About this Opportunity:We are seeking a
General Manager to join our regional office located in Arlington, VA. The General Manager will be responsible for maximization of NOI and management of property operations, maintenance, and events for the Market Common Clarendon shopping center, as well as other future assigned high-profile assets. Market Common Clarendon is a one-of-a-kind retail and entertainment destination, located within the heart of Arlington, VA. Market Common Clarendon comprises a total of over 295,000 square feet of retail space, a 97,000 square foot office building, and 2 large parking garages containing approximately 35 active tenants spread over 4 city blocks. This position will be based out of our office located in the Market Common Clarendon shopping center.
What You'll Be Doing:- Execute strategic business plan for assigned asset(s). This individual will manage all aspects of identified high profile asset(s) to include:
- Use expertise to drive decisions with regard to fiscal and physical performance of the assigned asset(s) (i.e. Reduce open A/R balance, increase income, grow rents, manage operating expenses, analyze troubled tenants and make recommendations, and prepare budgets, monthly and annual financial reports) in accordance with NOI objectives.
- Establishing meaningful relationships with, and understanding the business, of all our merchants and restaurants by gathering and analyzing information from such to maximize the sales productivity of the property.
- Increasing the velocity, volume and quality (e.g. matching consumers with merchants and driving sales) of consumer traffic to the property. This includes enhancing the consumer experience and promoting repeat traffic.
- Maximize property cash flow by managing CAM and operating costs, identifying and implementing cost saving programs, and, where appropriate, identifying and executing value added opportunities.
- Oversee the day-to-day functioning of the residential rental component through a third-party real estate management company where applicable in a class A manner.
- Responsible for properties' physical plant (i.e. Property inspections, bidding contracts, signage approval, make improvements through capital expenditures, ensure safety of center).
- Oversee tenant improvements to ensure in accordance with lease, building standards and local code requirements.
- Manage capital expenditure projects in collaboration with construction and/or tenant improvement team.
- Collaborate with development and construction team on development / redevelopment projects on assigned asset(s).
- Manage and develop special assets team to ensure that production goals, accuracy and customer service is optimal for assigned properties.
- Establish relationships with the local community (residents, community groups, politicians, businesses, etc.) to advance the strategic plan. (i.e. Address and follow up on tenant complaints, understanding of tenants business, active participation in community/HOA meetings & events)
- Develop and implement marketing plan for assigned asset(s) and oversee marketing events to enhance consumer experience and drive traffic to the center(s). Work on special projects/ongoing initiatives according to current needs.
- Secure and drive new as well as renewal ancillary income & sponsorship opportunities to maximize value and merchandising for the asset according to plan. Collaborate with leasing team on tenant selection, lease renewals
Are You Qualified?- Bachelor's degree in Real Estate, Business Administration, Finance, Accounting, Marketing or related field
- Real estate license preferred
- Member of ICSC and regularly attends local events preferred
- 5-8 (years property management experience, to include supervisory experience
- Retail Property management experience, including management of Mixed-Use developments (multi-family, office, medical)
- Experience with social media and event management
- Quantitative and analytical skills
- Knowledge of GAAP, leasing, contracts and industry-related terminology
- Intermediate level proficiency with current Microsoft Office software, email and internet research functionality
- Strong written and verbal communication skills
- Working knowledge of JD Edwards or other accounting software preferred
* Regency Centers will not sponsor employment-based immigration petitions or applications for this position, including but not limited to H-1B, TN visa, or permanent residency.
Personal Traits We Value:- Sales and negotiation skills
- Leadership skills (planning, informing, hiring and staffing, motivating and developing direct reports)
- Customer focus, interpersonal savvy, oral and written communication skills
- Priority setting, decisiveness, time-management skills and ability to work in team environment
- Trust and integrity
- Manages change with a strong capacity to adapt quickly to any learning situation
Benefits: Our compensation and benefits package is very competitive and includes the following benefits and more. For additional information visit www.regencycenters.com/careers.
Work/Life Balance
- 23+ PTO days annually
- 11 paid holidays (in addition to PTO)
- Paid leave programs (parental, compassion, bereavement, jury duty, and military)
- Health Advocacy + Employee Assistance Program (EAP)
Financial Security
- 401(k) with a generous company match plus corporate profit sharing
- Anniversary stock grant awards
- Health Savings Account (HSA), Health Care FSA, and Dependent Care FSA
- 100% company paid Life Insurance/AD&D and Disability Insurance
- Voluntary benefits (supplemental life/AD&D, critical illness, accident, hospital indemnity, and identity theft)
- Student loan repayment resources
Health and Wellness
- Medical, Dental and Vision Insurance
- Award winning and incentives-based wellbeing program through Personify Health
- Family planning, mental health, and pain management programs
Community Focused
- 52 hours per year of paid Volunteer Time Off
- Company gift matching
Growth and Development
- Tuition reimbursement
- Continued education opportunities
- LinkedIn Learning premium subscription
- Professional membership support
- Employee Resource Groups
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