Anthony Carosello Email and Phone Number
Tony Carosello joined LOCATION. Commercial Real Estate as Managing Director of the firm’s Ohio office. Tony is a seasoned retail executive with more than 23 years of Real Estate and Finance experience in the industry, holding positions of increased responsibility and leading growth initiatives in multiple retail chains. At LOCATION., Tony will spearhead the firm’s expansion efforts, focusing on tenant representation, landlord representation, business development, and sourcing brokerage and advisory opportunities.Carosello began his career in Finance at JOANN in 2000. Over the following five years, he held roles in Financial and Strategic Planning, and Real Estate Analysis, before transitioning to the Real Estate team in 2005. Over the years, Carosello held multiple roles within the department culminating in his promotion to Vice President of Real Estate in 2014. In 2016, Carosello joined Shoe Carnival, spearheading their national expansion. During his tenure, he was instrumental in executing the company’s new store growth and aggressive remodel programs, as well as implementing internal processes. In June 2021, Carosello rejoined JOANN as Vice President of Real Estate to lead their relocation and store optimization strategy, as well as their lease restructure program.Tony is a graduate of John Carroll University in Cleveland, OH where he earned his BSBA with a major in Finance and has an MBA from Cleveland State University with a concentration in Accounting. Outside of his professional life, he enjoys spending time with his wife Michele and their three children.Contact Information:Tony CaroselloManaging Director | Commercial Real Estate BrokerLOCATION. Commercial Real Estate614.401.8110anthony@locationcre.comlocationcre.comCompany Description:LOCATION. Commercial Real Estate (LCRE) is a leading firm specializing in retail commercial real estate solutions. With offices in St. Louis, Missouri, and Columbus, Ohio, LCRE provides comprehensive services nationwide.
Location. Commercial Real Estate
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Managing DirectorLocation. Commercial Real Estate Jan 2024 - PresentSt Louis, Missouri, Us
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Vice President Of Real EstateJoann Stores Jun 2021 - Jan 2024Hudson, Oh, Us -
Vice President Of Real EstateShoe Carnival, Inc. Jan 2020 - Jun 2021Evansville, In, UsResponsible for real estate strategy and growth, process improvement and asset management. Direct reports include Senior Legal Counsel, Manager of Lease Administration and Real Estate Analyst. -
Assistant Vice President, Real Estate And Lease AdministrationShoe Carnival, Inc. Mar 2016 - Jan 2020Evansville, In, UsResponsible for new store growth and asset management of 383 stores. Direct reports include Manager of Lease Administration and Real Estate Analyst.
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Vice President Of Real EstateJo-Ann Stores, Llc. Jan 2014 - Feb 2016Hudson, Oh, UsResponsible for real estate strategy, tactics and execution for growth and asset management of 851 stores. Direct reports at various times included two Real Estate Directors, Manager of Real Estate, Manager of Lease Administration, Senior Real Estate Analyst and Administrative Assistant.• Revamped the Real Estate Strategy with approval of interim CEO and Board of Directors to adapt to changes in the competitive landscape, modified financial return expectations and changes in the commercial real estate environment. • Oversaw the opening of 57 new stores and 3 downsizes.• Led Real Estate team in achieving substantial capital and expense savings within existing store asset management.• Developed new guidelines with Finance and Store Development to improve the existing store remodel program to reduce capital costs and ensure projects met company financial return requirements.• Re-staffed and restructured department in response to business trends and needs.
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Director Of Real Estate OperationsJo-Ann Stores, Llc. Nov 2011 - Jan 2014Hudson, Oh, UsLed Lease Administration team and Senior Real Estate Analyst, while also being responsible for new site acquisition and asset management (235 stores) in 14 state territory.• Restructured the Lease Administration team to improve efficiency and accountability across the organization.• Partnered with the SVP of Real Estate to restructure the Real Estate Committee process to increase accountability, reduce inefficiencies, increase transparency, and improve audit trail.• Negotiated approval for 50 new stores and 6 downsizes.• Re-negotiated 75 existing store leases and 1 sublease agreement for a combined lifetime savings of $14.6 million.• Graduate of the Jo-Ann Leadership Academy and member of the company Mentor Program.
