Real Estate Manager (Hybrid: Onsite and Remote Work)

US Foods • Rosemont, IL

2d • $75,000 - $125,000 • Hybrid

About The Position

The Real Estate Manager will report to the Senior Director, Real Estate and will work independently and as part of a team in all aspects of a corporate real estate management environment. This environment will include geographic territory responsibility for lease negotiations, property management, portfolio analysis, lease administration and internal reporting. This position has been segmented as Hybrid meaning there is a combination of three onsite days and the rest remote.

Requirements

• Bachelor’s degree required (preferably in real estate, business, finance, or accounting) or equivalent relevant experience.
• A minimum of five (5) to seven (7) years corporate real estate experience is required including, but not limited to, the following competencies: real estate closing experience (purchase and sale); transaction management; property management; database management; real estate document preparation and interpretation; lease and contract negotiation.
• Ability to comprehend, analyze and interpret complex real estate documents.
• Ability to draft legally sufficient real estate documents.
• A thorough knowledge of commercial real estate practices is required.
• Excellent written and verbal communication skills.
• Highly organized and able to adapt quickly to changing priorities.
• Proficient in Microsoft Office Suite Applications.

Responsibilities

• Expected to independently lead and produce in a corporate real estate management environment without a large amount of leadership oversight.
• Negotiating with landlords (directly or through brokers) for new or renewal leases and lease extensions on properties assigned such as shuttle lots, sales offices and specialty locations to obtain the most beneficial terms for the company and maintaining contracted relationships while determining which to recommend for renewal.
• Collaborate with Legal Department to draft documentation related to leases (incl. sublease and license agreements), exercise of renewal options, extensions, and others as arise.
• Analyze ongoing business usage of rental properties; identify properties with surplus unused capacity as candidates for termination of leases with landlords, thereby promoting savings and lowering Company’s risk.
• Review and proofread contracts; maintain accurate real estate records via web-based Lease database, tracking all critical dates including lease options and expirations
• Work with legal in preparing documentation for exercise of renewal options and extensions
• Design, prepare and interpret real estate reports based on organizational needs as requested
• Supporting dashboard technology initiatives with service provider to bring forth relevant reports to track properties, and better analyze and report metrics for the department
• Support due diligence activities for purchase or sale of property on behalf of the team by tracking deliverables and dates relative to closings
• Assist in all management aspects of surplus properties such as prime landlord lease obligations, subtenant leases, operational issues, maintenance issues, rent collection, default notices, reconciliation of operating expenses annually, budget forecasting for subtenants and surrender of subtenant premises and securing audit services as necessary
• Work with Sr Manager to reconcile operating expenses and real estate taxes billed annually by landlords on leased locations nationwide and securing audit services where necessary
• Maintain relationships with landlords; mediate issues as necessary and respond to incoming issues /concerns regarding compliance with the terms of the Company’s lease
• Support Senior Director, Real Estate in Supply Chain Network initiatives which may require independent and team based work including market reviews, site selection, expansion evaluation, dispositions of properties and additional real estate strategies.
• Other duties as assigned by manager

Benefits

• Benefits for this role may include health insurance, pre-tax spending accounts, retirement benefits, paid time off, short-term and long-term disability, employee stock purchase plan, and life insurance.

What This Job Offers

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