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Senior Real Estate Manager
4 months ago
PURPOSE
This position is responsible for site selection and all related tasks for new and relocated stores. Related tasks include demographic and cannibalization analysis, management of broker network and landlord relationships, presentation of property attributes to the Senior Director of Real Estate along with other company executives, negotiation of letters of intent, assisting attorneys in lease negotiations, and assisting in coordinating projects with other department functional areas. This position is a travel intensive position with 50%+ travel potential.
MINIMUM ELIGIBILITY REQUIREMENTS
- Bachelor's Degree and five (5) years of real estate site selection (at least three (3) years big box experience), basic zoning, site plan, LOI/lease negotiation, and construction experience, or an equivalent combination of education and experience sufficient to perform the essential functions of the job, as determined by the company. Additional relevant experience can be substituted for the required education on the basis of one calendar year of experience for one academic year of education
- Must have the ability to take a development from market research and planning through lease negotiations
- Skill in persuasive oral and written communications, including effective executive-level presentation skills
- Demonstrated ability to effectively establish relationships with and interact with the real estate development community including developers and brokers
- Demonstrated skills in the areas of lease and contract negotiations
- A basic knowledge of how government zoning requirements, hearings and permit approvals work.
- Demonstrated energy, drive, determination and persistence, even when confronted with rejection
- Ability to present information effectively and respond to questions from executive team members, property owners, store managers and local government officials
- Ability to perform market research and review market data and develop recommendations and solutions
- Excellent planning, organization and time management skills
- Ability to carry out multiple assignments concurrently while holding self and others accountable
- Ability to interact effectively at all levels and across diverse cultures
- Teamwork, collaboration and ability to leverage resources along with value and respect of others.
- Ability to adapt to changes in the external environment and organization
- Physical site evaluation skills
- Strong customer service and results orientation. Proven problem-solving and team building skills
- Excellent organizational skills
Store Development
- Gathers and analyzes market data to determine appropriate markets and locations
- Identify and evaluate store site locations, their availability, access, population trends, sales potential, and competition
- Initiates site selection, work with legal counsel on LOI, partner with construction on project budget, assist with lease questions, and maintain oversight from store project inception to completion
- Assist in creating, maintaining and updating the global real estate plan
- Develop and maintain adequate real estate inventory to meet company goals for their area of responsibility
- Partner with the Sr. Director of Construction and the Sr. Director of New Store and Visual Merchandising to ensure real estate projects incorporate necessary merchandising design criteria and specifications
- Prepare real estate site approval packages for executive team review
- Ensure compliance with corporate real estate standards in respect to identifying the best location/best value for all real estate acquisitions
- Assist in maintaining reports in order to update company leaders on the status of lease signing through project completion
- Analyze and makes recommendations for underperforming real estate assets (e.g., closing, lease negotiation)
- This position is salaried, knowing it may include hours which exceed eight hours in a day or forty hours in a week
- Occasional travel required including air and car travel
- While performing the duties of this job, the employee is occasionally exposed to a warehouse environment and moving vehicles. The noise level in the work environment is typically quiet.
Medium Work - Ability to exert 20-50 pounds of force occasionally, and/or 10-25 pounds of force frequently, and/or greater than negligible up to 10 pounds of force constantly to lift, carry, push, pull, or otherwise move objects. The employee is often required to use their hands and fingers, to handle or feel. The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl.
Note: Floor & Decor considers all applicants for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, medical condition, pregnancy, marital or familial status, veteran status, or based on any other class protected by applicable federal, state, or local law. Floor & Decor also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.
This job description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer at its sole discretion.
Benefits & Rewards
- Bonus opportunities at every level
- Career advancement opportunities
- Relocation opportunities across the country
- 401k with discretionary company match
- Employee Stock Purchase Plan
- Referral Bonus Program
- Medical, Dental, Vision, Life and other Insurance Plans (subject to eligibility criteria)
Equal Employment Opportunity
Floor & Decor provides equal employment opportunities to all associates and applicants without regard to age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, disability, veteran status, genetic information, ethnicity, citizenship, or any other category protected by law.
This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits and all other privileges, terms and conditions of employment. This policy and the law prohibit employment discrimination against any associate or applicant on the basis of any legally protected status outlined above.
