Corp Rlest/Transaction Specialist

Kroger•Nashville, TN

About The Position

The Real Estate Transaction Specialist will support the Real Estate Management team across one or more divisions in executing the enterprise’s brick-and-mortar capital strategy. This role focuses on lease restructuring, surplus property disposition, tenant leasing, outparcel carveouts, use waivers, property management, and key initiatives that align with long-term network strategy and deliver Return on Invested Capital (ROIC) over time. Demonstrate the company’s core values of respect, honesty, integrity, diversity, inclusion, and safety.

Requirements

Minimum Bachelor's Degree in business or real estate
2+ years of experience in commercial/retail property management, real estate leases, accounting, contractual obligations and legal liabilities, and sales experience; or equivalent combination of education and experience
Ability to prioritize/multi-task while providing accurate/on-time results
Demonstrated ability to maintain confidentiality and protect sensitive information
Excellent oral/written communication skills
Strong attention to detail
Proficient with standard business software
Ability to read/interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, and procedure manuals
Ability to effectively present information and respond to questions
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
Ability to develop others

Nice To Haves

2+ years of experience in real estate with another retailer or real estate development company, including in property management

Responsibilities

Create and deliver presentation materials for division leadership meetings, real estate site tours, and other ad hoc presentations to communicate project updates, strategic initiatives, and transaction outcomes.
Partner with division asset management team in the creation and execution of brick & mortar network strategy, including major projects, joint venture developments, fuel centers, remodels, key initiatives, operational closures and divestitures; prioritize projects that deliver ROIC thresholds and support long-term network strategy.
Support the Real Estate Manager throughout the entire real estate transaction lifecycle, including due diligence, lease contingencies, tracking key milestone dates and completing supporting legal documentation.
Partner with Corporate Real Estate, division teams and 3rd Party consultants to evaluate, negotiate and document lease restructuring opportunities that increase leasehold value and align to network strategy through proficient and aggressive negotiating.
Initiate and manage surplus property disposition and outparcel leasing transactions from inception to completion.
Partner with key stakeholders ( i.e., 1045, retail maintenance, operations, etc.) to assist with property management functions, ensuring compliance with corporate standards and operational excellence; evaluate landlord common area maintenance obligations and costs to ensure best pricing and negotiate ways to reduce maintenance costs to industry standards while continuing to maintain the customer shopping experience.
Conduct market research and financial analysis to support site selection, lease negotiations, and strategic initiatives; manage and collaborate with 3rd party consultants to ensure the highest degree of market intelligence, execution, integrity and accountability.
Prepare, review and track letters of intent, leases, purchase agreements, Joint Venture Agreements and REAs, ensuring adherence to company standards and respective party obligations.
Partner with Corporate Real Estate, division teams, legal counsel, consultants, brokers and landlords/developers to execute projects effectively; partner with 1045, RASC, Shared Services, etc. to ensure division leadership and stores receive professional levels of back-office support, including property management, expense collection, maintenance, surplus/leasing, 3rd party approvals, etc.
Partner with division teams to submit capital projects to Capital Committee, including accurate financial analyses and supporting documentation required for submittal.
Must be able to perform the essential functions of this position with or without reasonable accommodation