Senior Lease Negotiator

Federal Realty Investment Trust•North Bethesda, MD

8h•$120,000 - $150,000

About The Position

Federal Realty Investment Trust is a proven leader in the ownership, operation, development and redevelopment of premium retail real estate in the country's best markets. We consider ourselves one of the most innovative and dynamic real estate companies with which one can work. Interested candidates who research Federal Realty will learn about our high quality community shopping center and mixed use property portfolio. Federal Realty’s well-respected real estate investment and management team delivers a significant combination of both modest and large, value-add investments; being part of the team that conceives of and delivers these investments is very rewarding. While Federal Realty is one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our assets, we function and operate more like a small company. Team members with initiative and proven ability get involved in many facets of executing Federal’s business plan. We encourage you to follow Federal Realty Investment Trust on LinkedIn. We are seeking an individual with extensive experience in drafting and negotiating retail lease agreements to join our team as a Senior Lease Negotiator. This role requires a strong background in preparing retail lease documents and related correspondence, working collaboratively with a team of Lease Negotiators, Attorneys, and Legal Leasing Assistants to support the drafting of lease agreements for Federal Realty’s existing and prospective tenants. An emphasis may be placed on secondary documents, including renewals, expansions, relocations, assignments, rent deferrals, lien waivers, and estoppels. This position will also involve legal leasing research on assigned properties. The position will be based in either our North Bethesda, MD or El Segundo, CA office. The ideal candidate will be able to work effectively in time-sensitive situations, meet deadlines, collaborate in a team environment, and prioritize assigned work. This individual must thrive in a fast-paced environment while maintaining strong attention to detail.

Requirements

8+ years previous paralegal/lease negotiator experience, previous experience in a legal department of a real estate company a strong plus
College degree or paralegal certificate
Highly proficient using MSOffice (Outlook, Word, Excel) with the ability to learn and use new software and systems
Knowledge of legal terminology and experience with generation of lease briefs and retail leases
Excellent written and verbal communication skills
Strong time management skills and attention to detail, with a high degree of accuracy and success in delivering to key deadlines
Demonstrated success working collaboratively and in a team environment
Flexibility to occasionally adjust working hours to meet deadlines and collaborate with team members on the East and West Coasts
Minimal travel required

Nice To Haves

Previous experience with Salesforce a plus

Responsibilities

Draft lease documents, including secondary documents from letter of intent and/or lease brief using internal document production software
Prepare redlines and revisions of subsequent drafts of lease documents
Adapt existing forms to specific deals, revising existing language based upon comments from tenant and/or attorney, utilizing the Lease Language Book appropriately
Collaborate with attorneys, other Federal Realty departments, and current/potential tenants to keep deals moving efficiently and smoothly to include the timely processing of Tenant-executed documents and completion of legal abstracts
Draft and negotiate vendor and broker agreements according to departmental guidelines
Investigate and gather information from internal and external sources
Maintain lease production and weekly status reports of pending documents using internal reporting software
Collaborate with outside counsel, and when requested, track the status of lease documentation being prepared by outside counsel
Create and maintain files including working, chronological, and litigation files
Draft internal and external correspondence
Coordinate with internal departments responsible for lease administration and collections to check tenant account for defaults and arrearages
Provide occasional administrative support to the legal department
Complete other various projects and duties as assigned