Real Estate Director

3 weeks ago

Chicago, United States Primrose School Franchising Company Full time
Benefits:
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Paid time off
  • Tuition assistance
  • Vision insurance

WHAT A DIFFERENCE
At Primrose, our mission - to forge a path that leads to a brighter future for all children -  is why we do what we do each day. It informs our who, what and how.  Our belief that who children become is as important as what they know comes to life through our exclusive, research-informed approach to teaching and learning. We deliver more than a curriculum; we provide a life-changing early learning experience for children and their families.
 
We believe who you are is as important as what you know.While experience and knowledge are an important part of the success equation, who you are matters just as much. We treasure our relationships with Team Members, Franchise Owners and those we serve. Our commitment to diversity means we seek similarities and respect differences in our unique backgrounds, life experiences and perspectives. We make every effort to ensure everyone feels they belong in our Primrose community.
 
WHAT YOU’LL DO
The Real Estate Director will manage the Primrose School Franchise Company’s real estate process from location identification through execution of a purchase and sale agreement or lease within an assigned geographical territory or territories. In addition, the Real Estate Director is the primary point of contact for franchise owners during the site selection phase and is responsible for creating, updating, and transitioning all franchise owner and target area maps within his/her area(s). 
 
 The ideal candidate has extensive experience in locating real estate development and lease opportunities, purchase and lease agreement negotiation, and small pad and raw development sites as well as a strong understanding of the entitlement process. This position requires up to 50% field travel.

Duties and Responsibilities:
  • Develops and maintains excellent working relationships with each assigned Franchise Owner
  • Develops and maintains excellent working relationships with real estate brokers in each of the DSA’s assigned markets
  • Establishes 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
 
WHO WE ARE LOOKING FOR
We seek to build teams of individuals who maintain trusted relationships, demonstrate accountability, influence without authority, have a service mindset, agility and curiosity. Our ideal candidate will possess a mix of the following skills and competencies:
  • 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 YOU’LL GET
We offer competitive pay and the opportunity for EVERYONE to earn commission and/or bonuses based on company and personal performance. We demonstrate our commitment to children and families with 50% tuition reimbursement for up to three children and/or one grandchild at any Primrose school and a flexible work environment. Full-time team members are eligible for health, dental and vision insurance.

This is a remote position.

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