Manager Real Estate

5 days ago

Washington, United States CAVA - Support Center Full time

**Company Profile**:
At CAVA we make it deliciously simple to eat well and feel good every day. We are guided by a Mediterranean heritage that’s been perfecting how to eat and live for four thousand years. We prioritize authenticity, curiosity and the pursuit of excellence in everything we do. We are working towards something _big_, together.

**We foster a culture built on five core values**:

- **Generosity First, **Always**:We lead with kindness. Our best work happens when we act in service of others.
- **Constant Curiosity**:We are eager to learn, grow, and explore beyond the obvious.
- **Act with Agility**:We welcome change; it’s the only constant. We embrace, adjust, adapt.
- **Passion for Positivity**:We greet each day with warmth and possibility.
- **Collective Ambition**:We have high aspirations that are achieved when we work together with a shared purpose.

**Position title**:Real Estate Manager (Great Lakes region)**

**The Role**:
Do you want to get in on the ground floor of a fast growing, entrepreneurial minded business? Do you have a passion for finding quality locations and securing the best deal? Are you business-minded, self motivated, and ready to hit the ground running? If this is you, we want you to join our team

CAVA is a fast-growing culinary brand with a portfolio of fast-casual restaurants and a packaged goods line dedicated to fresh, Mediterranean-inspired, better-for-you cuisine. Born from a full-service restaurant collaboration between three first-generation Greek-American childhood friends in the Washington, DC, area, our mission is to fuel full lives through a bold and innovative food culture.

This job description is not intended to be a comprehensive list of all the duties and responsibilities of the position and such duties and responsibilities may change without notice.

**What You’ll Do**:

- Execute on and influence a 5-year strategic development plan for every DMA in assigned territory. Complete refresh of plan annually for high growth DMAs.
- Leverage data analytics, local market knowledge, real estate brokerage and cross functional team members to validate the development plan.
- Evaluate and tier all identified trade areas (Tier 1, 2 and 3). Complete a stack ranking of trade areas in order of priority for development.
- Manage real estate brokers in assigned region to elevate CAVA among the landlord and developer community. Ensure CAVA is the first call (top of mind among landlords and developers) for new site opportunities.
- In conjunction with the real estate broker, identify high-profile, high-quality sites for new CAVA restaurants.
- Negotiate LOI’s for identified sites with particular focus on deal economics, tenant improvement allowance and landlord work letter.
- Conduct site approval tours with leadership.
- Build site packages for all sites with an executed LOI and present site to real estate committee for REC 1 approval.
- Work with the landlord and cross functional team (Design, Construction, and 3rd party consultants) to complete comprehensive due diligence on REC1 approved sites. Resolve any open issues / questions in a timely manner to keep project on schedule for REC 2 approval.
- Work with outside counsel to successfully negotiate leases in an efficient and timely manner.
- Prepare and present key financial metrics (CapEx, CoC returns) to real estate committee for final REC2 approval.
- Monitor ongoing needs of existing restaurants providing real estate input where needed.
- Establish and manage broker relationships.

**The Qualifications**:

- 4 years Real Estate site selection experience
- Bachelor’s degree in business, Real Estate, or similar field
- Ability to manage a high volume of projects at once
- Highly motivated and organized
- Strong interpersonal and networking skills
- An eagerness to join a growing company, a desire to help build a brand

**Physical Requirements**:

- Ability to maintain stationary position to be able to operate a computer and other office equipment
- Must be able to identify, analyze and assess details
- For certain positions, must be able to occasionally move or transport items up to 50 pounds
- Ability to communicate with others and exchange information accurately and effectively
- Constantly positions self and move about to support ordinary restaurant or food production support or office operations, as applicable
- Ability to work in a constant state of alertness and in a safe manner

**What we offer**:

- Competitive salary, plus bonus and long-term incentives*
- Early Wage Access
- Unlimited PTO, paid parental leave, plus paid opportunities to give back to the community
- Health, Dental, Vision, Telemedicine, Pet Insurance plus more
- 401k enrollment with CAVA contribution
- Company-paid STD, LTD, Life and AD&D coverage for salaried positions*
- Free CAVA food
- Casual work environment
- The opportunity to be on the ground floor of a rapidly growing brand
- *Indicates qualifying eligible positions on

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