Real Estate Development Manager

3 weeks ago


Hickory, North Carolina, United States Merchants Distributors Full time

Job Summary:

The Real Estate Manager will support the growth of Alex Lee by developing and executing long-range real estate growth plans for new retail grocery stores and strategic asset management of an existing real estate portfolio within assigned geographies.

Key Responsibilities:

  • Perform store site analysis to determine potential success for future grocery locations.
  • Manage the full cycle development process including land use, site selection, analysis, negotiation, and internal approvals necessary to develop new location(s) in assigned geographies.
  • Negotiate LOI's, Leases and Purchase Contracts with Landlords/Developers with the support of internal and external legal resources.
  • Participate in Monthly Real Estate Committee (REC) meetings including presenting new locations and communicating to senior leadership analysis and recommendations related to the management of an existing asset portfolio.
  • Director and Lease Administrator to review lease expiration report and develop/implement renewal and renegotiation strategies.
  • Director on special projects related to supporting internal wholesale (MDI, Souto Foods, Import Mex) or other strategic organizational needs.
  • Manage 3rd Party Property management, brokerage, and legal support in the Leasing and/or sale of owned real estate.
  • Support the Lease Administrator in monitoring real estate income/expenditure as applicable.

Requirements:

  • Bachelor's degree with emphasis in real estate, finance, legal, business administration, or relevant study.
  • A minimum of five years' experience in retail real estate; big box and/or grocery related experience strongly preferred.
  • Extensive experience in negotiating real estate legal agreements (LOI's, Leases, Declarations) and managing/evaluating property transactions including purchases and sales of real property.
  • Strong ability to analyze financial and demographic data.
  • Proven ability to manage relationships with national, regional, and local developers and landlords.
  • Experience in managing payments, negotiating contracts, and determining rental rates.
  • Proficiency in real estate management software.
  • General knowledge of real estate law, taxes, and financial statements. Ability to understand financial underwriting principles.
  • Excellent leadership and communication skills.

Travel:

25% - Required as necessary to targeted markets and Alex Lee offices (Hickory/Winston-Salem). Company vehicle provided as needed for business travel.



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