Real Estate Director

sephora.com • Fresno, CA

1d • Remote

About The Position

Ready for a career glow up? As Director of Real Estate, you’ll develop and execute Sephora’s real estate strategy across the Southeast region, identifying and securing prime retail locations that support Sephora’s growth. The work you do will impact beauty, as you drive market expansion, negotiate strategic lease agreements, and optimize the performance of Sephora’s retail portfolio. You’ll be part of a team that’s united in beauty, supported by those who are equally passionate about strategic growth, market analysis, and delivering exceptional retail experiences.

Requirements

• 7+ years of experience in retail real estate site selection, lease negotiations, and portfolio management
• Proven ability to negotiate complex business and legal terms for retail leases
• Strong financial and demographic analysis skills, including running proformas and interpreting financial results
• Established relationships with national and regional developers, landlords, and brokers
• Experience with mall, power center, lifestyle center, and outlet retail real estate
• Ability to read and interpret lease agreements and legal documents
• Strong communication and presentation skills, with the ability to present recommendations to senior leadership
• Strong collaboration skills and ability to work cross-functionally across multiple teams
• Proficiency in Microsoft Office Suite
• Bachelor’s degree preferred or equivalent experience
• The ideal candidate will reside in one of the following states: OK, LA, AR, MS, TN, AL, GA, FL, NC or SC

Responsibilities

• Develop and implement Sephora’s real estate strategy, including identifying and securing new store locations
• Manage the full real estate pipeline from strategy through execution for new and existing stores
• Identify and evaluate potential retail sites using market research, trade area analysis, and competitive landscape insights
• Negotiate lease terms, landlord work letters, renewals, relocations, expansions, and store closures
• Partner with Legal and internal teams to negotiate and execute real estate agreements and resolve landlord disputes
• Build and maintain strong relationships with landlords, brokers, developers, and retail partners
• Collaborate cross-functionally with Store Design, Construction, Operations, Finance, and Legal to ensure successful store development projects
• Prepare and present site selection and lease recommendations to the Real Estate Committee and senior leadership
• Manage and optimize the existing real estate portfolio, identifying opportunities for cost savings and revenue enhancement
• Participate in annual real estate strategy planning and contribute to the multi-year real estate plan
• Travel as needed to support site selection, negotiations, and market visits

Benefits

• Health. Choose a healthcare plan to fit you and your family’s needs with medical, dental, and vision coverage. Sephora also fully covers our employees’ disability and life insurance.
• Wealth. We offer a competitive 401k with 4% match as well as FSA and HSA programs. We also offer a Student Debt Retirement plan, where your student loan payments qualify to earn the 401k match from Sephora.
• Balance. You’ll be empowered to find the perfect blend of work/life balance that actually works for you with PTO, flexibility, protected leave, and more.
• Growth. Career growth is built into every role, with access to training, development, and tuition reimbursement.
• Perks. Think you’ve tried it all? Enjoy a 30% discount on all merchandise/services, opportunities for free product or “gratis,” and flash sale discounts on LVMH brand products.
• Support. Join a team that truly cares – with free mental health and financial coaching resources with 24/7 access to Modern Health and Financial Finesse. Plus, volunteer and donation matching.

What This Job Offers

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