Leasing Manager

SNDL Inc. • Edmonton, AB

16d • Hybrid

About The Position

The Leasing Manager is responsible for managing all aspects of the commercial leasing process for the company's retail real estate portfolio, including new site acquisitions, lease renewals, lease negotiations, and broker management. The role serves as the primary liaison between landlords, commercial real estate brokers, internal stakeholders, and legal counsel to ensure that leasing transactions are completed efficiently, commercially, and in accordance with company objectives.

Requirements

• Minimum 5 years of commercial retail leasing or commercial real estate experience.
• Experience negotiating retail leases and Letters of Intent.
• Strong understanding of commercial lease documentation and legal principles.
• Experience managing external commercial real estate brokers.
• Advanced proficiency with Microsoft Excel, Word, and lease management systems.
• Experience working within a multi-location retail organization is considered a strong asset.

Nice To Haves

• Bachelor's degree in Business, Commerce, Real Estate, Finance, or a related discipline.

Responsibilities

• Manage an assigned portfolio of retail locations and maintain responsibility for all upcoming lease renewals and critical lease events.
• Develop and maintain a comprehensive renewal schedule, ensuring negotiations commence well in advance of lease expiry dates.
• Monitor lease option dates, notice periods, landlord obligations, and other critical milestones.
• Prioritize leasing activities based on operational requirements, business strategy, and financial impact.
• Maintain accurate lease status reports and provide regular updates to management.
• Lead all lease renewal negotiations with landlords.
• Analyze existing lease economics and identify opportunities to improve lease terms.
• Prepare negotiation strategies supported by financial and market analysis.
• Escalate significant business risks or commercial issues to senior leadership.
• Manage the leasing process for new retail locations from initial site identification through execution of the final lease.
• Retain, direct, and manage external commercial real estate brokers.
• Clearly communicate site selection criteria and market objectives to brokerage partners.
• Review potential opportunities and coordinate internal approval processes.
• Negotiate Letters of Intent (LOIs) directly with landlords or through brokers.
• Coordinate execution of binding lease documentation following approved LOIs.
• Ensure all internal approvals are obtained before lease execution.
• Select and retain qualified commercial real estate brokers.
• Build productive relationships with brokerage firms across operating markets.
• Establish leasing priorities and performance expectations.
• Monitor broker performance and market coverage.
• Ensure brokers actively pursue opportunities aligned with corporate growth strategies.
• Coordinate broker activities to avoid duplication and maximize market intelligence.
• Conduct detailed market rent analysis for all proposed lease transactions.
• Research comparable lease transactions, competing retail developments, and current market conditions.
• Prepare comprehensive market reports supporting lease recommendations.
• Analyze market rental rates, vacancy trends, comparable retail transactions, demographic information, competitive positioning, and occupancy costs.
• Demonstrate whether proposed lease economics are consistent with market conditions and provide recommendations supported by data.
• Present findings clearly to senior leadership.
• Manage lease transactions from Letter of Intent through lease execution.
• Coordinate with legal counsel, construction, operations, finance, executive leadership, and the Leasing Assistant.
• Ensure all required documentation is complete and properly approved.
• Track transaction progress throughout each stage of the leasing process.
• Maintain organized electronic and physical lease files.
• Ensure executed lease documents are accurately recorded within corporate systems.
• Work closely with internal departments to ensure successful execution of leasing projects, including Construction, Finance, Operations, Executive leadership, Leasing Assistant, and Legal.
• Represent the company in negotiations with landlords, developers, and their representatives.
• Protect the company's commercial interests while maintaining productive long-term landlord relationships.
• Identify creative solutions to complex leasing issues.
• Balance financial objectives with operational requirements.
• Negotiate confidently in a professional and ethical manner.
• Manage multiple lease transactions simultaneously across numerous markets.
• Maintain accurate tracking systems for all leasing activities.
• Ensure no critical renewal, option, or notice deadlines are missed.
• Prioritize workload effectively in a fast-paced environment.
• Maintain detailed records of negotiations and transaction status.
• Produce regular leasing pipeline and status reports.
• Prepare reports for management including lease renewal recommendations, market rent analyses, financial summaries, transaction status reports, leasing pipeline updates, risk assessments, executive approval packages, and portfolio performance metrics.

Benefits

• Competitive compensation including performance-based bonuses and annual salary reviews.
• Comprehensive health and dental benefits, including a Healthcare Spending Account.
• Three weeks of paid vacation with annual rollover.
• Flexible, hybrid work arrangements to support work-life balance.
• Recognition and rewards programs that celebrate individual and team achievements.
• Employee & Family Assistance Program (EFAP) with mental health, financial, and family support.
• Employee perks and discounts program, offering savings across fitness, wellness, lifestyle, retail, and everyday services.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level