Property Management Lease Negotiator

O'Reilly Auto Parts • Headquarters, KY

13d

About The Position

The Property Management Lease Negotiator engages landlords in contract negotiations using market data and other conditions to obtain favorable lease rates and terms, pursue expansions and additions, and, when appropriate, terminate leases. The role documents negotiated updates by preparing lease modifications and obtaining required approvals and signatures.

The negotiator works with Lease Administration, in-house legal counsel, other Real Estate sub-departments, research assistants, the Property Manager, and the Director of Property Management to research market conditions, assess relocation possibilities, monitor critical lease dates and issues, and support property and lease matters.

O’Reilly Auto Parts describes a record of growth and stability and a promote-from-within philosophy that encourages career development. The company is an equal opportunity employer and states that reasonable accommodations may be available to qualified individuals with disabilities.

Requirements

• Bachelor’s degree or equivalent real estate experience.
• Commercial real estate experience, preferably with national credit leasing portfolios.
• Computer literacy and administrative skills, including Word and Excel.
• Organizational and problem-solving skills.
• Dependability.
• Good customer service skills.
• Ability to convey information through written and spoken communication.
• Ability to work independently, multitask, prioritize, and meet deadlines.

Nice To Haves

• Master’s degree or additional real estate certifications.
• Research and negotiation experience involving new or existing facilities.
• Lease interpretation skills and written and verbal communication skills.
• Proficiency in Word and Excel and comfort using various software systems.
• Excellent organizational and administrative skills.

Responsibilities

• Engage existing landlord relationships in negotiations over contracted rates and terms.
• Research market rental rates and current market conditions.
• Use tenant credit, relocation opportunities, and positioning to reduce occupancy costs.
• Draft and prepare lease modifications for existing store sites as needed.
• Negotiate projects such as early terminations, store expansions, and store additions.
• Monitor right-to-terminate and other critical issues in coordination with Lease Administration.
• Monitor lease option notice dates alongside relocation status and report to the Lease Review Committee for direction and approvals.
• Coordinate with in-house legal counsel during negotiations to obtain approval of lease language.
• Communicate with Real Estate sub-departments and research assistants to determine market rents and relocation possibilities.
• Assist the Property Manager and Director of Property Management with property and lease issues as needed.

Benefits

• Competitive wages and paid time off.
• Stock Purchase Plan and 401(k) with employer contributions starting day one.
• Medical, dental, and vision insurance, with an optional flexible spending account (FSA).
• Team Member Health/Wellbeing Programs.
• Tuition Educational Assistance Programs.
• Opportunities for career growth.

What This Job Offers

• Job Type: Full-time