Senior Manager- Real Estate
3 weeks ago
***Position can sit remotely in Arizona, San Diego and Los Angeles***
SUMMARY
The Manager, Real Estate is responsible for assisting in the analysis and development of new store expansion, locating potential stores that fit the current Hibbett| City Gear growth strategy and negotiating letters of intent and leases to achieve the best possible deal.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Work with Senior Director to determine Hibbett and City Gears store growth strategy.
Research and find potential new locations for Hibbett I City Gear stores that are in Hibbett I City Gears focus areas and align with the companys current growth plan. Travel and scout out different potential site locations.
Negotiate a letter of intent with the broker or property owner for a prospective space.
Analyze each site with a pro-forma to determine financial feasibility of space.
Prepare power point and analytics for real estate committee.
Present potential new site locations to the real estate committee after letter of intent is negotiated. If approved, is responsible for ensuring lease is completed.
Manage space delivery dates with landlords.
Manage the full spectrum of property assets related to leased space; work directly with Landlords real estate brokers to meet space needs/requirements; negotiate terms and conditions of leases; review offers to lease and lease agreements.
Coordinate lease administration to include, new lease; store openings and other real estate activity related thereto; lease database management; key lease dates; communication of lease data (especially store opening dates) to Construction, Merchandising, Accounting and other key departments
Interface with attorneys to review, negotiate and finalize leases and coordinate various lease issues.
Evaluate and finalize store locations with site visits.
Provide assistance to construction and design as they draw plans and begin the construction of new locations.
Develop and maintain relationships with brokers, property owners, and leasing agents.
Protect the companys assets and financial information by ensuring the accuracy and effectiveness of internal control procedures and informing management and/or appropriate officials of potential fraud risk.
SUPERVISORY RESPONSIBILITIES
Hire, train and manage a team of Managers, Real Estate. Evaluate staff with mid-year and yearly reviews. Determine responsibilities and territories for each Manager, Real Estate. Work with staff to evaluate new deals prior to presentation to Real Estate committee.
QUALIFICATIONS
Bachelors degree in business or a related field
5 or more years of experience in real estate
Experience working for a retail company
Experience with lease negotiations and scouting out potential spaces for business
Proficient in Microsoft Office, including Excel, Word, and Outlook
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