restored and renovated Society for Savings Building, the Memorial Plaza and Garage, and key involvement in the development, building, and management of Jacobs Field (now Progressive Field.)
In 1986, Jacobs Group founders, the late Richard E. Jacobs and David H. Jacobs, acquired the Cleveland Indians baseball franchise and are widely credited with preventing a move of the team to another city. During Jacobs’ ownership, the Indians went from a perennial cellar-dwelling team to becoming one of Major League Baseball’s most admired and emulated organizations, winning two American League Championships and six Central Division Championships. The team’s record of 455 consecutive sellouts at Jacobs Field (now Progressive Field) remains a Major League Baseball record.
The Jacobs Group TodayJRES continues to build on the foundation established by The Jacobs Group by offering comprehensive third-party brokerage, leasing, development and construction services for owners of multi-tenant and single use office, specialized-use, and mixed-use properties.
JRES is a fully integrated third-party commercial real estate firm serving land and property owners. As an affiliate of The Richard E. Jacobs Group, JRES leverages nearly 60 years of experience and an owner’s perspective to maximize the value of its clients’ commercial real estate. At JRES, this experience means everything to our clients.