Director, Real Estate

Ross Stores•Woodbridge, NJ

1d•Hybrid

About The Position

This role is based in the New York Metro area and will direct the analysis, selection, negotiation, administration, and coordination of Ross’ new store Real Estate program, and/or the relocation, replacement, expansion, and surplus store programs.

Requirements

Minimum 8 to 10 years’ experience in Real Estate related functions with at least 6 years in Retail Real Estate.
Bachelor’s degree in business, finance or real estate preferred
Must have excellent organizational, analytical, written, and communicative skills.
Must have excellent supervisory skills to ensure work gets done effectively and timely.
Ability to travel nationally as required

Responsibilities

Negotiate the business points for sites approved by the company as well as lease renewals, store expansions, modifications, and surplus store space available for sublease.
Travel to required market areas to visually inspect and evaluate proposed sites, existing stores, and competitors within the trade area.
Direct all negotiations with brokers, developers, attorneys, property owners and landlords. Negotiate the best overall deal, including the most favorable position/presence within the center for each site consistent with the company’s goals and standards.
Find, evaluate, and investigate multi market store site locations (availability, property value, access, zoning, development obstacles, timing, etc.).
Direct the coordination of all legal documents needed to lease or sublease the properties within the assigned geographic territory.
Direct staff and outside Brokers to analyze and define existing and targeted trade areas.
Direct Real Estate analyst in securing information required for new store site submittal packets and proofing thereof for the Real Estate Committee.
Direct staff in research and evaluation of pertinent data related to trade areas and specific sites (i.e. demographics/population, incomes, white-collar percentages, visibility, competition, co-tenancy, population growth trends and sales potential).
Prepare presentations for the Group Vice President, Group Senior Vice President, and Executive Vice President with recommendations: signed deal letters, potential store site, renewal options, store expansions, landlord disputes and other matters affecting existing or proposed locations.
Participate in International Council of Shopping Centers and other Real Estate seminars or forums that are geared towards Commercial Retail Real Estate.
Assist the Group Senior Vice President and Group Vice President of Real Estate on a continual basis.
Participate/assist in preparation and review of 5-year development plan for geographical area of responsibility on an annual basis and be able to present territory to executive staff.