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Real Estate Director
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Director of Real Estate
F1 Arcade is a leading social entertainment venue, where high-octane excitement meets exceptional hospitality Each meticulously designed venue features up to 90 state-of-the-art full-motion F1 racing simulators, a world-class food menu and open kitchen, an enormous cocktail and champagne bar, along with private and semi-private event spaces, perfect for all group sizes. Whether or not you're a racing fan, this is a social gaming experience like no other.
The Director of Real Estate will be responsible for:
Site Acquisition and Development:- Identify and evaluate potential locations for new venues across the US, ensuring alignment with customer data, financial hurdles, and market strategy. Conduct thorough market research, demographic analysis, benchmarking similar concepts, and in-person site assessments.
- Lead negotiations with landlords, property owners, and brokers to secure LOIs and lease agreements. Develop and present proposals that align with company objectives and financial targets.
- Work directly with finance and construction teams to create comprehensive financial models to evaluate potential sites, including pro forma analysis, cost projections, and ROI assessments. Provide detailed reports and recommendations to senior management based on data analysis and in-person market visits.
- Oversee the real estate process from initial site identification to final deal closure. Coordinate with internal teams and consultants, including legal, finance, construction, and operations, to ensure successful execution and integration.
- Build and maintain strong relationships with key stakeholders, including real estate brokers, developers, and community leaders. Represent the company at industry events and forums.
- Stay informed about market trends, real estate developments, and competitive landscape. Provide strategic insights and recommendations to guide the company's expansion strategy across the US.
The ideal candidate will be knowledgeable in the following:
- Minimum of 5+ years of experience in real estate management, with a proven track record of successfully negotiating retail, restaurant, and commercial leases focused on brand expansion. Experience in the social entertainment or hospitality industry is a plus.
- Bachelor's degree in Real Estate, Business Administration, Finance, or a related field. Advanced degree or professional certifications (e.g., CCIM, SIOR) are advantageous.
- Proven problem-solving capabilities with creative solutions.
- Highly motivated and a self-starter in nature.
- Strong analytical and financial modeling skills.
- Excellent negotiation and communication abilities both verbally and written.
- Proficiency in real estate software and tools.
- Ability to manage multiple projects and priorities effectively.
- Proven ability to work independently and as part of a team.
- Willingness to travel extensively across the US to visit potential sites, meet with stakeholders, and oversee real estate activities.
