Leasing Administrator
3 weeks ago
Leasing Administrator- Commercial Retail
JOB SUMMARY (Hybrid)
Under the direction of the Director of Real Estate, manage the implementation of renewal, relocation, closure, and consolidation strategies for the current portfolio, with a strategic emphasis on rent reduction. Formulate strategic plans for regional market penetration and ensure the realization of development objectives through effective management of investment expenses, broker networks, and site integrity. Work closely with the Market Analysis team to pinpoint trade areas, collect demographic information, and scrutinize growth patterns, traffic flows, and real estate trends to identify prime locations within designated markets. Compile thorough approval packages for the Real Estate Committee pertaining to renewal, relocation, or new site initiatives.
ESSENTIAL DUTIES & RESPONSIBILITIES
· Strategic Regional Market Penetration Planning & Execution
· Participate in defining, updating, and implementing real estate strategies.
· Prioritize real estate initiatives within the market and oversee the evaluation, deployment, and management of current and future initiatives.
· Stay informed about industry trends and issues, providing insights on their competitive and financial implications.
· Establish goals, objectives, procedures, and performance measures for the real estate department at the market level.
· Analyze prospective sites within the target area to identify the best options that maximize internal rates of return, evaluating costs and permitting timeframes.
Site Selection/Negotiation
· Negotiate renewal lease transactions according to company criteria, considering unique transaction circumstances.
· Ensure the execution of all lease contracts.
· Prepare detailed site approval packages, aligning with Construction on budgets, investment criteria, site feasibility, and permitting timeframes.
Project Management
· Collaborate closely with Construction Project Managers to monitor and manage new openings and remodels.
REQUIRED QUALIFICATIONS
· 3+ years of diverse experience in corporate retail real estate, emphasizing multi-unit retail and high-growth development projects.
· Understanding of construction and finance.
· Strong communication skills with the ability to influence and foster meaningful team relationships.
· In-depth knowledge of industry standards, project development processes, and requirements for nationwide multi-unit development.
· Proven track record in lease renegotiations.
· Ability to align objectives and work programs with industry standards and adapt to changes in real estate and development direction.
· Proficiency in PC-based computer skills, including word processing and spreadsheets.
· Ability to compute rate, ratio, and percent return.
Minimum Educational Level/Certifications
· Bachelor's degree in real estate, business, finance, or a related field.
Physical Demands/ Environmental Conditions
· Work independently as the position is remote.
· Manage multiple tasks concurrently.
· Travel to market required.
· Candidates must reside in the Charlotte Metro Area and be open to travel as needed.
PEACE BEGINS WITH A SMILE – Mother Teresa
WE CAN’T HELP EVERYONE, BUT EVERYONE CAN HELP SOMEONE – Ronald Reagan
BE THE CHANGE YOU WISH TO SEE IN THE WORLD – Mahatma Gandhi
FAITH IS TAKING THE FIRST STEP EVEN WHEN YOU DON’T SEE THE WHOLE STAIRCASE – Martin Luther King, Jr.
NO ONE IS USELESS IN THIS WORLD WHO LIGHTENS THE BURDEN OF IT TO ANYONE ELSE – Charles Dickens
LIFE IS 10% WHAT HAPPENS TO YOU AND 90% HOW YOU RESPOND TO IT – Lou Holtz
FOR IT IS IN GIVING THAT WE RECEIVE – Francis of Assisi
LET ME WIN, BUT IF I CANNOT WIN, LET ME BE BRAVE IN THE ATTEMPT – Motto of the Special Olympics
NEVER TELL PEOPLE HOW TO DO THINGS. TELL THEM WHAT TO DO AND THEY WILL SURPRISE YOU WITH THEIR INGENUITY. – General George S Patton
THERE IS ONLY ONE WAY TO SUCCEED AT ANYTHING AND THAT IS TO GIVE EVERYTHING – Vince Lombardi
ONE LEARNS PEOPLE THROUGH THE HEART, NOT THE EYES OR THE INTELLECT – Mark Twain
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