PureGym US · 1 month ago
Property Acquisition Manager
New York, NY
Full-time
Onsite
Mid, Senior Level
$155K/yr - $170K/yrPureGym Group is a leading gym operator headquartered in the UK, recently expanding into the United States. The Property Acquisition Manager will be responsible for sourcing, evaluating, and negotiating new gym locations, driving the company's growth in the U.S. market.
FitnessHealth CareTrainingWellness
Responsibilities
Source & Build the Pipeline
Generate a continuous funnel of high-quality site opportunities
Drive brokers proactively; daily engagement, clear directives, rapid feedback
Leverage local knowledge, competitor mapping, and demographic tools
Perform first-pass assessments: visibility, access, footfall, competition, constraints, and deal viability
Lead Deal Evaluation & Early Commercial Assessment
Conduct site visits independently and prepare structured assessments
Analyse rent levels, occupancy cost ratios, landlord strength, and competitive adjacencies
Negotiate Commercial Terms
Engage landlords directly; this is not a broker-only role
Negotiate heads of terms, rent, TI contributions, rent free, and lease-flexibility provisions
Build feasibility and initial ROI models in partnership with Finance
Prepare Capex Committee materials, including narrative, drawings, capex assumptions, and financial returns
Present opportunities confidently and defend the commercial rationale
Ensure decision makers have clear, concise, well-structured information
Qualification
Required
Extensive experience in retail, fitness, grocery, fast-casual, pharmacy, discount, or similar multi-site acquisition roles
Demonstrable experience sourcing and negotiating small-box retail leases
Hands-on negotiator comfortable dealing directly with landlords and REITs
Strong understanding of real-estate financials, occupancy cost, TI structures, and commercial levers
Comfortable working with financial models and investment cases (training will be provided)
Able to make clear, evidence-based recommendations quickly
High energy, field-driven operator — spends meaningful time in trade areas, not behind a desk
Fast, decisive, organised, and commercially sharp
Excellent written and verbal communication; able to synthesise complex information clearly
High integrity, low ego, ownership mindset
Thrives in a high-growth, high-pace environment with accountability and autonomy
Comfortable working in a lean team with direct exposure to senior leadership
Execution-obsessed; bias for action
Benefits
UHC Medical Cover
Lyra EAP
Life Assurance
Short-term Disability Coverage
Statutory NY and NJ Disability Coverage
MetLife ID Theft
MetLife Legal
Principle 401k Retirement
Company
PureGym US
As part of the PureGym family, we already have over 700 locations and 2 million members in the UK and Europe – so we know a little about what makes a great gym.
Founded in 1992
51-200 employees
Funding
Current Stage
Growth StageRecent News
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