Director of Industrial Real Estate Development

The Suddath Companies•Jacksonville, FL

10d

About The Position

Suddath is seeking an experienced Director of Industrial Real Estate Development to work closely with the VP of Real Estate to grow its development platform and execute projects from acquisition through stabilization. The company is a growth-oriented commercial real estate development firm focused on industrial, logistics, warehouse, manufacturing, and business park developments. The Director is responsible for sourcing, evaluating, entitling, developing, and delivering industrial real estate projects. This leadership role oversees the full development lifecycle and coordinates internal teams, consultants, contractors, municipalities, capital partners, and brokers. The ideal candidate has extensive industrial development experience, strong financial and analytical skills, exceptional leadership abilities, and a record of successfully delivering industrial projects. The position has supervisory responsibilities and requires less than 25% travel. The work environment is a cubicle setting with usually moderate noise. The role regularly involves sitting, using hands to handle or feel items, and talking or hearing; the employee must occasionally lift or move up to 10 pounds.

Requirements

Bachelor's degree in Real Estate, Finance, Civil Engineering, Construction Management, Business, or a related field.
At least 7 years of commercial real estate development experience.
At least 5 years of leadership experience managing development teams.
Proven experience developing industrial, warehouse, logistics, manufacturing, or business park projects.
Strong understanding of land acquisition, entitlements, site development, capital planning, and investment analysis.
Demonstrated ability to manage multiple projects simultaneously and execute them successfully.
Working experience with logistics facilities, distribution centers, manufacturing developments, industrial parks, and build-to-suit developments.
Strong relationships with brokers, municipalities, consultants, contractors, and capital partners.
Excellent communication and presentation skills, including written and verbal communication and the ability to speak effectively before groups.
Experience in strategic planning, financial modeling, and analysis.
Ability to lead projects and coordinate teams.
Strong industrial development expertise and proven deal negotiation skills.
Solid capital markets knowledge, public agency relationship management, construction oversight experience, and risk management capabilities.
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals; write routine reports; perform calculations involving financial and geometric figures; apply basic algebra and geometry; solve practical problems; and interpret written, oral, diagram, or schedule-based instructions.
Strong knowledge of Microsoft Office Suite.
Ability to prioritize, adapt to changing needs, multitask, organize workflow, meet deadlines, and manage daily responsibilities.
Ability to travel less than 25%.
Ability to occasionally lift or move up to 10 pounds; required vision abilities include close vision and adjusting focus.
No certification is required.

Responsibilities

Help manage the company's industrial development initiatives and growth strategy.
Identify, evaluate, and pursue new development, redevelopment, and acquisition opportunities.
Develop and maintain a pipeline of industrial projects.
Evaluate market opportunities and competing developments, and collaborate with executive leadership on strategic planning and business expansion.
Source land and development opportunities and conduct acquisition analyses and feasibility reviews.
Manage due diligence, including environmental assessments, geotechnical investigations, utility capacity evaluations, survey and title reviews, and regulatory and entitlement analyses.
Negotiate purchase agreements, consultant proposals, and other required contracts.
Work with leadership on project underwriting and financial modeling; evaluate feasibility and risk; and prepare investment committee presentations and recommendations.
Develop and manage development budgets and capital expenditures, and monitor project profitability and financial performance.
Lead rezoning, entitlement, permitting, and site approval efforts.
Maintain relationships with municipalities, utility providers, planning agencies, and economic development organizations.
Represent the company at public hearings, planning commissions, and municipal meetings.
Manage external consultants and legal counsel during approval processes.
Oversee project design and construction, directing architects, engineers, contractors, and consultants.
Monitor project schedules, budgets, and quality standards; review and approve contracts, change orders, and major expenditures; and lead project meetings and executive reporting.
Collaborate with leasing teams on tenant requirements and market positioning; support build-to-suit opportunities and tenant negotiations; evaluate market demand and development timing; and assist with lease negotiations from a development perspective.
Perform other duties and responsibilities as assigned or as the job description may change.