Real Estate Acquisition Manager (Texas)

Quiktrip • Round Rock, TX

298d • $137,600 - $172,000

About The Position

The primary purpose of this job is to assist the Director of Real Estate or Division Real Estate Manager in identifying potential store locations. The role involves managing the acquisition of approved locations and assisting with obtaining the necessary zoning, variances, plan approvals, and permits for the construction of new stores and store projects to meet the goals of the Strategic Plan. The position also requires controlling professional service and development costs on all projects and representing the company's interests in the local real estate and development community. Additionally, the role includes leading, mentoring, and training new employees and peers with less experience.

Requirements

• College degree in Real Estate, Business or Engineering or equivalent experience.
• Three years' experience in commercial real estate acquisition and/or development.
• Layout site plans, estimate construction costs, excellent negotiation skills, communications and organizational skills.
• Personal computer skills.
• Critical thinking and problem-solving skills.

Nice To Haves

• Advanced degree in Business or Engineering.
• Five years' experience in a commercial real estate acquisition and/or development.
• Experience in site selection, contract and lease negotiation, and project management.

Responsibilities

• Maintain a sufficient number of locations for review and approval by the Director of Real Estate or Division Real Estate Manager to achieve the goals of the Strategic Plan.
• Develop and maintain expert knowledge of each box and area as assigned.
• Maintain a workload commensurate with advanced experience in real estate.
• Identify and research potential sites.
• Prepare Site Approval packages per the guidelines.
• Develop an acquisition strategy for placing a site under contract.
• Obtain the correct location.
• Control land costs.
• Expedite the acquisition process.
• Negotiate all deals to the company's utmost benefit.
• Employ perseverance and a sense of urgency.
• Utilize creative real estate strategies.
• Maintain a network of skilled, production-oriented real estate brokers.
• Understand the basic real estate values in the market.
• Assist the Real Estate Project Manager in the representation of the company on zoning, planning, variance, and permitting issues.
• Meet with state, county, and city planning, zoning, and engineering departments.
• Attend relevant public meetings.
• Understand the area's political arena.
• Develop and maintain professional relationships with utility companies, governmental agencies, elected officials, developers, brokers, investors, landlords, attorneys, consultants, and title companies.
• Participate in various public initiatives that benefit the company.
• Assist the Real Estate Project Manager in overall project management.
• Conduct a handoff of project information.
• Assist with the development, implementation, and maintenance of the critical path.
• Assist with development strategies involving site development process, satisfaction of federal, state, and local municipal requirements, retention of QuikTrip standards for site development, profitability of location, and limitation of dead deal costs.
• Provide timely project reporting and tracking, pursuant to the current store development standard and procedures.
• Prepare and manage contracts, leases, easements, and development agreements.
• Ensure all such documents are completed timely, accurately, and serve the best interests of the company.
• Coordinate with local attorney or QuikTrip General Counsel or Corporate Counsel.
• Review with the Director of Real Estate or Division Real Estate Manager.
• Ensure all deadlines are met in a timely manner.
• Review and prepare documents for close of escrow.
• Ensure Title Insurance policy and commitment are correct and meet the standard and procedures.
• Coordinate documents between Sellers, Neighbors, and Store Development personnel.
• Assist the Director of Real Estate, Division Real Estate Manager, Regional Director of Real Estate, or Vice President of Real Estate with special projects.
• Manage the Sale Lease Back Program as needed and negotiate with existing Landlords for potential store buy-back purchases to facilitate redevelopment of our new store prototype.
• Manage the Surplus Property Program as needed.
• Manage operating store lease extensions, right of first refusals, amendments, and other requirements as outlined in the operating store leases.
• Provide updates to the project owner.
• Maintain open, ongoing communication with construction personnel.
• Attend pre-bid and pre-construction meetings as needed.
• Ensure accurate preparation of bid and construction documents.
• Provide details of all design, permitting, utility, signage, landscaping, and potential construction issues.
• Provide ongoing assistance to the Construction Manager in the areas of issue/conflict resolution and cost control.

What This Job Offers

• Industry: Food and Beverage Retailers
• Education Level: Bachelor's degree