Real Estate Specialist
Cincinnati, Ohio, Us
Managed and implemented the Richmond and Roanoke, VA new store and fuel center strategy by identifying and securing commercial properties, managing due-diligence, negotiating contracts, coordinating with internal and external teams for development and construction, managing project budget, and ensuring adherence to all local and state laws and regulations. Presented project update summaries and new development proposals to the corporate Senior Management Team in Cincinnati, OH.• Performed site selection for Kroger’s new 123K SF “Marketplace” stores and fuel centers with a target of opening 5 stores per year in the Richmond and Hampton Roads, VA geographical areas (MSA).• Prepared budgets and research analysis to the Kroger Capital Committee for project approval.• Coordinated and collaborated with the internal team including construction managers, project manager, divisional real estate manager, and the corporate real estate manager on each project development, planning, and timeline.• Managed coordination of developers (including joint ventures), brokers, and localities from initial project launch to store opening.• Presented project specifics to design teams, planning review boards, and city council members; negotiated local requests to align with project specifics and budget to secure project approval.Major Accomplishments:• Negotiated over $80M in contracts and ground leases for stores and fuel centers within a 1-year period.• Identified $5M in surplus funds while managing the Mid-Atlantic Division’s capital spending reports.• Developed the division’s 1st ground-up shopping center capitalizing on commercial site size and increasing land value through retail shop contracts.