Real Estate Manager
| Company | Five Below |
|---|---|
| Location | Denver, CO, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Mid Level, Senior |
Requirements
- Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
- 3+ years of experience in retail real estate field is required
- 2+ years previous experience in market planning, site selection & deal negotiation
- Ability to travel 25-50% of the time
- Must have working knowledge of regional retail markets, shopping centers & major developers
- Experience managing third party service providers, including master brokers, local market brokers and outside legal counsel
- Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
- Strong negotiation and transaction management skills
- Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
- Ability to recall information easily
- Self-motivated with critical attention to detail and deadlines
- Strong understanding of real estate practices and related legal principles
Responsibilities
- Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory
- Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan
- Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
- Responsible for site selection of new store locations and existing store repositioning opportunities
- Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
- Manage/Mentor RE Coordinator partner – incorporating personal development plans, goal planning & promote exposure opportunities
- Conduct field tours with key stakeholders of potential and existing locations
- Work closely with legal counsel on all lease negotiations in assigned territory
- Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
- Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
- Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory
- Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities
- Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories
- Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners
- Attend/represent Five Below at select Regional & National ICSC Conventions
Preferred Qualifications
- Master’s Degree in Business Administration or real estate/finance related concentration is preferred