Sr. Real Estate Development Manager
About The Position
The Sr. Real Estate Development Manager is accountable for physical growth, portfolio optimization, and real estate cost management in an assigned geographic territory. The role identifies, evaluates, and advances real estate opportunities across multiple markets and serves as a liaison between the Real Estate team and field operations, aligning strategic goals with execution. The manager works with property owners, developers, brokers, municipalities, and internal teams to implement strategies in assigned markets. The position requires 75% travel and is located within or in close proximity to the assigned market.
Requirements
- 5–7 years of experience in market or real estate development for a retail organization.
- Bachelor’s degree in real estate, business, finance, or a similar field, or an equivalent combination of education and experience.
- Prior experience in market development and real estate negotiations.
- Strong negotiation, communication, and relationship-building skills.
- Proficiency in real estate systems such as Lucernex and the Microsoft Office Suite.
- Ability to travel frequently and work independently in a fast-paced environment.
- Consistent attention to detail and high accuracy.
- Strong real estate financial background, including the ability to understand a P&L and calculate figures such as square footage, interest, commissions, development cap rates, and percentages.
- Demonstrated success collaborating cross-functionally with internal and external partners to achieve shared goals.
Nice To Haves
- CCIM (Certified Commercial Investment Member) designation.
- Real Estate Agent or Broker License.
Responsibilities
- Travel extensively to target markets to evaluate potential sites, meet with brokers, and assess real estate opportunities.
- Collaborate with the Real Estate Analytics team to review market roadmaps and provide field-based insights to refine strategy.
- Build and maintain relationships with real estate brokers and preferred developers; coordinate property tours, review listings, and assess ground-up development opportunities.
- Partner with Operations, Construction, and Legal teams on site selection, development feasibility, and project execution.
- Source new properties, including existing buildings and ground-up developments, and lead negotiations of Letters of Intent with property owners.
- Maintain accurate landlord and site records in Lucernex and manage documentation throughout the development lifecycle.
- Oversee site plans, architectural drawings, and visual documentation; prepare site packages for Real Estate Committee review.
- Transition approved sites to the Construction team and maintain relationships with brokers, landlords, and other stakeholders through lease negotiation and build-out.
Benefits
- Comprehensive health and wellness benefits program for Team Members and their families.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
