Senior Real Estate Manager

About the company

Albertsons Companies is at the forefront of the revolution in retail. With a fixation on raising the bar with innovation and building belonging through our culture, our team is rallying our company around a unique purpose : to create joy around each table and inspire a healthier tomorrow for every community.

Albertsons Companies is one of the largest food and drug retailers in the United States, with over 2,200 stores in 34 states and the District of Columbia.

Our well-known banners include Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets, and Balducci's Food Lovers Market.

We support our stores with 22 distribution centers and 19 manufacturing plants.

Placing a premium on adaptability, safety and family well-being, our work model, Presence with a Purpose, offers a hybrid work environment between remote work and office time.

A one-size-fits-all approach does not apply to everyone, and teams are empowered to make decisions best for them.

Bring your flavor

Building the future of food and well-being starts with you. Join our team and bring your best self to the table. #LI-RC4

What you will be doing

The Senior Real Estate Manager (SREM) represents the Company in strategic real estate decisions and transactions within their assigned geography.

The SREM has primary responsibility for optimizing the entire real estate portfolio within their division / territory, and identifies and evaluates opportunities for new store locations, store expansions, and fuel centers to make growth recommendations to Division and Executive Management.

In addition, the SREM guides surplus property marketing efforts, leads negotiations, and finalizes deals for closed stores and asset dispositions.

The position will be based in Itasca, IL.

Main responsibilities

• Takes ownership and lead responsibility for development of comprehensive strategic real estate plans for Division. Not only sees the big picture, but develops a strategy, obtains Division and Executive support, and executes the strategy.
• Initiates and completes real estate transactions of varying types and degrees of difficulty and takes a leadership role in the due diligence, entitlements, legal documentation, project coordination and project tracking on applicable asset management tracking systems.
• Prepares high quality and accurate investment packages for Real Estate Committee utilizing in-house tools such as Excel, Arc / GIS, and PowerPoint.
• Coordinates all negotiations and collaborates with team attorney to finalize deal documentation.
• Engages and interfaces with real estate brokers and other 3rd party consultants to market surplus properties, negotiate business deals, compile and submit packages to Real Estate Committee.
• Works closely with the design and planning team and construction manager to timely obtain governmental approvals and complete store openings.

Acts as a primary contact for inquiries regarding information on the project.

• Works staff and other governmental bodies in connection with the Company’s real estate activities.
• Stays well versed on market dynamics in assigned territory including current and future changes to public infrastructure, competition and demographics.

Understands basic forecasting methodologies including gravity and analogue models.

• Represents the Company in discussions and negotiations with Planning Commissions, City Councils, Planning and Public.
• Understands and stays current on company policies relative to the negotiation of legal documents.
• Provides leadership and mentors with less experienced real estate personnel, ., Real Estate Managers and Real Estate Analysts.
• May have direct reports, which will vary by Division / Banner.

The salary range is $118,100 to $165,380 annually. Starting salary will vary based on criteria such as location, experience, and qualifications.

There may be flexibility for exceptional candidates

A copy of the full job description can be made available to you.

What we are searching for

Strategy and Planning

• Proactive self-starter with an owner / investor / developer attitude.
• Strategic thought leader with ability to influence and develop real estate plans and strategy.
• Superior expertise in real estate concepts, documentation, and the experience to close deals with limited supervision.
• Possesses an established broad real estate network which enables the candidate to be resourceful and get to solutions quickly.

Portfolio Optimization

• Highly developed market analysis skills.
• Seasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions and outcomes.
• Experienced dealmaker with strong negotiation skills with the ability to negotiate multi-million dollar transactions to a successful conclusion.
• Analyzes and makes recommendations for underperforming real estate assets (., closing, lease re-negotiation)
• Understands standard financial statements and can assess potential credit worthiness of companies.

What is it like at Albertsons?

Our 290,000 associates have a passion for great service and building lasting relationships with our customers. Through a companywide focus on innovation, we are continually enhancing our digital and product offerings, making it easy for customers to get what they need, wherever they are.

Albertsons is an Equal Opportunity Employer

This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, gender identity / expression, sexual orientation, or on any other basis prohibited by law.

Consistent with applicable state and local law, the Company will consider for employment qualified applicants with arrest and conviction records.

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact us at 1-888-255-2269(option #4).