Senior Real Estate Manager
Bentonville, Arkansas, United States
Managed a portfolio of Walmart stores which included the following responsibilities:•Negotiated lease agreements, renewals, extensions, terminations, and rent reduction packages; identified opportunities for new deal terms; presented deals to key internal stakeholders including C-suite executives.•Led new store projects to further Walmart's retail expansion which included site selection, negotiation of deal terms, financial modeling, developing budgets, forecasting capital expenses, committee approval, and supervising project management decisions. •Coordinated with brokers, outside legal counsel, engineers, and financial consultants.•Handled excess property sales and leases including outlots, carveouts, and ground leases.•Negotiated subleases, terminations, ROFRS, and purchase options, analyzed and negotiated land-use restrictions (ECRS, REAS), and approved store uses to contribute to income generation.•Conducted site visits; participated in contract negotiations with prospective business partners and third parties; secures approvals for property management recommendations.•Generated revenue through real estate negotiations with third parties; reviewed capital expenditure decisions; resolved lease expiration and zoning issues.•Developed strategies for maximizing the value of Walmart real estate by providing recommendations on the financial benefit of purchasing leased properties for onsite relocation or expansion.