Real Estate Development Manager

JOB DESCRIPTION

JOB SUMMARY

The main objective of the Development Manager is to acquire locations for Circle K stores including New-To-Industry projects, Raze & Rebuild projects, Single Store Acquisitions and Relocation projects primarily located in the Colorado MSA.

The Development Manager is responsible for site selection, contract negotiation, obtaining management approval and assisting with entitlements.

The Development Manager will work in conjunction with internal and external consultants throughout the process of the projects.

The Development Manager will also participate in ongoing strategic review of company real estate assets.

This position can be based in Denver or Grand Junction, Colorado.

DUTIES & RESPONSIBILITIES

• Prepares Market Development Plans by segmenting markets into smaller trade areas; and create a growth plan for each area that includes targeting parcels for new stores and competitive stores to acquire.
• Works with financial models to qualify projects for lease or purchase.
• Negotiates Purchase contracts with sellers and leases with Landlords.
• Prepares real estate proposals and contracts for management approval.
• Initiates and organizes real estate market tours for site selection and market reviews. Compiles site ride presentations and market summaries.
• Manage progress of due diligence activities, entitlement activities, beer and wine applications, escrow closings, etc.
• Meet with government officials and attend public hearings. Coordinate with architects, engineers, attorneys, and other consultants.

Work closely with internal management team to design projects.

• Manage portfolio rationalization analysis compiling valuation and timing strategies.
• Ensure compliance with requirements, policies, and regulations.
• Perform other duties as necessary.

ESSENTIAL JOB FUNCTIONS FOR REAL ESTATE MANAGEMENT

• Bachelor’s degree in Real Estate, Finance, or related field.
• 2 to 7 years’ experience in Commercial Real Estate, Development, Finance or Corporate Real Estate Management with emphasis in the Retail, Fuel, or Fast Food industries.
• Demonstrated ability to purchase and develop retail locations.
• Working knowledge of broker networks, market valuations for real property and leasehold investments.
• Strong team orientation with excellent interpersonal skills and able to work in a busy environment with multiple changing priorities and deadlines.

Must be willing to adapt to the changing responsibilities of the position. Self-motivated, self-directed individual with strong organizational skills required.

• Requires travel, including some overnight travel.
• Previous experience in gasoline retail management / site selection desirable.
• Proficiency in Word and Excel required. Proficiency in PowerPoint, Access, Mapping and Demographic software desirable.
• Requires a driver’s license and a good driving record.

Salary Range is $80,000 to $110,000 DOE

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