Director of Real Estate

Culligan Quench•Remote - US, PA

10d•Hybrid

About The Position

About Culligan Quench Culligan Quench’s purpose is to impact people’s lives and improve the earth by helping to eliminate the 500 million plastic bottles consumed each year. We play a front-line role in the battle against single-use plastic water bottles by delivering on-demand filtered water solutions to more than 120,000 healthy and environmentally conscious customers across North America. Our bottle-free water coolers, ice machines, sparkling water dispensers and coffee brewers purify the existing water supply, providing an endless supply of clean water and water-based beverages for a fixed monthly fee, typically under a long term bundled service and rental subscription agreement. Culligan Quench has grown from a small regional company to an international leader that had a successful NYSE public offering in 2016 and is now a strategic company owned by private equity backed Culligan. Headquartered in King of Prussia, PA, Quench has more than 1,600 team members operating out of more than 90 locations across North America and Puerto Rico. For more information visit https://quench.culligan.com/ About Culligan There’s nothing more fundamental to life on Earth than water. At Culligan, we believe transforming water can transform the world. That's why we offer expert water services and industry-leading solutions globally. Local Culligan teams deliver better drinking water to people at work, at home and on the go. With expertise across service, science and sustainability, Culligan turns water you can live with into water you can love. For more information visit www.culligan.com . Values: 5Cs Culligan as One Customers come first Commitment to Innovation Courage to do what's right Consistently deliver exceptional results Position Summary At Culligan Quench, the Director of Real Estate is responsible for developing and executing the company’s commercial real estate strategy in support of operational growth and portfolio optimization. This role leads site selection, lease negotiations, acquisitions, dispositions, and business case development while partnering with Executive Leadership, Finance, Operations, and Legal to ensure real estate decisions align with the company’s strategic objectives. The Director of Real Estate oversees multiple real estate projects simultaneously, provides financial and strategic analysis for transaction decisions, drives process improvements, and leads a cross-functional team responsible for delivering successful real estate initiatives nationwide.

Requirements

Bachelor’s degree in Real Estate, Finance, Business Administration, Project Management, or related field.
7+ years of progressive commercial real estate, project management, or related experience.
3+ years of people leadership experience.
Demonstrated experience structuring, negotiating, and executing commercial real estate transactions, including acquisitions, dispositions, leasing, and portfolio optimization.
Proven experience sourcing, evaluating, conducting due diligence, and closing commercial real estate transactions.
Strong understanding of commercial real estate law, lease structures, financial statements, property taxes, and due diligence processes.
Advanced financial analysis skills, including lease comparison modeling and investment analysis.
Proficiency with Microsoft Excel and experience using commercial real estate software such as Argus, MRI, Apex, or similar platforms preferred.
Ability to travel approximately 10-20%.

Responsibilities

Lead end-to-end commercial real estate transactions, including site selection, Letter of Intent (LOI) negotiations, lease negotiations, acquisitions, dispositions, and related business planning.
Manage multiple real estate projects simultaneously, balancing timelines, budgets and forecasts, staffing requirements, available resources, and stakeholder expectations.
Develop financial analyses and business cases to support real estate transactions, including lease comparison matrices, portfolio analysis, transaction reporting, dashboards, compliance reporting, and key performance indicators.
Conduct market reviews, demographic analysis, site tours, and due diligence to identify, evaluate, and recommend commercial real estate opportunities that support the company’s operational and growth objectives.
Develop and present executive recommendations, financial analyses, and transaction packages to support informed real estate investment decisions.
Draft, negotiate, and review Letters of Intent (LOIs), while partnering with internal and external stakeholders throughout the transaction lifecycle.
Oversee the analysis of all required documentation necessary to execute commercial real estate transactions and development activities.
Develop and implement standardized real estate policies, reporting, processes, and best practices that improve operational efficiency, governance, and scalability, including maintenance of the company’s real estate portfolio on Occupier (or the like).
Drive portfolio optimization initiatives focused on maximizing operational efficiency, reducing occupancy costs, and supporting long-term business growth.
Lead, coach, and develop a team of exempt and non-exempt employees while establishing performance expectations, departmental goals, and budget accountability.
Exercise sound independent judgment and discretion in evaluating complex commercial real estate opportunities and making recommendations that impact the business.