Real Estate Manager - Supply Chain

Job Summary

Serves as the real estate manager for company operated stores. Manages development and execution of overall strategy within the assigned geographic area(s) to meet new store opening requirements.

Identifies and secures new company and relocation industrial sites to satisfy the company’s real estate criteria and requirements.

Negotiates letters of intents and leases. Helps develop and implement the market specific growth strategy for supply chain / distribution centers.

Liaisons with company brokers and field operations to review targeted trade areas and identify sites.

Responsibilities

• Develops and implements market planning, lease negotiations, and lease execution in several markets nationwide.
• Interfaces with landlords, developers, real estate professionals, store operations, and senior management to effectuate strategies to support supply chain network.
• Engages brokers to help implement new store expansion strategy including managing broker relationships, bringing in new sites, drafting letters of intents, and creating brief summaries of deal.

Acts as a liaison between company and broker on issues regarding real estate.

• Utilizes financial models and store operating proformas to predict stores performance and determine store profitability.
• Drafts and negotiates letters of intent, leases, and related documents by working with landlords. Negotiates contract terms and landlord delivery responsibilities.

Reviews and approves documents for accuracy and works with legal to create finalized document.

• Explains real estate and lease circumstances to field managers as needed including lease interpretation as questions arise.
• Completes zoning assessment for industrial / flex storage use.
• Prepares real estate approval packages for all sites, including executive summary, proformas, site / fixture plans, signage plans, competitor information, market data, etc.

Estimates property value by researching and analyzing property information for market comps, acquisitions, and financial audits.

• Conducts ad hoc analysis quickly with high degree of accuracy including calculating market rents for upcoming projects, producing reports for senior and executive team, providing updates as requested as well as reports relating to market value comparative analysis and subleases.
• Performs other real estate tasks as directed.

Qualifications

• 7+ years of experience with industrial / flex site selection in a multi-unit corporate environment development in high growth situations.
• Experience developing and following Real Estate and / or Development and Construction department procedures.
• Ability and experience in estimating retrofit and build out costs.
• Experience in the managing of refurbishments or construction projects is a plus.
• Bachelor’s degree or equivalent, preferably in real estate, business administration, or related field.
• Proficiency with the Microsoft Office Suite (Excel, Word, and PowerPoint).
• Understanding of real estate laws, practices, calculations and experience in the negotiation of real estate contracts.
• Strong analytical skills including the ability to perform market analysis, calculate figures amounts relating to real estate leases and related occupancy costs (e.

g., taxes, insurance and common area costs).

• Strong attention to detail.
• Proven track required in identifying, securing, and delivering sites in multiple metropolitan markets required in a fast paced work environment.
• Knowledge of the process of taking site form market research and planning through to the final lease negotiation and site permitting.
• Proven record with managing multiple cross functional business relationships with internal and external parties.
• Project management skills with a structured, methodical, and analytical work approach.
• Independent worker who is flexible and reliable with strong communicative skills and a hands-on work approach.
• Ability to prioritize and handle multiple assignments at any given time while maintaining commitment to deadlines.
• Must possess advanced negotiation skills and the ability to verbally express thoughts in a logical, persuasive manner.
• Travel up to 25% of the time.

Preferred Qualifications

Examples could include an advanced degree, a specific type of certification, or a nuanced skill.

Leadership

• Embodies the following values : serve, perform, influence, respect, innovate, team.
• Effectively communicates by motivating and inspiring others through clear and proactive communication.
• Delivers results and drives customer success by committing and focusing on outcomes to deliver results and making the customer the center of decisions.
• Makes balanced decisions and thinks strategically by being a forward thinker.

People Capabilities

• Business Acumen : Must possess industry, organization and financial knowledge.
• Strategic Consulting : Must be able to provide consultative problem-solving, as well as project and risk management competency.
• Relationship Management : Must promote collaboration, networking, persuasion and influence.
• Data Judgement : Must be able to provide data foundations, interpretation and storytelling.
• Talent Management : Provide strategic HR expertise, employee experience management, change management and technological savviness.
• Agility : Must lead with a growth mindset and drive innovation and iteration.

Physical Demands / Working Environment

Office working environment.