Proven track record in negotiating leases with national retailers
Deep understanding of the retail leasing process
Proficient in Microsoft Office Suite
Willingness to travel frequently as required
Responsibilities
Develop and execute leasing strategy for assigned properties
Identify market trends to inform leasing decisions
Build and maintain relationships with tenants and brokers
Negotiate LOIs and lease terms for properties
Partner with Legal to ensure timely lease execution
Manage internal Leasing Representatives and outside brokers
Conduct quarterly property visits to evaluate market changes
Benefits
Collaborative work environment
Opportunities for professional development
Involvement in strategic decision-making
Access to a diverse portfolio of properties
Strong support from internal departments
Full Job Description
About the Role:
The VP of Leasing is responsible for overseeing and executing a strategic leasing plan for a portfolio of properties.
Responsibilities:
Develop and execute leasing strategy for assigned properties in DLC's portfolio
Identify market trends and use data to inform leasing decisions
Build and maintain strong relationships with tenants, including local tenants and national retailers, brokers, and internal teammates within all disciplines
Negotiate LOI's and lease terms for deals within assigned properties
Partner with Legal department to ensure leases are drafted properly and executed timely
Submit LPA's in CRM for each fully negotiated LOI at properties
Review/approve LPA's for renewal/new deals submitted by Renewal Manager/internal Leasing Reps
Manage and provide direction to internal Leasing Representatives and outside brokers on active and potential deals
Conduct quarterly property visits/market tours with brokers/internal Leasing Reps to evaluate changes in the market and talk through strategy on lease-up of every vacancy
Develop and manage property-level annual leasing budgets that align with overall property strategy/business plan
Review and analyze data and leasing market trends to optimize pricing strategies and lease structure
Attend weekly property acquisition calls to provide updates on Leasing activity
Conduct on-site and phone interviews with national retailers for tenant interviews during the due diligence process for acquisitions
Participate in monthly calls with JV Partners to walk through leasing pipeline
Conduct monthly renewals call with Renewal Manager, Head of Leasing and other VP's of Leasing to coordinate upcoming action plan
Coordinate with Property Management on resolving active issues to ensure assets are functioning in a first-class manner
Coordinate with Property Management on GWO deals and inform them on timing of deal completion to begin their work
Collaborate and coordinate with internal departments during acquisition process and when tenants are vacating a space
Soft Skills/Behaviors:
Ability to motivate the team to deliver results
Ability to succeed in a fast-paced environment
Strong interpersonal skills with the ability to build relationships at all levels and within all disciplines internally and externally
Strong communication skills, both oral and written
A forward-thinking, entrepreneurial mindset that seeks to solve challenges
Strong sense of urgency and desire to consistently outperform
High degree of professionalism, integrity, and strong work ethic
Technical Skills:
5-10 years of Leasing experience
Extensive knowledge of retail leasing process, LOI and Lease terminology
An excellent track record of successfully negotiating leases with national retailers
A deep understanding of the entire retail leasing process
Proficient in Microsoft Office Suite
Ability to travel frequently, as required
The expected base salary range for this position is between $175,000 and $200,000 (plus variable compensation including commission and bonus). The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.
