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Bloomingdale's · 7 hours ago

Director, Bloomingdale's Real Estate

New York, NY

Full-time

Hybrid

Director/Executive

$175K/yr - $292K/yr

7+ years exp

Bloomingdale's is dedicated to making fashion personal and fun, and they are seeking a Director of Real Estate to lead the execution of their real estate strategy. The role focuses on managing and developing Bloomingdale's real estate assets, driving expansion strategies, and enhancing asset value through negotiations and strategic deal-making.

E-CommerceFashionLifestyle

Responsibilities

Manage and develop Bloomingdale’s real estate assets, including negotiations for new store deals, dispositions, store size optimization, proposed redevelopments, and lease agreements. Build and maintain relationships with landlords, developers, brokers, and other external stakeholders throughout the deal lifecycle

Lead expansion strategy for all Bloomingdale’s store formats (Bloomie’s, Outlet, and Full-Line). Identify and evaluate potential retail locations aligned with strategic market growth goals. Leverage research to conduct market analysis, demographic studies, and competitive assessments to inform site recommendations. Evaluate real estate investments using financial proformas

Lead negotiations for letters of intent (LOIs), leases, renewals, and amendments. Collaborate with internal partners (legal, construction, finance) to ensure agreements align with business needs and timelines. Maintain a strong understanding of lease language and business risks. Partner with legal on negotiating easements, leases, purchase and sale agreements, site plan approvals, and development rights

Monitor and assess the performance of the existing portfolio to inform optimization strategies. Review lease expirations, options, and renewals, making data-driven recommendations. Analyze property-level financials and debt obligations. Conduct sensitivity and scenario analyses to evaluate asset utilization and support strategic initiatives. Coordinate property management with store operations and facilities teams

Continuously improve tools, processes, and procedures across the Real Estate and Bloomingdale’s business unit teams. Coordinate cross-functional teams to meet project milestones. Establish working groups for key initiatives, drive progress, and resolve challenges efficiently

Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities

Qualification

Strategic Real Estate ExpertiseFinancialAnalytical AcumenLegalRetail Leasing KnowledgeNegotiation SkillsMarketSite EvaluationRelationship ManagementExecutionProcessTool OptimizationTechnical ProficiencyCommunication SkillsCross-Functional CollaborationProject ManagementPresentation

Required

Bachelor's degree in real estate, business, finance, or equivalent work experience in a related field

7+ years of retail real estate experience

In-depth experience leading portfolio strategy and executing real estate initiatives across multiple store formats, including full-line, outlet, and small-format concepts

High proficiency in real estate financial modeling, including proformas, cap rate analysis, sensitivity and scenario planning

Strong understanding of lease language, entitlements, easements, and development agreements

Demonstrated success in anchor leasing and leveraging brand value to drive optimal deal terms

Skilled in evaluating market potential, conducting demographic and competitive analysis

Established relationships with luxury and lifestyle landlords, developers, and brokers

Excellent written and verbal communication skills

Proven ability to coordinate and lead internal teams (legal, construction, finance, operations)

Strong organizational and leadership skills to manage complex deal pipelines

Experience improving real estate processes, tools, and documentation

Ability to distill complex real estate strategies into compelling reports and visual presentations

Proficiency in Microsoft Office, especially Excel and PowerPoint; experience with mapping, demographic, and real estate analysis tools (e.g., CoStar, ESRI)

Preferred

MBA or JD preferred

Benefits

Comprehensive health and wellness coverage

401(k) match to invest in your future

Paid time off

Eight paid holidays

Merchandise discounts

Macy’s performance-based incentives

Annual merit review

Employee Assistance Program with mental health counseling and legal/financial advice

Tuition reimbursement

Company

Bloomingdale's

Glassdoor3.4

Bloomingdale's operates a chain of department stores that offers clothing, shoes, handbags, wallets, and accessories for men and women. It is a sub-organization of Macy's.

Founded in 1860

New York, New York, USA

5001-10000 employees