Sr Real Estate Manager

Grocery Outlet Career•Los Angeles, CA

1d•$115,000 - $135,000

About The Position

The Senior Real Estate Manager will support and execute, under the guidance of a Senior Director of Real Estate, the analysis, selection, negotiation, and development processes associated with Grocery Outlet’s new store, relocation and expansion program. The Senior Real Estate Manager will report to the Senior Director of Real Estate.

Requirements

3+ years Retail Real Estate experience
College degree in Real Estate, Finance, Business, or related field preferred
Proven track record of negotiating complex Leases from inception to final execution
Proven experience working with or for multi-unit retailer expansion or a multi-retail asset Landlord
Excellent organizational, analytical, written, and oral communication skills required
Ability to lead a collaborative process across the Grocery Outlet organization with internal and external stakeholders
An understanding of the workings of the commercial real estate community
A basic understanding of construction and property management
Ability to read and interpret documents such as safety rules, operating and maintenance instructions and procedure manuals as well as municipal codes and regulation
Ability to write routine reports and correspondence
Ability to calculate figures and amounts such as discounts, interest, and volume
Ability to apply concepts of basic algebra and geometry
Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form
Ability to deal with problems involving several variables in situations
Ability to deal tactfully and effective with brokers, landlords, attorneys, architects, local government officials, sub-lessors, vendors, independent operators, and all Grocery Outlet employees

Responsibilities

Support and management of market analysis, site selection, transaction, project approvals and development processes utilizing personal effort and leveraging consultants, brokers, third party partners and other market resources as necessary
Identify, inspect, track and evaluate potential sites, existing stores and competitors within various trade areas
Coordinate evaluation of pertinent data related to trade areas and sites, i.e. population density, incomes, education levels, site visibility, competition, co-tenancy, and growth trends
Evaluate store site locations for availability, property value, access, zoning, development obstacles, timing, etc.
Negotiate business points for sites approved by the company as lease renewals, store expansions, modifications, and surplus store space available for sublease
Develop and evaluate negotiated deal terms, store revenue projections and store development investment and operating costs in partnership with internal finance professionals for the completion of financial forecasts related to specific transactions
Oversee collection, assembly and accuracy of information required for new store site presentations to the Grocery Outlet Real Estate Committee
Coordinate with company internal and outsourced counsel legal documents required to lease, renew, or sublease properties
Facilitate communication between transaction management, landlords, construction, legal and architecture internal and/or external partners to complete projects on time and on budget
Coordinate communication between Real Estate Department staff, outside brokers, Regional Operations Managers and the Real Estate Committee participants to analyze and define existing and targeted trade areas
Present to the Grocery Outlet Real Estate Committee recommended new sites, relocations, lease extensions, leases renewals, store remodels, landlord dispute resolution and other matters
Maintain excellent working relationships with real estate brokers, owners, landlords, attorneys, architects, and real estate representatives of other retail tenants
Represent Grocery Outlet to government officials, municipal authorities, neighborhood groups, and other interested parties relative to the establishment and operation of Grocery Outlet retail stores
Participate in the development and implementing of the Strategic Plans, Goals and Objectives of Grocery Outlet Inc.
Perform other duties as assigned