Five Below

Real Estate Manager, Texas

Five Below$80K — $95K *
US-AnywhereRemote in Austin, TX
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s or Master’s Degree in Business Administration or related field preferred.
  • 3+ years in retail real estate required.
  • 2+ years in market planning, site selection, and deal negotiation experience needed.
  • In-depth knowledge of regional retail markets and major developers necessary.
  • Proven experience managing third-party service providers and real estate professionals.
  • Exceptional communication, analytical, and problem-solving abilities required.
  • Strong negotiation skills and transaction management experience essential.

Responsibilities

  • Execute strategic real estate market plans throughout the real estate lifecycle.
  • Collaborate with broker teams and analysts to refine market strategies.
  • Oversee construction, design, finance, and asset management for successful store launches.
  • Select new store locations and manage existing store repositioning.
  • Lead local real estate broker teams to meet growth targets.
  • Mentor RE Coordinator, focusing on personal development and exposure opportunities.
  • Conduct tours of prospective locations with stakeholders.

Benefits

  • Health coverage including financial and personal wellness support.
  • Various additional perks and support detailed on the benefits site.
  • Opportunities for professional development and mentorship.
Full Job Description

LOCATION: Candidates must be based in Texas with experience in this market.

RESPONSIBILITIES:
• 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
QUALIFICATIONS:
• 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 with particular
• 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

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!

About Five Below

Five Below is a discount store chain that sells products that cost up to $5. The company was founded in 2002 by David Schlessinger and Tom Vellios. The company's target market is teenagers and pre-teens, but it also has products for adults. The company has over 1,000 stores in 38 states. The company's revenue has been steadily increasing over the years, and it has been expanding its store count. The company went public in 2012.
Learn more about Five Below
Size
6,100 employees
Market Cap
$9.6 billion
Industry
Net Income
$109.8 million
Founded
2002
5 Year Trend
+23.3%
Revenue
$1.7 billion
NASDAQ

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