Director of Commercial LeasingLocation: Red Bank, NJ (On-site)
Reports to: SVP, Head of Asset Management
Status: Full-time, Exempt
Compensation: $150,000 to $185,000 annual salary + bonus
SummaryThe Director of Commercial Leasing will oversee and drive all aspects of the leasing performance of a 5+million square foot and growing national portfolio of commercial (primarily shallow-bay industrial) assets for a leading, vertically integrated Real Estate Investment Management and Operating firm.
Essential Functions- Develop and execute portfolio-wide leasing strategies aligned with investment objectives and business plans
- Drive the performance of leasing brokers to maximize performance, occupancy and revenue.
- Lead all aspects of commercial leasing activity across industrial, retail, office and/or mixed-use assets, including new leasing, renewals, and expansions.
- Develop and implement marketing and pricing strategies to achieve occupancy and leasing business plan targets.
- Source, cultivate, and maintain relationships with prospective tenants, tenant representatives, brokers, and strategic market participants.
- Coordinate with asset and property management and construction teams regarding tenant improvements, space planning, and project delivery timelines.
- Negotiate letters of intent (LOIs), lease agreements, amendments, renewals, and related transaction documentation.
- Work closely with legal counsel and internal stakeholders to ensure timely and accurate lease execution.
- Recommend leasing/revenue assumptions for annual budgeting and regular reforecasting exercises; and assist acquisitions and asset management teams in developing revenue underwriting assumptions for new acquisitions.
- Provide clear and institutional quality reporting to internal and external stakeholders highlighting asset and portfolio-level leasing performance, risks, market data, benchmarking etc.
- Analyze market trends, supply and demand dynamics, competitive properties, rental rate trends, and tenant activity to inform strategic decisions.
- Identify process improvements to increase efficiency and accuracy.
- Analyze and monitor leasing pipeline and proactively identify opportunities to improve occupancy, tenant mix, and revenue growth.
Qualifications- Bachelor's degree in Real Estate, Finance, Business Administration, Economics, or related field; advanced degree preferred.
- 8+ years of experience in commercial leasing or brokerage
- Demonstrated experience leading complex lease negotiations and executing high-value commercial transactions.
- Strong understanding of commercial lease structures, financial modeling, valuation concepts, and real estate investment fundamentals.
- High attention to detail and strong organizational skills
- Excellent written and verbal communication skills
- Experience working within a fully integrated real estate platform strongly preferred.
- Proficiency in Microsoft Office (Excel required)
- Experience with Yardi and VTS preferred
What We Offer- Competitive salary and bonus potential
- Comprehensive benefits package including medical, dental, and vision insurance
- 401(k) with employer match
- Paid vacation, sick time and company holidays
- Creative and collaborative culture
Pay Range: $150,000 - $185,000 per year
