Real Estate Director

2 weeks ago


Chicago, Illinois, United States Primrose School Full time
Job Title: Real Estate Director

We are seeking a highly skilled and experienced Real Estate Director to join our team at Primrose School. As a key member of our leadership team, you will be responsible for managing the real estate process from location identification through execution of a purchase and sale agreement or lease within an assigned geographical territory or territories.

Key Responsibilities:
  • Develop and maintain excellent working relationships with each assigned Franchise Owner
  • Develop and maintain excellent working relationships with real estate brokers in each of the DSA's assigned markets
  • Establish a mutually agreeable strategy for site search process
  • Contacts each assigned new franchise owner and commences site acquisition process at the appropriate time
  • Manages site identification process from franchise agreement execution through purchase or lease agreement execution
  • During site identification process, acts as the primary contact for and maintains regular email and verbal communication with each franchise owner including the preparation and presentations of sites for possible locations
  • During site identification process, acts as the primary Primrose contact with broker and seller/landlord and during entitlement process, acts as the secondary contact with broker and seller/landlord
  • Coordinates preparation of concept site and floor plans
  • Reviews opportunities with Development Project Manager before preparing approval package to gain consensus on viability of project
  • Prepares and negotiates letters of intent, prepares and presents internal site approval packages, and coordinates the preparation and negotiation of purchase agreements with outside legal counsel
  • Identifies and prepares maps for new target areas
  • Recommends boundaries for newly created Designated Areas and manages communication process with Franchise Owners for approval of final maps
  • Ensures all necessary information/documents are provided to and received from Franchise Owners
  • Consults with Independent Development franchise owners to review proposed sites and helps prepare and present site approval packages
  • Reviews all sites submitted by brokers for potential Primrose sites in assigned areas
Requirements:
  • Four-year college degree is preferred
  • At least 7 years of commercial real estate experience on the tenant/user side
  • Experience in locating real estate development and lease opportunities
  • Prior experience in growing retail/service retail brands in the designated region
  • Understanding of the entitlement process
  • Experience and knowledge in working with small pad and raw development sites
  • Extensive purchase and lease agreement negotiation experience
  • Demonstrated experience in working on multi-disciplined teams comprised of internal peers, outside consultant, and clients
  • Proficiency in market analysis software
  • Experience in multi-unit market expansion planning preferred
  • Experience working within a franchise environment is preferred
  • Goal and detail oriented, self-directed, and collaborative
  • Credible and honest with high-integrity; inspires trust
What We Offer:
  • Competitive pay
  • Opportunity for EVERYONE to earn commission and/or bonuses based on company and personal performance
  • 50% tuition reimbursement for up to three children and/or one grandchild at any Primrose school
  • Flexible work environment
  • Full-time team members are eligible for health, dental and vision insurance


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