Peter Russell Email & Phone Number

Dallas, Texas, Us

The Retail Connection represents over 300 of the leading national retail and restaurant chains in the country, over 25 million square feet of properties for is clients, and operates investment services platforms including Connected Development Services, Connected Acquisition Services, and Connected Capital. The firm also provides asset and property management through its Connected Management Services division. Our firm is committed to providing the highest level of service to our clients. We play a critical role in achieving the goals of our clients. Work with a team of professionals, gain valuable experience, and make a significant impact on our clients’ success. My focus is on enhancing the profitability and value of our clients’ commercial real estate assets. Our team of professionals provide top-notch services to our clients in tenant representation, project leasing, general brokerage, investment sales, and surplus property/disposition

Irving, Texas, Us

My area of expertise encompasses a comprehensive understanding of real estate strategy, encompassing facets such as Site Selection, Lease Administration, Legal, Construction Project Management, and Store Design, aimed at maximizing Fleet Optimization and streamlining the site selection process. Responsible for driving the implementation of analytical financial projections and negotiating leases, with a focus on designing and executing efficient processes that contribute to the overall success of the team and company goals.Backed by a distinguished reputation in the industry, I have participated in several seminal events such as ICSC, ULI, and professional speaking panels, as well as having led round table discussions and think tanks with key industry leaders from the retail, development, and brokerage sectors.My exceptional interpersonal abilities, established relationships, and competent communication skills have been instrumental in my successful completion of over 1,000 lease transactions and acquisitions. My passion for real estate, coupled with my leadership acumen and team management expertise, render me a valuable addition to the organization.

Midvale, Utah, Us

Vice President of Real Estate at Bed Bath & Beyond. Through both unprecedented and trying times in the height of COVID-19 pandemic, the company tasked me with the challenge of operating and evolving a 1500 store portfolio with virtually no playbook, as the rules literally changed each and every day. That experience provided me an opportunity to not only navigate a team, but excel at it, despite hundreds of lockouts, litigations and over 1000 store defaults, we did not lose a single store and achieved over $100M of lease savings in 6 months. Further, created the processes and strategic framework to position the company to begin analyzing and transacting new store leases under the buybuy BABY banner.

Midvale, Utah, Us

As Managing Director of Real Estate. Responsible for nationwide expansion strategy, implementation and site selection, highly proven lease negotiator, managed an elite nationwide broker network. Led pre-REC meetings and implemented an analytical financial pro forma, a collaborative team approach between real estate, legal, store planning and construction, prepared three, five and seven year store pipeline profile for both new store expansion and existing fleet renewals/ expirations and repositioning’s, strategized multiple store acquisition programs and bankruptcy acquisitions, designed and implemented streamlined paperless process, energetic and motivated leader employee development and effective management skills with a team approach. Day to day duties included preparing and negotiating letters of intent, weekly presentations to executive real estate committee for new store strategy, sites and existing portfolio repositioning and renegotiations, coordination with internal construction, store planning and operations personnel and leading lease negotiations with inside and outside counsel. Participation in numerous ICSC and other professional panels, as well as round table discussions and thinktanks with several best in class developers and brokerage firms. I have superior communication and presentation skills, prepared comprehensive letter of intent and extensive lease negotiations.

New York, Ny, Us

Responsible for the strategic planning and site selection of Gap, Gap Kids, baby Gap, Gap Outlet, Banana Republic and Old Navy banners, prepared financial proformas, presented to executive real estate board, prepared comprehensive letter of intent to facilitate the lease document process, managed existing store lease actions, expirations, renewal, and early terminations, matured long-term relationships with major real estate developers and property managers nationwide, installed an effective broker network to ensure the best intelligence per all site decisions, effectively managed project coordinators, lease administrators and executive assistants.

Reported directly to Senior Vice President of Real Estate. Responsibilities included new store site selection, development and leasing, analyze geographic, demographics and economic market studies, lease negotiations, maintained existing store portfolio with national mall developers, executed occupancy cost reduction program through lease renegotiations and disposition of surplus space, negotiated lease renewals, termination agreement, rent relief, Roll over and kick out, prepared and managed corporate expenditure budget for the real estate department, assembled and effective nationwide broker networks resulting in a more effective site selection process, implementing a program to project profit and loss statements with what if scenarios, organize and resolve the open construction issues in order to achieve targeted store opening dates, implemented a Geographic information system (GIS) to assess in identifying market for potential sites.

Reported directly to corporate controller, prepare financial statements for 90 Puerto Rico subsidiary corporations, prepared depreciation schedule for Store fixed assets, process journal entries for parent corporation subsidiaries, prepared spreadsheet for allocation a store fixed expenses, supervise and delegating responsibilities to accounting interns.

Reported directly to lease administrator manager, interpreted and reviewed lease agreements and abstracts, prepared monthly and annual sales reports, prepared lease commitment foot notes for the corporate annual report to shareholders, audited landlord adjustable charges do under lease commitments.