Senior Manager- Real Estate
2 weeks ago
SUMMARY
The Manager, Real Estate is responsible for assisting in the analysis and development of new store expansion, locating potential stores that fit the current Hibbett| City Gear growth strategy and negotiating letters of intent and leases to achieve the best possible deal.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Work with Senior Director to determine Hibbett and City Gear’s store growth strategy.
- Research and find potential new locations for Hibbett I City Gear stores that are in Hibbett I City Gear’s focus areas and align with the company’s current growth plan. Travel and scout out different potential site locations.
- Negotiate a letter of intent with the broker or property owner for a prospective space.
- Analyze each site with a pro-forma to determine financial feasibility of space.
- Prepare power point and analytics for real estate committee.
- Present potential new site locations to the real estate committee after letter of intent is negotiated. If approved, is responsible for ensuring lease is completed.
- Manage space delivery dates with landlords.
- Manage the full spectrum of property assets related to leased space; work directly with Landlord’s real estate brokers to meet space needs/requirements; negotiate terms and conditions of leases; review offers to lease and lease agreements.
- Coordinate lease administration to include, new lease; store openings and other real estate activity related thereto; lease database management; key lease dates; communication of lease data (especially store opening dates) to Construction, Merchandising, Accounting and other key departments
- Interface with attorneys to review, negotiate and finalize leases and coordinate various lease issues.
- Evaluate and finalize store locations with site visits.
- Provide assistance to construction and design as they draw plans and begin the construction of new locations.
- Develop and maintain relationships with brokers, property owners, and leasing agents.
- Protect the company’s assets and financial information by ensuring the accuracy and effectiveness of internal control procedures and informing management and/or appropriate officials of potential fraud risk.
SUPERVISORY RESPONSIBILITIES
Hire, train and manage a team of Managers, Real Estate. Evaluate staff with mid-year and yearly reviews. Determine responsibilities and territories for each Manager, Real Estate. Work with staff to evaluate new deals prior to presentation to Real Estate committee.
QUALIFICATIONS
- Bachelor’s degree in business or a related field
- 5 or more years of experience in real estate
- Experience working for a retail company
- Experience with lease negotiations and scouting out potential spaces for business
- Proficient in Microsoft Office, including Excel, Word, and Outlook
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