VP, Real Estate
At Build-A-Bear we believe in the power of imagination, creativity, and memorable experiences. Our mission is to add a little more heart to life by creating unique experiences, lasting connections, and beloved memories that create lasting emotional connections.
We are a multi-channel, site-based experience and entertainment company, with diversified categories and consumer segments.
We are seeking a highly experienced and strategic VP, Real Estate to join our dynamic team.
The VP of Real Estate at Build-A-Bear is responsible for implementing the corporate real estate, partner and wholesale business strategy;
and negotiating lease terms for new and existing corporately operated retail locations. This role will drive growth, optimize resources, mitigate risks, and enhance our competitiveness, making a significant impact on our retail expansion and performance.
Responsibilities :
- Develop, implement, and execute the Real Estate Market Strategy
- Manage and supervise the Partner Operated and Wholesale team
- Provide strategies for growth by acquiring new clients and grow existing business partners
- Oversee the team engaging with wholesale clients to ensure highest level of service and support both internally and externally
- Ensure team is aware of goals and working to accomplish these tasks in timely manner
- Stay alert of possible challenges and take proactive approach
- Be a source of expertise and knowledge to the team and other internal depts
- Work on development of the team and show opportunities for growth as well as business opportunities to contribute to the company's success
- Negotiate real estate terms and explore alternative platforms for brand exposure
- Communicate actions with cross-functional teams and Senior Leadership
- Engage with legal team to ensure business terms are accurate and timely lease document turnaround
- Conduct market analysis and research for optimal retail locations
- Stay updated on industry trends, market dynamics, and regulatory changes
- Implement cost-saving initiatives and optimize real estate expenses
- Lucernex data oversight
- Proactively mitigate legal, regulatory, and financial risks
Required Qualifications :
- Bachelor's degree
- 5 years retail leasing leadership experience
- Proficient industry knowledge
- Expert negotiator
P referred Qualifications :
- Experience in both Landlord and Retail real estate sectors
- ICSC Real Estate Certification (CLS) and Real Estate License
Behavioral Traits for Success :
- Driven to achieve results that align with the strategic goals of the organization
- Initiative, sense of urgency, and the ability to stay focused on results despite changing conditions
- Decision-making is focused on implementing practical, profitable and timely solutions
- Self-assured and confident while engaging the commitment of others
- A leadership style that is goal-oriented and yet motivates, trains, and engages others
- Effective delegator
- Prioritize achieving results through collaborative and effective systems, rather than focusing on implementation details
- Innovative and creative problem problems solver
- Comfortable with risk
Working Environment :
- Typical office environment with climate control and sufficient lighting, ergonomic desk / chairs
- Corporate Office located St. Louis, MO
- Flexible work schedule
- Travel up to 10%
Your performance will be measured on :
Your ability to achieve annual department objectives and corporate goals which include but are not limited to the following :
- Effective Communication cross functionally with teams
- Decision-making and judgment
- Create, support, and develop a high-performing team
- Development of both internal and external business relationships
- Secure new locations and effective management of existing sites through timely market visits
- Store performance and market trends analysis
- Lease management and documentation
- Quality and performance of real estate market strategies
- Quality presentations that are engaging and offer actionable insight
- Stakeholder feedback
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