Sr. Director, Real Estate - West

Five Below•Philadelphia, PA

17h•Onsite

About The Position

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Requirements

Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
12+ years of experience in retail real estate field is required
8+ years’ experience negotiating leases, contracts, and similar documents
8+ years previous experience in asset management based function for a national/regional retailer and/or retail focused commercial developer
Ability to motivate & lead others while skilled at fostering an inclusive working environment focused on collaboration from within & amongst cross-functional partners
Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer including high comfort level & experience dealing with c-suite executives
Strong negotiation and transaction management skills
Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
Self-motivated with critical attention to detail and deadlines
Strong understanding of real estate practices and related legal principles
Must be able to travel as needed

Responsibilities

Manage execution of a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned region
Ownership of a core function/process within Real Estate Department
Proactively evaluate opportunities to enhance, evolve, streamline any & all components of the owned function/process
Develop & execute annual strategic initiatives
Own annual budget (if applicable) while managing expenses throughout fiscal year
Constantly evaluate current tools/resources for long term scalability while investigating alternative tools in the marketplace for upgraded functionality and/or efficiency gains
Collaborate closely with Real Estate Managers, Master Brokers (if applicable), local broker teams & Manager of Analytics to develop, refine and execute market plan
Collaborate closely with construction, design, facilities, finance and portfolio management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
Develop strong working relationships with peer leaders in construction, design, lease administration, legal & operations
Responsible for approval of site selection of new store locations in assigned region
Effectively manage broker representation in assigned region to maintain required standards for executing new store growth plans
Actively coach/mentor all direct reports to support their career progression & expand their capabilities - incorporating personal development plans, goal planning & promote exposure opportunities
Focus on empowering team members to effectively own their responsibilities & foster their individual growth/development for benefit of overall team performance/engagement
Champion a collaborative culture within regional team
Conduct executive team field tours with key stakeholders for review of potential and existing locations
Work closely with legal counsel & dealmakers on lease negotiations in assigned region
Effectively manage regional dealmakers to deliver a robust pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
Review/approve detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
Handle ownership of REC Process/Management for all deals in assigned region including REC Package approvals, supplemental data strategy, store analog approvals & pre-reviews with Senior Vice President of Real Estate
Collaborate with dealmakers on preparation strategy & presentation execution of proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned region
Frequent travel to/within assigned region to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities with dealmakers & local brokers
Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned region
Foster/maintain strong working relationships with key local/regional/national developers in assigned region thru routine in person portfolio reviews, attendance at key networking events & conferences
Attend/represent Five Below at select Regional & National ICSC Conventions