Job Description
Job Description
POSITION SUMMARY :
Responsible for representing Fielmann USA in strategic real estate decisions and transactions across all company banners. Identify and evaluate opportunities within strategic areas for new store locations, store expansions, and relocations. Lead negotiations with landlords for Letter of Intent (LOI), leases and delivery timing.
DUTIES AND RESPONSIBILITIES :
IDENTIFY SITES FOR NEW STORES & MARKET EXPANSION
- Develop comprehensive strategic real estate development plans
- Initiate and complete real estate transactions associated with new stores, relocations, expansions, and lease term amendments
- Research designated markets to determine fit with market criteria and identify potential locations
- Conduct market and site analysis
- Use real estate analytics tool to conduct market research for specific store locations
- Conduct, coordinate and arrange market and site-specific due diligence
- Negotiate Letters of Intent (LOI) and leases for specific locations with counsel
LEAD SITE APPROVAL PROCESS
Prepare and present retail and competitive data to support proposed market locations to be presented to Real Estate Committee. This includes information such as aerials, community profiles, major employers, unemployment data, demographic reports, sales projections, etc.Assist with development of sales projections and financial pro forma analysisCoordinate market and site visits for Senior Leadership team approvalSECURE / AQUIRE SITES
Build and maintain strong partnerships with large brokerage and landlord networks to procure optimal new store locationsPrepare high quality strategic real estate approval packages using PowerPoint and real estate analytical tool Site SeerNegotiate with brokers and landlords on price, rents, and terms to secure prime real estate at a competitive priceNegotiate leases, renewals, amendments, etc. with legal counsel and landlordsWork closely with Store Development and Construction on store layouts and delivery of conditions of spaceMeet with local government officials when necessary, regarding zoning, permits, incentive financing and represent Fielmann USA at public hearingsRELATED ACTIVITIES
Partner closely with store planning and design team and construction manager to obtain timely governmental approvals, meet opening delivery dates, and coordinate with landlords when neededAssist with analysis of real estate aspects of potential merger / acquisition targetsRepresent Fielmann USA at meetings, conferences, and conventionsMINIMUM KNOWLEDGE, EXPERIENCE & SKILLS REQUIREMENTS :
Bachelor’s Degree in relevant business field or equivalent work experience; MBA preferred3 - 5 years’ experience in commercial real estate with acquisitions and real estate negotiations1 - 3 years’ supervisory / management experienceExperience with new store roll-out strategies desiredExperience with Site Seer real estate analytics tool desiredExperience in detailed market / site analysis and financial analysis of real estate investmentsStrong understanding of Midwest markets a plusDemonstrated comprehension of real estate deal financials, pro forma financial model for new stores, and critical analytical framework to make effective real estate decisionsCorporate office real estate transactional experience a plusFamiliarity with store design, construction and engineering documents and processesKnowledge of State, Federal and Local government rules and regulations related to commercial real estateExceptional analytical, problem solving and decision-making skillsStrong planning and organizational skillsDemonstrated ability to act decisively and facilitate and implement ideas and solutionsStrong verbal and written communication skillsProficiency in Microsoft Office Suite of programsESSENTIAL FUNCTIONS & WORK REQUIREMENTS :
Ability to effectively communicate at all levels within the organization through written and two-way verbal communicationAble to sit or stand for extended periods of timeAble to operate various office equipment (e.g., personal computer, telephone, fax machine, copier, etc.)Able to read and write at a high school graduate levelAble to lift 10 to 20 poundsAble to work normal and / or extended (evenings, nights, and weekends) office hours to meet established deadlinesAble to travel independently to support Company objectives and personal developmentAble to travel extensively (auto, airline, overnight, etc.)These statements are intended to describe the general nature and level of work performed by teammates assigned to this job classification. They are not intended to be an exhaustive list of all responsibilities, duties and skills required.