Senior Manager Real Estate

Overview

The Real Estate Senior Manager will report to the VP of Real Estate. This role is responsible for reviewing and negotiating all real estate and site development opportunities, including REA amendments, development consents, leases, and real estate sales. It also directs and manages the company’s existing real estate asset portfolio and real estate corporate strategy objectives, collaborating with leadership on high‑profile and complex transactions to protect the company’s interests.

Responsibilities

• Responsible for all real estate activities related to new store development and the existing portfolio, including site selection, negotiations, legal documentation, due diligence, and market research.
• Leads and participates in the development of long‑range strategic real estate plans with the VP – Real Estate and senior management.
• Collaborates with Finance and Area Research to develop and present real estate proposals to the real estate committee and senior leadership for approval.
• Creates and maintains reports, schedules, and other documentation to ensure critical action dates are met for the protection of the company’s real estate assets and tracking of site development projects and land sale opportunities.
• Collaborates with store/field operations in relationships with landlords and developers, new market and store development, and advises them on real estate matters.
• Works with the Legal department to negotiate all lease and property documents, including new store leases, lease amendments, REA amendments, consent agreements, and purchase/sale agreements, ensuring compliance with business terms.
• Coordinates with Store Construction to obtain store modernization cost estimates, new store cost estimates, and advice regarding physical aspects of site and store layout.
• Works with the Lease Administration team to resolve property management or lease issues with landlords.
• Collaborates with Finance partners to develop new store proformas, relocation/downsize proformas, and financial analysis for lease renewals, store closures, store buyouts, and other transactions.
• Leads the process to assess, negotiate, and contract for IBO and warehouse space as needed.

Qualifications

• At least 6 years of experience negotiating retail LOIs and leases, reciprocal easement agreements, and related real estate documents; prior site development experience preferred.
• Proficiency in Microsoft Office and ability to learn new programs; experience with Lucernex (lease administration software) preferred.
• College degree in finance, accounting, business administration, architecture/engineering, or another relevant subject area. A law degree or MBA is highly desirable.
• Strong leadership, strategic, management, negotiation, and execution skills.
• Capacity to understand and negotiate complex business and legal agreements, perform basic financial analysis, work with senior management, and communicate effectively both orally and in writing.

Pay Range

USD $97,200.00 - USD $162,000.00 /Yr.