Director, Real Estate - US West (Seattle OR Portland)

Overview

who we are

lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we\'re in. As a company, we focus on creating positive change to build a healthier, thriving future. In particular, that includes creating an equitable, inclusive and growth-focused environment for our people.

about this team

The Store Development Real Estate team is directly responsible for the physical store growth and portfolio management through leasing activities & lease actions. Reporting to the SVP, Store Development, this role will oversee and lead a team of real estate professionals responsible for a specific territory that together consists of over 200 stores, which is half of the United States fleet of stores. In collaboration with the VP of Retail Operations West, they will be responsible for development of the strategic, long range market plan for the region. This Director role will ensure that their team delivers upon sourcing sites, negotiating leases and supporting the opening of major capital investment projects on time and meets the financial and strategic objectives of the company. They will be responsible to resolve portfolio wide landlord negotiations effectively, efficiently and within leasing guidelines that drives overall value and benefit to the company.

This is a key leadership role and will be responsible for developing the team into future leaders and subject matter experts who are considered to be best in class in the industry. This position will require travel with approximately 15-25% of their time being spent in market.

a day in the life : what you’ll do

• Manage senior team of real estate deal makers, providing the coaching & guidance needed to ensure lease terms meet company standards.
• Key liaison for senior management in the landlord & broker community, resolving portfolio wide conformity lease issues and specific final leasing deal points
• Collaborate with leadership in Retail Operations to resolve any store issues and concerns that impact day to day operations
• Develop the long-range strategic plan for the real estate growth of the Western Region portfolio and ensure execution of the plan to deliver profitable financial results that meet and / or exceed corporate governance metrics
• Drive their portfolio to deliver upon Annual Operating Plan (AOP) targets (on time and within parameters) and Long Range Plan (LRP), working in partnership with Store Construction, Store Planning, Design, Financial Planning, Retail Operations and other key departments

qualifications

must haves

Additional Notes Authorization to work in the United States is required for this role.

Compensation and Benefits Package

lululemon’s compensation offerings are grounded in a pay-for-performance philosophy that recognizes exceptional individual and team performance. The typical hiring range for this position is from $155,400 - $203,900 USD annually; the base pay offered is based on market location and may vary depending on job-related knowledge, skills, experience, and internal equity. As part of our total rewards offering, permanent employees in this position may be eligible for our competitive annual bonus program and equity offerings, subject to program eligibility requirements.

At lululemon, investing in our people is a top priority. We believe that when life works, work works. We strive to be the place where inclusive leaders come to develop and enable all to be well. Recognizing our teams for their performance and dedication, other components of our total rewards offerings include support of career development, wellbeing, and personal growth :

workplace arrangement

This role is classified as remote field-based under our SSC Workplace Policy : Field / Community-based work is necessary or important within a designated area, with relevant travel required.

Equal Employment Opportunity : Lululemon is an Equal Employment Opportunity employer. Employment decisions are based on merit and business needs, and not on race, color, creed, age, sex, gender, sexual orientation, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy and related medical conditions or any other classification protected by federal, state or provincial and local laws and ordinances. Reasonable accommodation is available for qualified individuals with disabilities, upon request. This policy applies to all practices relating to recruitment and hiring, compensation, benefits, discipline, transfer, termination and all other terms and conditions of employment. While management is primarily responsible for ensuring equal employment opportunity policies are implemented, all employees share responsibility for assuring that, by personal actions, these policies are effective.

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