James Race Email and Phone Number
I grow retail brands by finding and negotiating the best real estate deals across the country. I saved my current company $43M in construction, development, and operating costs. My goal is to apply my pipeline and team building strategies and nationwide network to develop premier locations.CAREER HIGHLIGHTS INCLUDE:* I have saved current company $43M+ in capital costs through my deal negotiation skills* Spearheaded development of 8 food hall locations nationwide, with projected gross sales of $2.08B and EBITDA of $165M over 20 years * Negotiated and closed six zero-cost management agreements, percent-rent, and minimal cost lease-structured arrangements, saving the food hall company $33M in capital costsCORE COMPETENCIESBusiness Development | Lease and Management Agreement | Negotiation | Sales Planning | Forecasting | Design Oversight | Construction Management Oversight | Leadership | Team Building | Tenant Negotiation | Tenant Curating | Financial Analysis | Proformas | Cost Control | Budgeting | Market Trend Assessment | Location Analysis | Nationwide Network of Landlords, Developers and BrokersLet's connect!James Racejames@jamesrace.co
Urbanspace
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Vice President Real EstateUrbanspace Jan 2019 - PresentNew York, Ny, Us* Spearheaded development of 8 food hall locations nationwide, with projected gross sales of $2.08B and EBITDA of $165M over 20 years* Negotiated partnerships with 10+ developers, driving a 30% development inquiry increase* Directed real estate team to exceed expansion goals by 20%, acquiring prime urban locations according to a strategic five-year plan* Executed deals for 13 food hall locations, delivering an average ROI on leases of 35% and 650% on management agreements within the first year* Led pre-construction budget, design and operational processes and provided construction management oversight to 18 projects, reducing costs by 12% through value engineering* Managed network of nationwide developers and brokers, resulting in best-in-class locations in the top 10 major US markets* Negotiated and closed six zero-cost management agreements, percent-rent, and minimal cost lease-structured arrangements, saving the food hall company $33M in capital costs* Transferred all costs of build-out, startup, and operating budget for two upcoming food halls to landlords' balance sheets, reducing company's capital expenditure by $10M -
Vice PresidentBcd (Acquired By Ripco) May 2014 - Dec 2018New York, New York, Us* Established and managed a national brokerage unit, resulting in the execution of 60+ leases across key markets including New York, DC, Chicago, Miami, and Boston, achieving a 30% increase in client portfolio* Expanded company into new markets, personally approving new locations and securing compelling sites through regular engagements with developers, landlords, and REITs* Directed strategy and operations of a national brokerage unit, fostering an entrepreneurial culture and facilitating concept expansions for exclusive clients, driving a 25% increase in annual revenue* Designed, managed, negotiated, and leased all retail real estate functions, leading to successful brand expansion on the local, regional, and national levels for food and beverage brands* Managed client expectations and executed brokerage commission agreements, resulting in a 20% increase in lease execution efficiency -
Executive Director Of Real EstateBcd (Acquired By Ripco) Aug 2012 - May 2014New York, New York, Us* Branded Concept Development is an outsourced real estate, construction management and facilities management firm for developing restaurant and retail concepts* Whether imparting proven expertise to a start-up, or supporting the roll-out of an existing brand, BCD provides the essential insight for a comprehensive and cost-effective approach throughout the expansion process -
Partner/Founder Of A Fast Casual RestaurantPanino Sportivo Group Ltd Mar 2003 - Oct 2011* Built a new restaurant modeled after an Italian sandwich shop* Personally oversaw all aspects of business including design/construction, menu development, marketing, purchasing, staff hiring and training and all operations* Secured investor funding and oversaw the expansion of the concept to a second, and a planned third, location
James Race Education Details
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The University Of Texas At AustinAdvertising
Frequently Asked Questions about James Race
What company does James Race work for?
James Race works for Urbanspace
What is James Race's role at the current company?
James Race's current role is I grow retail brands by finding and negotiating the best real estate deals across the country through negotiation, collaborative partnerships and providing creative solutions | VICE PRESIDENT OF REAL ESTATE.
What schools did James Race attend?
James Race attended The University Of Texas At Austin.
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