Job Description
Oversee execution of enterprise's brick & mortar capital strategy to deliver ROIC over time, including major projects, within wall remodels, fuel centers, and Kroger Pickup. Lead real estate asset management efforts across multiple divisions, including network evaluation, lease restructuring, expense reduction and new 1045 property management opportunities.
Responsibilities
- Partner with division leadership in the creation and execution of brick & mortar network strategy, including new stores, relocations, expansions, operational closures and divestitures
- Prioritize projects through prioritization matrix for the company; negotiate the best possible deals at the best available locations through proficient and aggressive negotiating
- Manage team of 3rd party consultants/brokers within defined territories; ensure the highest degree of market intelligence, execution, integrity and accountability with consultants/brokers and include them in strategic planning meetings with leadership
- Partner with the Real Estate Finance & Strategy department to evaluate leased stores within a defined geographic area for opportunities to restructure leases, in some cases offering extended term in exchange for meaningful financial benefits
- Negotiate/manage 3rd party consultants to negotiate the best possible lease restructuring transactions through proficient and aggressive negotiating
- Evaluate landlord common area maintenance costs to ensure best pricing, and negotiate ways to reduce maintenance costs to industry standards
- Partner with all 1045 stakeholders in evaluating opportunities to drive 3rd party business to 1045, including 3rd party property management and other fee-based opportunities
- Ensure good communications and efficient productivity in the completion of construction and maintenance of stores by working closely with Regional Facility Engineers
- Partner with divisions to submit capital projects to Capital Committee, including accurate financial analyses and ancillary written supporting documentation required for submittal
- Partner with Shared Services and 1045 to ensure division leadership and stores receive professional levels of back-office support, including property management, expense collection, maintenance, 3rd party approvals, etc.
- Train, lead, and direct the work of internal/external resources in numerous areas of expertise and with significant span of control
- Must be able to perform the essential job functions of this position with or without reasonable accommodation
Qualifications
Minimum
- Bachelor's Degree business or real estate
- 7+ years of experience in commercial/retail property management, real estate leases, accounting, contractual obligations and legal liabilities, and sales experience; or equivalent combination of education and experience
- Proficient with standard business software
- Demonstrated ability to maintain confidentiality and protect sensitive information
- Ability to prioritize/multi-task while providing accurate/on-time results
- Strong attention to detail
- Excellent oral/written communication skills
- Ability to develop others
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
- Ability to effectively present information and respond to questions
- Ability to write reports, business correspondence, and procedure manuals
- Ability to read/interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Desired
- 7+ years of experience in real estate with another retailer or real estate development company, including in property management
