The company helps retailers, including Minneapolis-based Target (NYSE: TGT), and product manufacturers plan how products are placed on shelves. It also provides other sales and category management services for packaged goods manufacturers.
Jacobs Marketing will move 45 employees into the 21st floor of the Plaza Seven office building at 45 Seventh St. S. in mid-January. It's consolidating its Plymouth headquarters with a smaller category management office it had in LaSalle Plaza in downtown Minneapolis.
"We've just run out of space in Plymouth," said Gene Ringuette, partner at Jacobs Marketing. "We do a lot of category management work for Target, and in order to do that, you need to be close to Target. It's easier for them to walk through the Skyway a couple of blocks than it is to get in their car and come out to Plymouth."
Jacobs Marketing was founded in 1982 by Duane Jacobs, who is retired. Ringuette and business partner Jackie Gibney bought the firm four years ago. Jackie's husband, Chris Gibney, who was formerly at Target, heads the category management program for Jacobs Marketing.
Jacobs Marketing, which is taking over 18,000 square feet in the move, is the 12th Target vendor to land in Plaza Seven and the sixth in the past year, said Brent Robertson, a broker at Jones Lang LaSalle who, along with Jon Dahl, handles leasing for building owner Minnetonka-based Carlson Real Estate Co.