Regional Real Estate Manager

Wawa, Inc.•Indianapolis, IN

About The Position

Regional Real Estate Manager manages assets which include site review, acquisition and development of new store locations. Seek opportunities to improve or enhance current properties.

Requirements

Communicate effectively both orally and in writing.
Analyze information and effectively propose solutions.
Highly developed consultative, facilitation, project management and presentation skills.
High degree of professionalism and confidentiality.
Ability to effectively negotiate.
Handle multiple priorities simultaneously.
Work independently.
Work collaboratively with cross-functional teams.
Excellent negotiating skill.
Extensive travel; requires working outside of normal business hours including evenings and weekends.
Excellent understanding of real estate finance.
Bachelor’s Degree in a related field preferred.
Real Estate License preferred.
Minimum of five years of experience in retail and/or commercial real estate.
Understanding of retail operations and business model.
Must possess knowledge of local zoning law applications and local site development real estate trends.
Must be based in Indiana, or have direct experience working on commercial real estate transactions within Indiana, with willingness to relocate to the state if not currently local.

Responsibilities

Develop and maintain a market optimization plan for assigned geographical territory.
Identify optimum potential new locations, quantify cost structure and return on investment including acquisition cost for land or lease versus buy analysis.
Prepare detailed site analysis of all proposed new site locations including alternative properties in the area.
Negotiate acquisition of new site locations and define strategies for acquisition and development.
Manage the contract process including “critical dates” in conjunction with legal staff.
Partner with the engineering staff and external resources regarding planning and entitlement process.
Represent and testify for Wawa at planning and zoning board meetings.
Maintain network of contacts required including brokers, developers, landlords and outside resources such as legal counsel, engineering and traffic consultants.
Effectively manage cost, expenses, financial projections and minimize potential write-offs.
Participate in internal monthly land development meeting for existing sites and communicate the status of projects in the pipeline.
Communicate on a regular basis with legal staff on issues such as REA and access agreements, covenants and other documentation required.
Participate in post-opening reviews of stores within assigned territory.
Maintain active involvement in local political processes that impact store development within their territory.
Identify, by participating in the portfolio process, stores that have the opportunity to improve sales with the acquisition of additional property for more retail space and/or parking.
Participate in the disposal of surplus properties as assigned.
Negotiate the terms of additions/acquisitions relative to these site improvement projects with landlords and owners.
Conduct the approval process in conjunction with engineering staff and outside resources for the site expansions.