A tradition of groundbreaking success
With a pedigree spanning more than six decades, the DeBartolo name has been synonymous with innovation and excellence in the real estate industry. Since Edward J. DeBartolo Sr.’s development of the mall concept in 1948, DeBartolo Development’s success and reputation as an insightful and innovative developer grew.
By 1965, more than 100 strip malls were built and sold for enormous investments in Florida real estate during the 1960s capitalizing on the population surge following the planning and opening of Disney World in Orlando.
In 1976, he opened what was then the world’s largest regional shopping center – the $180 million, 2.2 million square-foot Randall Park Mall. DeBartolo expected the mall alone to attract 80,000 to 85,000 customers daily. The completion of Randall Park Mall helped the Edward J. DeBartolo Corporation. achieve assets estimated at nearly $1 billion by the end of 1976.
After taking over for his father, Edward J. DeBartolo Jr., continued to build on the family tradition in real estate, maintaining DeBartolo Property Group’s stature as one of the largest privately held real estate development companies in the country. In his various executive capacities, he was responsible for overseeing one of the nation’s largest mall development and management firms.
Edward J. DeBartolo Jr. continues to ensure his family’s philosophy extends beyond simply real estate and development – it is intrinsic to every endeavor in which the DeBartolo family of companies is involved. After becoming the owner of the struggling San Francisco 49ers in the late 1970’s, DeBartolo Jr. brought his same innovation to franchise ownership. And it had a major impact on almost every aspect of the game and brought unprecedented success to the 49ers in the form of five Super Bowl championships and immense recognition to the entire sport.
In 1994, Edward J. DeBartolo Jr. took the company, DeBartolo Realty Corporation, a public REIT, public. Two years later, the Corporation merged with Simon Property Group to create Simon DeBartolo Group, Inc. (NYSE: SPG), uniting two of the founding families of the regional mall business and creating the largest public real estate company in North America with a total market capitalization of $7.5 billion. The DeBartolo/Simon portfolio included 111 regional shopping centers, 66 community shopping centers and six specialty retail centers in 32 states with combined sales of $16 billion. With years of work in ground-up development, joint venture projects and asset management, DeBartolo Development has extensive experience in a wide range of capabilities. From basic retail centers to the most modern mixed-use environments, to reliable investment opportunities, DeBartolo Development continues the family tradition with a suite of solutions created to meet the unique challenges of today’s market.
We combine the size and versatility to handle any project with the wisdom from 60 years of experience to recognize and capitalize on unknown, yet outstanding investment opportunities. Over our six decades, DeBartolo Development has weathered every possible economic market and grown through them all. It’s this legacy of maintaining a strong and stable presence that helps us grow trusting relationships with everyone involved in our projects.
Our family approach is reflected in our commitment to building strong communities, as well as strong relationships. We strive to be a trusted partner that develops solutions that work on every level – financially, socially, environmentally, ethically and more.