Director, Real Estate

Floor & Decor • Springfield, MA

1d

About The Position

PURPOSE This position is responsible for site selection and all related tasks for new and relocated stores. Related tasks include demographic and cannibalization analysis, management of broker network and landlord relationships, presentation of property attributes to the Vice President of Real Estate and Construction (“Vice President”) along with other company executives, negotiation of letters of intent, assisting attorneys and Vice President in lease negotiations, and assisting in coordinating projects with other department functional areas. This position is a travel intensive position with 75%+ travel potential. Your Day Consist of... Store Development Gathers and analyzes market data to determine appropriate markets and locations. Identify and evaluate store site locations, their availability, access, population trends, sales potential, and competition. Initiates site selection, work with legal counsel on LOI, partner with construction on project budget, assist with lease questions, and maintain oversight from store project inception to completion. Assist Vice President in creating, maintaining and updating the global real estate plan. Develop and maintain adequate real estate inventory to meet company goals for their area of responsibility. Partner with the Sr. Director of Construction and the Sr. Director of New Store and Visual Merchandising to ensure real estate projects incorporate necessary merchandising design criteria and specifications. Prepare real estate site approval packages for the Vice President and executive team review. Ensure compliance with corporate real estate standards in respect to identifying the best location/best value for all real estate acquisitions. Assist in maintaining reports in order to update company leaders on the status of lease signing through project completion. Analyze and makes recommendations for underperforming real estate assets (e.g., closing, lease negotiation).

Requirements

• Bachelor’s Degree and ten (10) years of real estate site selection (at least five (5) years big box second generation experience), basic zoning, site plan, LOI/lease negotiation, and construction experience, or an equivalent combination of education and experience sufficient to perform the essential functions of the job, as determined by the company. Additional relevant experience can be substituted for the required education on the basis of one calendar year of experience for one academic year of education.
• Must have the ability to take a development from market research and planning through lease negotiations.
• Skill in persuasive oral and written communications, including effective executive-level presentation skills.
• Demonstrated ability to effectively establish relationships with and interact with the real estate development community including developers and brokers.
• Demonstrated skills in the areas of lease and contract negotiations.
• A basic knowledge of how government zoning requirements, hearings and permit approvals work.
• Demonstrated energy, drive, determination and persistence, even when confronted with rejection.
• Ability to present information effectively and respond to questions from executive team members, property owners, store managers and local government officials.
• Ability to perform market research and review market data and develop recommendations and solutions.
• Excellent planning, organization and time management skills.
• Ability to carry out multiple assignments concurrently while holding self and others accountable.
• Ability to interact effectively at all levels and across diverse cultures.
• Teamwork, collaboration and ability to leverage resources along with value and respect of others.
• Ability to adapt to changes in the external environment and organization.
• Physical site evaluation skills.
• Strong customer service and results orientation.
• Proven problem-solving and team building skills
• Excellent organizational skills

Responsibilities

• Gathers and analyzes market data to determine appropriate markets and locations.
• Identify and evaluate store site locations, their availability, access, population trends, sales potential, and competition.
• Initiates site selection, work with legal counsel on LOI, partner with construction on project budget, assist with lease questions, and maintain oversight from store project inception to completion.
• Assist Vice President in creating, maintaining and updating the global real estate plan.
• Develop and maintain adequate real estate inventory to meet company goals for their area of responsibility.
• Partner with the Sr. Director of Construction and the Sr. Director of New Store and Visual Merchandising to ensure real estate projects incorporate necessary merchandising design criteria and specifications.
• Prepare real estate site approval packages for the Vice President and executive team review.
• Ensure compliance with corporate real estate standards in respect to identifying the best location/best value for all real estate acquisitions.
• Assist in maintaining reports in order to update company leaders on the status of lease signing through project completion.
• Analyze and makes recommendations for underperforming real estate assets (e.g., closing, lease negotiation).

Benefits

• Bonus opportunities & career advancement opportunities at every level
• Programs that help you reach your financial goals: 401k with company match, Employee Stock Purchase Plan, and Referral Bonus Program
• Medical, Dental, Vision, Life, and other Insurance Plans (subject to eligibility criteria)
• Work-life balance, including: Paid vacation and sick time for eligible associates
• Paid holidays plus a personal holiday
• Paid Volunteer Time Off that starts on Day 1

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees