Senior Real Estate Manager

Job Summary

Provide overall managerial oversight for all company operated NAPA real estate expansion strategy (stores and supply chain network).

• Oversees execution of NAPA growth strategy.
• Manages strategic development of new locations and relocations, including site selections and lease negotiations for NAPA stores
• Provides oversight of execution of the Supply Chain expansion strategy, including temporary annex solutions.

Responsibilities

• Lead tactical functions of the Real Estate team, including transactional functions that aligns with market penetration goals.
• Manages in-house and outsourced resources.
• Manage the implementation of standard processes for portfolio management for all existing company NAPA locations where efficiencies and synergies are utilized.
• Develop and maintain cohesive communication and excellent working relationships with real estate brokers, developers, owners, landlords, attorneys, architects, real estate representatives of other retail tenants and local government officials (i.e. city council members, planning commissioners, city planners, city managers).
• Operate as knowledge expert to mentor and instruct Real Estate Development team members and colleagues on real estate transactions best practices to assist in the achievement of business goals and corporate strategies.
• Negotiate lease agreements with landlords for greenfield/relocations including negotiations for leasehold improvements.
• Partners with field management to explain revised lease terms
• Explains real estate and lease circumstances to field managers as needed including lease interpretation as questions arise.
• Ensure the flow and maintenance of data for new store site approval packages, including financial and site-specific data related to trade areas.
• Prepares documents including Letters of Intent, Leases/Amendments, Proformas, Purchase/Sale Agreements
• Estimates property value by researching and analyzing property information for market comps, acquisitions, and financial audits.
• Monitor store and multi-regional performance including market share, occupancy cost and cannibalization.
• Track and maintain knowledge of industry and competitor trends, strategies, and approaches.
• Conducts ad hoc analysis quickly with high degree of accuracy.
• Performs other real estate tasks as directed.

Qualifications

• Bachelor’s degree or equivalent work experience required.
• 10+ years previous experience in commercial and/or retail real estate environment.
• Understands key finance principals including capital budgeting, internal rate of return, cash flow analysis, etc.
• Experience managing multiple project teams.
• Must have ability to interpret commercial lease language and understand other real estate documents.
• Must possess strong communication skills and the ability to present complex and details analysis.
• Possesses strong communication skills and ability to collaborate under time constraints to effectively interface with managers, colleagues and direct reports and all external relationships.
• Demonstrated customer service and negotiation skills.
• Proficient with Microsoft Suite including Word, Outlook, and Excel.
• Previous experience with real estate databases strongly preferred.
• Work is performed in a typical office environment.

Physical Demands / Working Environment

• Work performed in a typical office environment.
• Ability to travel as needed

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