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Fabletics · 13 hours ago

Lease Administrator

Greater Chattanooga

Full-time

Onsite

Entry, Mid Level

2+ years exp

Fabletics is currently looking for a Lease Administrator. In this role, you will support and assist in the acquisition of new retail sites and manage the lease administration function for the Fabletics retail store portfolio.

RetailShoppingSporting Goods

Comp. & Benefits

Responsibilities

Review and abstract lease agreements

Liaison to outside and in-house legal counsel, accounting, retail store ops, facilities, third party vendors such as architects and general contractors

Support and assist the dealmakers in the lease review process including notifying accounting and other pertinent business partners when new leases go into effect

Review and communicate lease obligations with business partners to provide insight and inform business decisions and actions during lease tenure

Communicate with landlords on various lease issues and/or disputes, working to solve and negotiate a resolution

Manage possession, rent commencement dates, percentage rent and tenant improvement allowance reimbursements

Manage and prepare the real estate inputs into CoStar, the web based platform housing the lease library

Prepare lease-related correspondence and forms, including estoppels, rent commencement memorandums and various other correspondence

Manage the storage agreements for the retail store portfolio

Manage and monitor lease renewals on a regular basis to ensure decisions can be made in a timely and appropriate manner across our portfolio

Assist the real estate team with the process of setting up new vendors in the accounts payable system

Respond to third party request for information related to real estate, design and construction matters

Prepare, update and maintain various lease summary reports outlining all of retail store portfolio and the obligations associated therewith

Assist the VP of Real Estate in managing the company’s retail real estate portfolio, including but not limited to the following: SNDA and estoppel requests, CAM issues, utility issues, landlord approvals for remodels and/or expansions and issues concerning reimbursements for operating expenses and utilities

Qualification

Commercial real estate experienceLease administration knowledgeCoStar proficiencyMicrosoft applicationsGuidance to team membersGoal settingCommunication skillsOrganizational skillsProblem-solving ability

Required

2 - 3 years of commercial real estate lease administration experience, preferably with a mall-based retailer

Strong oral and written communication skills

Must have excellent knowledge of leases, contracts and letters of intent, with the ability to read and interpret lease language

Proficient in the suite of Microsoft computer applications, as well as the technical aptitude to use the CoStar lease administration system

Must have strong organizational skills as well as acute attention to detail, possess the ability to solve and resolve problems, and provide support where and when needed

Ability to provide guidance to lower-level team members

Ability to set own individual goals to achieve project milestones