Regional Real Estate Manager

Wawa, Inc.•Lexington, KY

About The Position

The Regional Real Estate Manager manages real estate assets and site reviews, and oversees acquisition and development of new store locations. The role also seeks opportunities to improve or enhance existing properties within an assigned geographic territory. The position requires extensive travel and work outside normal business hours, including evenings and weekends. The candidate must be based in Kentucky or have direct experience with commercial real estate transactions in Kentucky and be willing to relocate to the state if not currently local.

Requirements

Minimum of five years of experience in retail and/or commercial real estate.
Understanding of retail operations and the business model.
Knowledge of local zoning law applications and local site development real estate trends.
Must be based in Kentucky or have direct experience working on commercial real estate transactions within Kentucky, with willingness to relocate to Kentucky if not currently local.
Excellent understanding of real estate finance.
Ability to communicate effectively orally and in writing.
Ability to analyze information and effectively propose solutions.
Highly developed consultative, facilitation, project management, and presentation skills.
High degree of professionalism and confidentiality.
Ability to negotiate effectively.
Ability to handle multiple priorities simultaneously.
Ability to work independently and collaboratively with cross-functional teams.

Nice To Haves

Bachelor’s degree in a related field preferred.
Real estate license preferred.

Responsibilities

Develop and maintain a market optimization plan for the assigned geographic territory.
Identify potential new locations and quantify their cost structure and return on investment, including land acquisition costs and lease-versus-buy analysis.
Prepare detailed site analyses for proposed locations, including alternative properties in the area.
Negotiate acquisition of new site locations and define acquisition and development strategies.
Manage the contract process and critical dates in coordination with legal staff.
Partner with engineering staff and external resources on planning and entitlement processes.
Represent and testify for Wawa at planning and zoning board meetings.
Maintain a network of brokers, developers, landlords, legal counsel, engineering consultants, traffic consultants, and other outside resources.
Manage costs, expenses, and financial projections, and minimize potential write-offs.
Participate in monthly internal land development meetings and communicate the status of projects in the pipeline.
Communicate regularly with legal staff regarding REA and access agreements, covenants, and other required documentation.
Participate in post-opening reviews of stores in the assigned territory.
Remain actively involved in local political processes that affect store development in the territory.
Participate in the portfolio process to identify stores that could improve sales through acquisition of additional property for retail space or parking.
Participate in the disposal of surplus properties as assigned.
Negotiate terms for additions and acquisitions related to site improvement projects with landlords and owners.
Coordinate the approval process for site expansions with engineering staff and outside resources.