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Director Of Real EstateJo-Ann Stores, Llc. May 2009 - Nov 2011Hudson, Oh, UsResponsible for new site acquisition and asset management (248 stores) in 19 state territory. Led the Senior Real Estate Analyst in ongoing modifications and updating of company’s Real Estate Strategy. • Led Senior Real Estate Analyst in the identification of strategic targets for relocations, downsize and remodel programs. • Oversaw development of ongoing strategic analysis relating to Real Estate expansion, existing store performance, competitive changes, competitor acquisitions and asset management. • Negotiated approval for 25 new stores and 4 downsizes.• Re-negotiated 56 existing store leases and 1 sublease agreement for a combined lifetime savings of $4.2 million.
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Manager Of Real EstateJo-Ann Stores, Llc. Sep 2005 - May 2009Hudson, Oh, UsResponsible for new site acquisition and asset management (248 stores) in 19 state territory. • Partnered with the VP Real Estate to lead the analysis behind the transformation of company’s Real Estate Strategy from a 35,000 sq. ft. metropolitan market concept to a multiple size format strategy, designed to enter various market sizes across the country. • Negotiated approval for 16 new stores. • Re-negotiated 113 existing store leases and 9 sublease agreements for a combined lifetime savings of $9.9 million.• Developed multiple Real Estate reporting systems and databases used to track existing asset management and new store site acquisition. • Partnered with Store Development, Finance, Legal and existing Real Estate Directors to streamline the pre and post Real Estate Committee Approval process, eliminating inefficiencies and cutting Lease execution process to 90 days.
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Supervisor, Financial Planning And Real Estate AnalysisJo-Ann Stores, Llc. Feb 2004 - Sep 2005Hudson, Oh, UsWorked with key leadership coordinating annual planning process and preparing summary financial plans. Provided complete analytical support to the VP Real Estate. Prepared presentations for Executive Committee review. Supervised team consisting of Senior Financial Analyst and two Financial Analysts.• Led financial analysis function including real estate market strategy, proforma modeling, IRR analysis, semi-annual store financial performance review, sales forecasting using customized software (PBS), and various strategic review / modeling. Attended bi-weekly real estate meetings and provided recommendations on expected financial performance of proposed locations.• Partnered with Vice President of Real Estate to develop market strategy model for fill-in and emerging markets through the use of Thompson model and external studies.• Implemented site selection software, including sales modeling for new stores. Provided data to vendor, tested validity of the delivered system and developed processes and procedures for the team.• Continuously provided ad hoc reporting to support lease buyout analysis, underperforming store closings and store cannibalization impacts. • Developed strategic planning model used by the Controller, CFO & CEO to guide strategic planning decisions.• Coordinated the annual planning process working with OMG members and prepared summary financial plans for Executive Committee review and approval.
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Multiple Finance RolesJo-Ann Stores, Llc. Jul 2000 - Feb 2004Hudson, Oh, UsMultiple roles in Finance ranging from Financial Analyst, Financial Analyst II and Senior Financial Analyst.
Anthony Carosello Education Details
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Cleveland State UniversityAccounting -
John Carroll UniversityFinance
Frequently Asked Questions about Anthony Carosello
What company does Anthony Carosello work for?
Anthony Carosello works for Location. Commercial Real Estate
What is Anthony Carosello's role at the current company?
Anthony Carosello's current role is Managing Director | Retail Leasing and Sales | Specializing in Landlord and Tenant Representation at LOCATION. Commercial Real Estate.
What schools did Anthony Carosello attend?
Anthony Carosello attended Cleveland State University, John Carroll University.
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