Corporate Director of Real Estate

Vibe Restaurants LLC•Farmers Branch, TX

99d•Hybrid

About The Position

The Corporate Director of Real Estate will play a critical role in driving the market strategy and growth for Vibe Restaurants. This individual will be responsible for new store expansion, including site selection, approvals, and lease executions, as well as existing restaurant acquisitions. They will also serve as the lead on real estate, representing the company and driving its expansion strategy with brokers and landlords. The ideal candidate will work well in a collaborative team environment but also be able to work independently, both in the field and in the office.

Requirements

7 to 10 years of experience in real estate, site selection, LOI and lease negotiation, and project management
Strong organizational skills and attention to detail
Ability to work harmoniously with people
Thorough knowledge of and commitment to the company's culture and values, with a high level of ownership mentality
Ability to understand and drive metrics

Nice To Haves

Work with senior leadership to formulate and execute national, regional, and local real estate goals.
Source, vet, and approve sites through the broker network or directly.
Prepare and present new sites for approval at real estate committee and board meetings.
Analyze proformas to determine the financial feasibility of potential new sites.
Develop and maintain strong business relationships with the Franchisor, landlords, developers, and other retailers.
Work with the real estate team on design elements for each new potential site.
Partner with the construction team to develop and meet project timelines for space turnovers.
Manage and coordinate the broker network.
Help improve and create processes and documentation for site selection, contract negotiation, and committee approvals.
Attend ICSC Conferences and other real estate conferences and events.
Communicate the Vibe Restaurants vision to landlords, developers, and other retailers.