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
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