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Serves as the real estate manager, primarily in the Industrial/Warehouse space, for company operated distribution center network to support the supply chain strategy within the designated geographic area(s).
Job Responsibility:
Interfaces with landlords, developers, real estate professionals, supply chain operations, and senior management to effectuate strategies to support supply chain network
Engages brokers to help implement expansion strategy, primarily in the Industrial/Warehouse space, including managing broker relationships, bringing in new sites, drafting letters of intents, and creating brief summaries of deal
Acts as a liaison between company and broker on issues regarding real estate
Utilizes financial models to evaluate occupancy cost and leasehold improvements
Negotiates contract terms and landlord delivery responsibilities
Reviews and approves documents for accuracy and works with legal to create finalized document
Explains real estate and lease circumstances as needed including lease interpretation as questions arise
Develops and maintains comprehensive project documentation, including project plans, design documents, resource allocations, budgets, and post-project reports
Completes zoning assessment for industrial/flex storage use
Prepares real estate approval packages for all sites, including executive summary, proformas, site/fixture plans, signage plans, competitor information, market data, etc
Estimates property value by researching and analyzing property information for market comps, acquisitions, and financial audits
Conducts ad hoc analysis quickly with high degree of accuracy including calculating market rents for upcoming projects, producing reports for senior and executive team, providing updates as requested as well as reports relating to market value comparative analysis and subleases
Monitors project progress, identifies risks, and develops mitigation plans to ensure timely delivery
Performs other real estate tasks as directed
Requirements:
Bachelor’s degree or equivalent, preferably in real estate, business administration, or related field
3+ years of experience with industrial/flex site selection in a multi-unit environment development in high growth situations
Experience developing and following Real Estate and/or Development and Construction department procedures
Ability and experience in estimating retrofit and build out costs for Warehouses and Industrial buildings
Proficiency with the Microsoft Office Suite (Excel, Word, and PowerPoint)
Understanding of real estate laws, practices, calculations and experience in the negotiation of real estate contracts
Strong analytical skills including the ability to perform market analysis, calculate figures amounts relating to real estate leases and related occupancy costs (e.g., taxes, insurance and common area costs)
Strong attention to detail
Proven track required in identifying, securing, and delivering Warehouse/Industrial sites in multiple metropolitan markets required in a fast paced work environment
Knowledge of the process of taking a Warehouse/Industrial site from market research and planning through to the final lease negotiation, site permitting, construction and opening
Proven record with managing multiple cross functional business relationships with internal and external parties
Project management skills with a structured, methodical, and analytical work approach
Independent worker who is flexible and reliable with strong communicative skills and a hands-on work approach
Ability to prioritize and handle multiple assignments at any given time while maintaining commitment to deadlines
Must possess advanced negotiation skills and the ability to verbally express thoughts in a logical, persuasive manner
Travel up to 10% of the time
Nice to have:
Experience in the managing of Warehouse/Industrial building refurbishments or construction projects is a plus