Real Estate Portfolio Manager - Relocation to Chesapeake, VA
Arch Advisory Group
Owensboro, KY
Full-time
Job details
Job Type
Full-time
Full Job Description Manage the real estate function of the company s portfolio of existing stores in a given territory. &Responsibilities include lease negotiations, dispositions, and the contractual side of lease renewal, including ensuring key dates are addressed and resolved in a timely and beneficial manner.
Minimum Requirements/Qualifications:
• Direct knowledge of commercial (retail) real estate is highly desired
• Able to negotiate with landlords with respect to lease clauses and rent reductions
• Able to think strategically to tie multiple issues together
• A minimum of five years of corporate real estate experience and/or thorough knowledge of Real Estate law and transactions.
• Strong communication, both written and verbal.
• Proficient with Excel and other systems necessary to carry out day-to-day duties
• Excellent organizational skills and ability to multi-task.
• Ability to travel 15% of the time.
Culture
It s really all about the thrill of the hunt. As a Fortune 120 company and one of the nation s leading value retailers, our client operates more than 10k stores and 20 distribution centers across 48 contiguous U.S. states and five Canadian provinces.
From party supplies and home d cor to health & beauty, seasonal items, food & snacks, and so much more, our client offers a huge selection everything you need and want for every day, every holiday, and every occasion all at extreme values and with NEW items arriving every week!
Responsibilities
Principal Duties and Responsibilities:
• Present for approval the best or most advantageous terms on a given actionable event.
• Negotiate and/or renegotiate improved or advantageous economics and other lease terms
• Resolve business issues of the Lease.
• Assist the Director of Portfolio Management with day-to-day negotiations for business issues of the lease or key date issues.
• Gather feedback from Real Estate Managers, Operations, Property Management, and other departments to assist with decisions.
• Maintain a project file identifying all approvals, achievements, and cost-saving analyses.
• Prepare periodic management reports showing cost savings and measurement statistics.
• Prepare lease analysis for review of cost-saving opportunities.
• Ensure formal procedures for store closing decisions and notification processes are followed.
• Assist in managing the process for reviewing and addressing poor-performing stores (Bottom 100)
• Work with the Leasing team to leverage new deals and relocations or expansions with key dates, and help them prioritize and focus their time with respect to key dates.
• Meet with landlords to review portfolios and address lease/rent issues
• Build relationships with landlords and other retailers
• Monitor lease notification dates through the use of a real estate database.
Requirements
Maximum of 2 years of commercial real estate experience
Equal Opportunity Employer
Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.
Job Type: Full-time
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