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Associate, Specialty Leasing

Associate, Specialty Leasing

Simon Property GroupDover, DE, US
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Specialty Leasing Administrator

The primary purpose of this position is to provide a structured learning environment for the first year of employment. The SLA will learn to locate, evaluate and develop potential local leasing tenants and income-generating opportunities for shopping center properties (both common area and temporary in-line), negotiate Lease Agreements to achieve the financial objectives of the properties, refer prospective tenants for approval, and coordinate Short-term Leasing administration and tenant presentation. The incumbent will have oversight responsibility for multiple properties as assigned.

The successful candidate's responsibilities will include, but not be limited to :

  • Locate, identify and evaluate potential Specialty Leasing (SL) tenants and other income sources for shopping center properties in both common area and in-line vacancies.
  • Develop and implement plan to include regularly attending trade shows, review publications and canvass the area to identify retailers and other potential income generating tenants.
  • Develop and maintain relationships with prospective LL tenants and existing mall tenants.
  • Network with area leasing representatives and industry associates.
  • Identify and develop new leasable locations in the common area.

Negotiate Lease Agreements :

  • Establish SL rent guidelines and income objectives for properties based on analysis of sales, permanent leases and income goals of the property.
  • Negotiate Lease Agreements and submit tenant information, terms, locations and use clause for approval.
  • Generate SL income for assigned properties to achieve assigned SL financial goals.
  • Ensure maximum occupancy and minimum downtime occurs.
  • Support in-line leasing efforts by assisting in identifying, developing local tenants into potential permanent tenants.
  • Report to and work with the Specialty Leasing Manager to achieve property and overall SL program goals.

  • Submit regular weekly reports to identify deal making, forecasting, revenue goal achievement and other program implementation status.
  • Assist Vice President Specialty Leasing and Specialty Leasing Manager in identifying and completion of SL national tenant deals.
  • Assist in identifying potential new multiple-mall and national tenants. Refer prospect to Specialty Leasing Manager or directly to other Simon Property Group properties.
  • Coordinate SL-related administrative duties with Mall Managers and other Property Management staff.

  • Coordinate completion of Lease Agreements, SL program administration and SL tenant setup.
  • Monitor rent collection, income transmittals, sales reporting and the accurate processing of Lease Agreements.
  • Monitor monthly and quarterly property and Home Office SL income and expense reports.
  • Assist Mall Managers in achieving the acceptable merchandising and visual presentations.

  • Monitor placement if units / tenants in the common area.
  • Coordinate merchandise mix with leasing to ensure best use of the space.
  • Communicate required Specialty Leasing visual presentation standard to the tenants.
  • Coordinate activity of Visual Merchandiser and tenant.
  • Minimum Qualifications :

  • A bachelor's degree in a business related discipline
  • One or two years of general business, sales, leasing or retail experience
  • Basic math and accounting skills
  • Well-developed interpersonal and negotiating skills
  • Effective oral and written communication skills
  • Resourcefulness, creativity and a well-developed awareness of design principles
  • Some overnight travel may be required
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    Leasing Associate • Dover, DE, US

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