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. Along with directing and managing the Company’s existing real estate asset portfolio and real estate corporate strategy objectives. Additionally, this role will collaborate with direct leadership and key Sr. Leadership when negotiating high profile and complex real estate transactions and related agreements, ensuring protection of 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 VP – Real Estate and senior management.
- In collaboration with Finance and Area Research, coordinates the development of appropriate materials and support information for monthly Real Estate Committee meetings and presents real estate proposals to JCP senior leadership team as well as JCP ownership for approval.
- Creates and maintains appropriate reports, schedules, etc. to ensure that critical action dates are met for the protection of the Company’s real estate assets, as well as tracking for all site development projects and land sale opportunities.
- Collaborates with store/field operation in relationships with landlords and developers, new market and store development and advises them real estate matters.
- Collaborates with Legal department in negotiation of all lease and property documents, including new store leases, lease amendments, REA amendments, consent agreements, purchase/sale agreements, etc. ensuring compliance with the proposed business terms.
- Coordinates with Store Construction in obtaining store modernization cost estimates, new store cost estimates, and advice regarding physical aspects of site and store layout.
- Collaborates with 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 closing, store buyouts, etc.
- Lead process to assess, negotiate and contract for IBO and warehouse space as needed.
• 6+ years' experience in negotiating retail LOI’s and leases, Reciprocal Easement Agreements, and related real estate documents; prior site development experience preferred.
• Proficiency in Microsoft Office and ability to learn latest programs. Experience with Lucernex (lease administration software) preferred.
• College degree in finance, accounting, business administration, architecture/engineering or other relevant subject area. Law degree or MBA highly desirable.
• Must have strong leadership, strategic, management, negotiation, and execution skills.
• Must be able to understand and negotiate complex business and legal agreements, ability to perform basic financial analysis, work with Senior Management and possess oral and written communications, critical thinking and negotiating skills.
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