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Five Below · 10 hours ago

Real Estate Manager, West

Sacramento, CA

Full-time

Onsite

Mid Level

3+ years exp

Five Below is a company that emphasizes a fun and engaging workplace culture. They are seeking a Real Estate Manager to execute a comprehensive market plan, manage site selections, and collaborate with various teams to ensure successful store launches throughout the assigned territory.

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Responsibilities

Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory

Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan

Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle

Responsible for site selection of new store locations and existing store repositioning opportunities

Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans

Manage/Mentor RE Coordinator partner - incorporating personal development plans, goal planning & promote exposure opportunities

Conduct field tours with key stakeholders of potential and existing locations

Work closely with legal counsel on all lease negotiations in assigned territory

Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning

Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting

Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory

Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities

Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories

Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners

Attend/represent Five Below at select Regional & National ICSC Conventions

Qualification

Retail real estate experienceMarket planningSite selectionDeal negotiationReal estate practicesAnalytical skillsCommunication skillsProblem-solving skillsManage changePresentation skillsNegotiation skillsAttention to detailSelf-motivated