Senior Manager, Real Estate Development - Central Division

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Requirements:

• At least 7 years of real estate experience focused on real estate development, transactional, and portfolio management
• Advanced real estate technical knowledge, process knowledge, and experience with site selection and development for retail stores
• Detailed knowledge of real estate transactional and contractual documents including leases, purchase agreements, due diligence, and construction contracts
• Ability to read and understand construction drawings and scope of work for tenant improvements
• Advanced financial acumen
• Strong industry network including developers, brokers, and major landlords / REITs.
• Proficient with preparing and presenting PowerPoint presentations to Sr. Leadership. Excellent verbal and written skills.
• Ability to collaborate and operate independently in a hybrid work environment with travel required 60% of time.
• Corporate experience within a real estate department for a national retailer (or similar) required

Responsibilities:

• Manage a defined territory that includes maintaining a strong market knowledge and an understanding of new store opportunity points, trends, competition, emerging markets, and other factors that drive informed real estate decisions
• Identify and acquire (whether through a BTS program, self-development, or acquisition) real estate for freestanding locations in trade areas that fit the organization’s profile for strategic growth which requires effective negotiation skills, advanced financial acumen, and the ability to effectively manage a broad network of developer and brokers.
• Work closely with construction department and development partners on all aspects of new site due diligence including interfacing with local jurisdiction throughout entitlement process
• Evaluate totality of new store investment to ensure financial return requirements are achieved including sales projection, land cost, building construction cost, site development cost, lease cost, goodwill, FF&E cost, etc…
• Fully negotiate all LOIs to achieve desired strategic outcomes and further partner with legal team to complete any required leases, purchase agreements and other related transactional documents, providing business direction and approval where necessary to complete transactions.
• Manage a network of 3rd party developers and brokers to support growth and financial targets
• Partner with environmental, health, and safety to identify and solve complex environmental matters that pertain to the completion of desired transactions.
• Prepare and present new store site packages for approval at Real Estate Committee
• Other responsibilities and duties as assigned by real estate leadership.