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Vice President of Real Estate and Construction
3 months ago
**SNIPES Vice President of Real Estate and Construction**
**Hybrid**
**Bensalem, PA**
We live sneakers, streetwear, and neighborhood culture All Day Every Day
With more than 750 stores in Europe and the USA, SNIPES is one of the leading sneaker and streetwear retailers worldwide. Since opening its first store in Essen, Germany in 1998, SNIPES has been an integral part of street culture and is constantly growing thanks to its proximity to the community and regular openings worldwide.
SNIPES has always kept an ear to the streets to create a meaningful impact in the communities we serve. Through our community program “SNIPES serves” and its localized approach we support the needs of our communities, empower, and celebrate our dynamic culture.
**Overview**:Reporting to the President of SNIPES USA, the Vice President of Real Estate and Construction is responsible for the overall strategic planning process and expansion of each of the SNIPES markets in the United States. Executes decisions regarding extension, revision, retention, and termination of store lease agreements for all divisions. Carries out lease-related decisions and oversees all aspects of asset management. Manages/monitors the Real Estate Asset Portfolio. Manages the day-to-day operations of maintenance safety/security services.
**Responsibilities**:
- Ongoing development of strategic plan including analysis of existing store base, market share, market trends and competition. Execution of real estate strategy including new store site selection, relocations, lease renewals and asset management. Negotiate leases for new store locations as well as lease renewals for existing stores.
- Prepare real estate site packages which includes a comprehensive analysis (Pro Forma) for each proposed lease, which should accurately reflect all economic, real estate and legal issues pertinent to the lease, including the return on investment for each proposal.
- Facilitate all aspects of the lease process through the store opening in partnership with Legal, Finance, and Store Operations departments. Authorizes and monitors all expenditures.
- Work closely with Financial Leadership to manage the annual CAPEX budget
- Partner with the Director of Procurement and Director of Construction with ongoing cost savings and analysis
- Coordinates all construction, remodeling, and departmental moves; evaluates space allocation. Gets bids from contractors, evaluates, and negotiates bids, selects successful bidder based on cost, quality and “best fit” for company needs.
- Develops budget and forecast information, reviews and re-forecasts when needed, and provides relevant information to various areas and departments.
- Coordinates with the Executive team regarding safety issues to minimize risk and to comply with all applicable regulations.
- Consults with operations to ensure compliance with applicable governmental regulations (OSHA, EPA, etc.) Coordinates compliance throughout the company.
- Defining and executing overall strategic plan related to organic store growth.
- Develop annual targets, goals and business plans in support of strategic plan
- Prepare deal analysis and present to Real Estate Committee for final site selection.
- Oversee all aspects of lease negotiation & administration, working closely with the legal team.
- Manage and build relationships, cultivating productive and strategic long-term partnerships with landlords, developers, and third-party broker/vendor relationships.
- Ensure productive and effective relationships with internal headquarter departments as well as a strong partnership with the store operations team.
**Qualifications**:
- 7+ years of experience in commercial or retail Real Estate and Construction as a Senior Director or Vice President
- Experience in commercial real estate negotiation, with a preference for retail deals
- Ability to understand the business at a strategic and detailed level
- Strong analytical and problem-solving skills
- Highly developed verbal and written communication skills with the ability to communicate with a wide variety of audiences
- Ability to create and deliver effective and engaging presentations
- Proven ability to build consensus and reconcile adverse points of view
- Working knowledge of legal issues relating to real estate development.
- Strong negotiation and contract management skills
- Demonstrated ability to manage concurrent projects simultaneously with a results-driven approach
**Cultural Success Factors**
- Enthusiasm for the brand
- Consumer Obsessed
- Innovative Mindset
- Collaborative nature
- Skillful communicator
- Data-Driven Decision Making
- Adaptable and Flexible
- Disciplined and self-motivated
**Benefits with SNIPES**
- Generous Employee Discount
- Paid Holidays
- Summer Hours
- Hybrid work schedule
- PTO (Paid Time Off)
- Bonus Plan
- Affordable Health Insurance
- Retirement Contributions
**_ Snipes USA and all its subsidiary Companies are equal opportunity employe
