Real Estate Manager

Company OverviewBridgestone Americas, Inc. (BSAM), headquartered in Nashville, Tennessee, and Bridgestone Europe, Middle East and Africa (BSEMEA), headquartered in Brussels, Belgium, operate collectively as a “Bridgestone West” strategic region. This region services the strategic business needs of teams across the Americas, Europe, Middle East and Africa. BSAM and BSEMEA are subsidiaries of Bridgestone Corporation, globally headquartered in Japan. Bridgestone and its subsidiaries develop, manufacture and market a wide range of Bridgestone, Firestone and associate brand products and solutions to address the needs of a broad range of customers and industries.Job CategoryReal Estate & Property ManagementPosition SummaryBridgestone is adding 4 Real Estate Manager roles to accommodate the growth of our retail stores. These roles will sit in our West, Central, South East and North East Division throughout the US.The Real Estate Manager supports the execution of the Company’s new store growth strategy and portfolio management within an assigned geographical territory. This role assists with site selection, contract negotiations, development activities, financial analysis, portfolio management, and cross functional coordination to support new store development and existing asset optimization. This position works closely with developers, brokers, landlords, and maintain strong partnership with internal stakeholders such as construction, market planning, finance, operations, and legal. Gather and provide ad hoc insights and analysis of markets, competition, and financial trends for existing stores.This role will be a remote role with significant travel based on needs of the business.ResponsibilitiesManage a defined territory maintaining a strong market knowledge and an understanding of new store opportunity points, trends, competition, emerging markets, and other factors that drive informed real estate decisionsWork closely with the asset management team to have thorough understanding of upcoming lease expirations of existing stores within the defined territory, and assist with decisions or transactions associated with lease renewals or lease restructuringPartner with Market Planning to identify priority trade areas and source sites accordingly to maintain an active pipeline of prospective sites within the assigned territoryIdentify and acquire (whether through a BTS program, self-development, or acquisition) real estate for new store locations in trade areas that fit the organization’s profile for strategic growth which requires effective negotiation skills, advanced financial acumen, and the ability to effectively manage a broad network of developers and brokers.Within the assigned territory, assist with the management and tactical oversight of portfolio matters within our fleet of existing real estate assets including lease renewals, subleases, easements, license agreements, acquisitions, dispositions, and surplus management.Work closely with construction department and development partners on all aspects of new site due diligence including interfacing with local jurisdiction throughout entitlement processEvaluate totality of new store investment to ensure financial return requirements are achieved including sales projection, land cost, building construction cost, site development cost, lease cost, goodwill, FF&E cost, etc…Fully negotiate all LOIs to achieve desired strategic outcomes and further partner with legal team to complete any required leases, purchase agreements and other related transactional documents, providing business direction and approval where necessary to complete transactions.Manage a network of 3rd party developers and brokers to support growth and financial targetsPartner with environmental, health, and safety to identify and solve complex environmental matters that pertain to the completion of desired transactions.Prepare and present new store site packages for approval at Real Estate CommitteeOther responsibilities and duties as assigned by real estate leadership.Minimum QualificationsAt least 8 years of real estate experience focused on real estate development, transactional, and portfolio managementStrong real estate technical knowledge, process knowledge, and experience with site selection and development for retail storesStrong knowledge of real estate transactional and contractual documents including leases, purchase agreements, due diligence, and construction contractsAbility to read and understand construction drawings and scope of work for tenant improvementsAdvanced financial acumenProficient with preparing and presenting PowerPoint presentations to Sr. Leadership. Excellent verbal and written skills.Ability to collaborate and operate independently in a hybrid work environment with travel required 60% of time.Corporate experience within a real estate department for a national retailer (or similar) requiredWork effectively and professionally with attorneys, paralegals, brokers, and other internal and external partnersBS or BA required (business or real estate preferred)Nice to Have:Lucernex Software knowledge and/or experienceAt Bridgestone, you are Free to BeWe believe people can only provide superior service and quality to others when they bring their whole self to work. We believe in championing all perspectives, individuals and teams because we understand the importance of seeing the world and our business through many different lenses. We are building a team as diverse as the world we serve. So, show us what you are made of, because who you are is what we need.What we offerAt Bridgestone, what really matters is to foster co-creation opportunities and empowering you to be creative and curious to make mobility safer, more efficient, and more sustainable for future generations. Whatever role you fill, when you represent Bridgestone, you are a valued teammate, and part of our larger mission to “Serve Society with Superior Quality”, for that, we offer you more than just a competitive compensation; we will provide you:A supportive and engaging onboarding experience to ensure a smooth transition into our team.The opportunity to develop and grow, through training and regular mentorship.Corporate Social Responsibility activities.A truly global, dynamic and challenging work environment.Agility and work/life effectiveness and your long-term well-being.A diverse and inclusive team.Bridgestone is proud to be an Equal Employment Opportunity employer. It is our policy to consider for employment all individuals regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, gender, sex, sexual orientation, gender identity and/or expression, genetic information, veteran status, or any other characteristic protected by federal, state or local law.Employment EligibilityIf hired, a Form I-9 Employment Eligibility Verification must be completed at the start of employment. Temporary work authorization or the need for sponsorship may disqualify you from employment. #J-18808-Ljbffr