Real Estate Specialist

Michaels Stores • Irving, TX

3d

About The Position

The Real Estate Specialist is responsible for supporting the management of the real estate pipeline process for Michaels. This position will support the North American new store and lease renewal pipeline and processing packages for real estate pipeline meetings and Real Estate Committee. This role coordinates with outside lease administration services providers and internal stakeholders to ensure our store and corporate leases are managed effectively from a contractual, financial, and operational perspective. Responsibilities include processing Lease Actions and capital deals, from planning to initiating and recording final approval and lease documentation, monitoring critical dates, reviewing payment files, and regular reporting.

Requirements

• Bachelor’s degree or equivalent experience
• Understanding of legal writing and interpretation and ability to negotiate & interpret lease documentation
• PowerPoint, Excel, Word, Outlook, etc.
• Familiarity with lease administration databases and/or project tracking software
• 2-4 years of professional work experience in lease administration, project management, retail/commercial real estate
• Experience delegating work and providing feedback

Nice To Haves

• Bachelor’s degree in accounting, Real Estate, Business, or Legal
• CoStar, Oracle, and/or QuickBase experience
• Related experience within the commercial real estate industry (retail experience preferred)

Responsibilities

• Manage the Real Estate Committee process, including executive-level presentations and cross-functional alignment
• Ensure that key committee decisions are translated into actionable real estate strategies
• Support and recommend best practices on complex ad hoc real estate projects and initiatives
• Collaborate with external Lease Administration services provider to provide feedback and solutions on escalated issues, coordinating communication with internal teams including Legal, Real Estate, Facilities, Operations, Construction, Finance, and Accounting.
• Distribute reporting on savings through lease amendments, waivers, reconciliations, cotenancy violations, and tenant allowance reimbursements as well as status of defaults and landlord issues.
• Work with Deal Makers to support the annual development and documentation of the Portfolio Market Plan across multiple business partners.
• Generate estimated annual rent budget considering rent, NNN, alternate rent payments, and potential renewals or closures.
• Review monthly and weekly payment files for errors.
• Provide oversight to ensure critical dates are closely monitored and track project activities, ensuring adherence to established schedules and deadlines.
• Validation of abstracted leases and amendments to ensure accuracy and completion.
• Oversee annual audits.
• Other duties as assigned

Benefits

• health insurance (medical, dental, and vision)
• paid time off
• tuition assistance
• generous employee discounts

What This Job Offers

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