Real Estate Manager

Real Estate Manager

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! It's all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

This is a remote role and requires someone to be based in Georgia, Alabama, or Mississippi.

Position Summary:

The Real Estate Manager is responsible for collaborating with local broker teams, master broker & Real Estate Senior Analyst to develop a comprehensive and strategic real estate market plan for their assigned territories, and then oversee and execute on all aspects of the real estate life cycle within the same (I.e., from site selection, deal negotiation, lease negotiation, to opening, to restructuring, remodeling, repositioning).

Qualifications:

• Bachelor's Degree or Master's Degree in Business Administration or real estate/finance related concentration is preferred
• 3+ years of experience in retail real estate field is required
• 2+ years previous experience in market planning, site selection & deal negotiation
• Must have working knowledge of regional retail markets, shopping centers & major developers with particular
• Experience managing third party service providers, including master brokers, local market brokers and outside legal counsel
• Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
• Strong negotiation and transaction management skills
• Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
• Ability to recall information easily
• Self-motivated with critical attention to detail and deadlines
• Strong understanding of real estate practices and related legal principles

Job Responsibilities:

• Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory
• Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan
• Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
• Responsible for site selection of new store locations and existing store repositioning opportunities
• Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
• Manage/Mentor RE Coordinator partner- incorporating personal development plans, goal planning & promote exposure opportunities
• Conduct field tours with key stakeholders of potential and existing locations
• Work closely with legal counsel on all lease negotiations in assigned territory
• Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
• Preparation of detailed LOI's, comprehensive site approval packages and other financial based reports and analysis including site submission packages for presentation at monthly Real Estate Committee (REC) meeting in assigned territory
• Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities
• Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories
• Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners
• Attend/represent Five Below at select Regional & National ICSC Conventions