Director, Leasing- Retail

Location

The selected candidate may be based out of either our Vancouver or Edmonton regional office.

Where You'll Add Value

The Director, Leasing is accountable to Vice President, Retail Leasing for all leasing activities for a portfolio of retail properties or (a) large super-regional retail center(s) that are meant to ensure that the property's value is optimized by a combination of consistently high occupancy rates both in short- and long-term and an effective tenant mix.

How You'll Make a Difference

1. Merchandising Plan and Leasing Strategy
Develops and implements the Merchandising Plan and the Leasing Strategy for the assigned portfolio to ensure continuous improvement effort to optimize and to build on the market strengths of each property to increase their value.

2. Tenant Prospecting
Prospects for new regional tenants for the property by researching relevant markets, analyzing potential tenants, responding to leasing inquiries, proactively marketing the property to target groups and constantly learning about the physical asset to ensure that its marketing positively highlights advantages of the property, to ensure a steady flow of potential tenants to the property to achieve budgeted occupancy rates.

3. Comprehensive Property Management Expertise
Maintains solid knowledge of basic building construction, pertinent building and fire codes and by-laws, building services and property management processes and principles to ensure advantages of the asset are leveraged to attract prospective tenants.

4. Leasing Deals
Prepares, negotiates and coordinates from conception to execution various types of leasing deals for the property, incl. new, renewals and extensions, expansions, relocations, subleases, assignments etc. by actively working and maintaining positive relationships with tenants and real estate brokers to ensure that existing vacant space is leased while potential risks are mitigated and the value of the property is positively affected.

5. Leasing Analysis and Reporting
Performs various analysis and reporting pertaining to leasing activities of their assigned portfolio incl. financial analysis and modeling of proposed deals, collection and analysis of market rent data, leasing activity reporting, leasing costs and fees reporting, budget variance analysis, tenant credit information reporting, etc. to ensure that the leasing plan for the property is executed to budget and all potential leasing risks are identified and mitigated.

6. Budgeting and Reforecasting
Participates in property budgeting and reforecasting for leasing costs, leasing fees and tenant rental revenue in accordance with the existing accounting calendar to ensure that the current budget reflects the best possible estimate of the occupancy status and on-going leasing activity.

7. Relationships within Real Estate Industry
Actively networks in the real estate industry to maintain an up-to-date knowledge of market trends, best practices, market conditions, new market opportunities and methodology, as well as competitor activity, to develop and maintain positive relationships with various parties within the industry.

Any other job related duties and/or projects that may be assigned.

The Expertise You'll Bring

• Bachelor's Degree in Business, Commerce, Urban Economics or Real Estate or equivalent experience
• Minimum 10 years of leasing experience in retail industry dealing with regional or super-regional portfolio of centre
• Solid knowledge of financial analysis and modeling
• Knowledge of credit analysis and risk assessment
• Current Commercial Real Estate License
• Solid understanding of a commercial lease
• Good knowledge of MS Office applications.

Core Competencies

• Excellent interpersonal skills and an outgoing personality
• Excellent written and verbal communication skills
• Negotiation skills
• Business development skills
• Driven and passionate to close a deal
• Multi-tasking.

Preferred Qualifications and Experience

• Independent creative thinking is an asset.

Why You'll Love Working at Morguard
At Morguard, we're committed to creating an environment where our people can thrive. Here's what you can expect when you join our team:

• A collaborative, inclusive workplace culture that prioritizes employee wellbeing and safety.
• Meaningful opportunities for professional growth and development.
• Exposure to a diverse portfolio of real estate assets across North America.
• A competitive compensation and benefits package designed to support you and your family.
• Support for work-life balance, along with accessible employment practices that meet AODA requirements.

Annualized Base Salary Range: $130,000-$160,000 CAD.

Pay Equity

The salary range listed for this position reflects the anticipated compensation at the time of posting. Actual compensation offered may vary and will be determined by factors including, but not limited to, experience, education, skills, certifications, internal pay equity and business needs.

Locations Rice Howard Place- 10060 Jasper Ave NW, Edmonton AB T5J 3R8, Canada, Vancouver Regional Office-969 Robson St #320, Vancouver, BC V6Z 1X7 Employment type Full-time