Real Estate Executive (Dir., Sr. Dir. or VP level)

Job Title
Real Estate Executive (Dir., Sr. Dir. or VP level)

State
CA

Job Type
Full-Time Regular

Our client is a multi-billion-dollar, Fortune 500 powerhouse headquartered in Northern, California, with a large portfolio of store locations. With positive annual comp. increases since 2005, they have paid out bonuses that have averaged 155% over target for the past 10 years.

You’ll play a key role in the continuing expansion of the company’s store presence and geographic footprint with responsibility for analysis, selection, negotiation, administration and coordination of their new store Real Estate program, and/or the relocation, replacement, expansion, and surplus store programs. This is a highly visible role. You'd also be a key part of their "next-generation" Executive leadership succession plan, as some of their tenured leaders are readying for retirement.

ESSENTIAL FUNCTIONS:

  • Negotiate based on the established business points for sites approved by the company. Negotiate lease renewals, store expansions, waivers, modifications and surplus store space available for sublease as assigned.
  • Travel to required market areas to visually inspect and evaluate proposed sites, existing stores and competitors within the trade area.
  • Analyze, evaluate and investigate multi-market store site locations including traveling to markets and assessing availability, property value, access, zoning, development obstacles, timing, etc.
  • Identify legal documents needed to finalize lease or sublease properties within the assigned geographic territory for execution.
  • Identify and gather information and documents from internal colleagues, outside Brokers, District Managers and the Real Estate executive leadership team to analyze and define existing and targeted trade areas.
  • Analyze research and provide an evaluation of pertinent data required for new store site submittal packets and packages for the Real Estate Committee, related to trade areas and specific sites (i.e., population, incomes, white-collar percentages, visibility, competition, co-tenancy, population growth trends and sales potential).
  • Make recommendations and presentations to the Real Estate executive leadership team including information about signed deal letters, potential store sites, renewal options, store expansions, landlord disputes and other matters affecting existing or proposed locations.
  • Negotiate with Brokers, Developers, Attorneys, property owners and Landlords for the best overall deal, including the most favorable position/presence within the center for each site consistent with the company’s goals and standards.
  • Responsible for the smooth flow of communication and plans between Landlord and company for each project, which includes communication to the Store Planning and Construction Department.

OTHER RESPONSIBILITIES:

  • Participate in the International Council of Shopping Centers and other Real Estate seminars or forums that are geared toward Commercial Retail Real Estate.
  • Participate/assist in preparation and review of development planning for the geographic area of responsibility, annually, and be able to present territory to executive staff.

BACKGROUND PROFILE:

  • Experience in Real Estate related functions with at least 5-7 years in Retail Real Estate.
  • College degree preferred.

BENEFITS:


A variety of health insurance plans.

Onsite subsidized fitness facility with personal training.

Personal medical plan concierge.

Onsite subsidized cafeteria.

Health and Financial wellness programs.

Discounted back-up childcare service.

Rewards-based health and wellness program.

Opportunity to purchase an additional week of vacation.

Triple-tax advantaged Health Savings Accounts

Paid time off for volunteering.

Company-paid life/AD&D, short and long-term disability insurance.

Charitable donations matched by company foundation.

401(k) savings plan with a company match of up to 4%.

Up to a 20% employee discount.

Employee Stock Purchase Plan.

Employee assistance program.

Enhanced maternity and bonding leave with 100% income replacement.

Valuable voluntary benefits package.

Adoption assistance.

PHYSICAL REQUIREMENTS/ADA:

  • Job requires the ability to work in an office environment, primarily on a computer.
  • Requires sitting, standing, walking, hearing, talking on the telephone, attending in-person meetings, typing, and working with paper/files, etc.
  • Consistent timeliness and regular attendance.
  • Vision requirements: Ability to see information in print and/or electronically.
  • Ability to travel up to 50% of the time.
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