Five Below

Five Below is a store with unlimited possibilities where tweens, teens and beyond are free to Let Go & Have Fun!

Real Estate Manager

ManagerManagerFull TimeRemoteTeam 10,001+Since 2002H1B SponsorCompany SiteLinkedIn

Location

Texas

Posted

37 days ago

Salary

Not specified

Bachelor Degree3 yrs expEnglish

Job Description

• Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory • Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan • Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle • Responsible for site selection of new store locations and existing store repositioning opportunities • Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans • Manage/Mentor RE Coordinator partner - incorporating personal development plans, goal planning & promote exposure opportunities • Conduct field tours with key stakeholders of potential and existing locations • Work closely with legal counsel on all lease negotiations in assigned territory • Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning • Preparation of 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 • Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory • Frequent travel to/within assigned territory 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 • Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories • Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners • Attend/represent Five Below at select Regional & National ICSC Conventions

Job Requirements

  • Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
  • 3+ years of experience in retail real estate field is required
  • 2+ years previous experience in market planning, site selection & deal negotiation
  • Must have working knowledge of regional retail markets, shopping centers & major developers
  • Experience managing third party service providers, including master brokers, local market brokers and outside legal counsel
  • Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
  • Strong negotiation and transaction management skills
  • Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
  • Ability to recall information easily
  • Self-motivated with critical attention to detail and deadlines
  • Strong understanding of real estate practices and related legal principles.

Benefits

  • Explore our benefits site to discover all the perks and support we offer!
  • From health coverage to financial and personal wellness, we've got you covered—check it out today!

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