Real Estate Manager
Menomonee Falls, Wisconsin, Us
Solely managed new store development and asset management projects for the central United States including the Midwest, Great Plains, Texas, Louisiana and Hawaii (17 states total). Responsible for all stages of the development process from inception to store opening. Identify and evaluate real estate parcels within potential/existing trade areas and make assessments as to the cost, functionality, feasibility and project timing. Working knowledge of the existing store portfolio and utilizes and maintains relationships internally and externally to provide optimum leverage and negotiating outcomes. Liaison between brokers, landlords, developers, internal partners, retailers and municipalities for letter of intent (LOI) negotiations, legal documentation and approval requests.New Store Development•Collaborate with Market Research and Finance to analyze and identify feasible future markets•Negotiate the terms of new store transactions in order to obtain the lowest possible overall occupancy cost •Present at Real Estate Executive Committee and complete approval packages, presentation notes, rent analysis, demographics analysis, and Google Earth presentations•Partner with Legal and Lease Administration in the negotiation, preparation and execution of the documents necessary to consummate the transaction ensuring the final deal is consistent with what was approved •Manage and coordinate project delivery dates between internal and external partners for 9 new store openings for 2013 and 2014Asset Management•Negotiate with existing landlords for rent reductions, additional lease term and cash contributions•Successfully renegotiated 18 existing store leases and extended term to produce $3,000,000 in landlord cash contributions and $5,500,000 in NPV rent savings •Successfully identified retailers for excess property and negotiated sale of two expansion spaces and two outparcels for a total of $2,601,000
