CVS Health · 9 hours ago
Real Estate Director
Boston, MA
Full-time
Onsite
Lead/Staff, Director/Executive
$100K/yr - $232K/yr
5+ years expCVS Health is dedicated to building a world of health around every individual by simplifying healthcare experiences. They are seeking a Real Estate Director to manage the real estate development process, including strategic planning, site selection, and asset management for CVS locations.
Health CareMedicalPharmaceuticalRetailSales
Responsibilities
Develop a Real Estate Strategy for assigned territory that aligns with the overall Enterprise strategies and initiatives
Growing and protecting Market Share
Evaluating existing fleet to determine if they should be relocated, repositioned or closed
Evaluating potential acquisition opportunities
Master the utilization of our analytics tools in order to efficiently determine the key markets to target
Manage the existing store and related assets in assigned territory
Manage the lease renewal process for each store to ensure that we are maximizing opportunities to reduce rent expense for each location
Work with Landlords to reduce rent expense by renewing early where our strategy dictates
Must be able to have tough negotiations for underperforming stores in order to significantly reduce rent expenses prior to next option period
Rework leases to remove percentage rent and reduce NNN’s as option periods approach
Obtain Landlord consent for existing store projects such as format changes, remodels, etc
Develop and deliver impactful presentations to convey facts, articulate strategies and build alignment
Market Reviews, New and Relocation store presentations will be given to the Real Estate Committee (REC), which includes the Presidents of Retail and Pharmacy Operations, and several Sr Vice Presidents, once a month
Work with our Legal and Lease Administration Teams on all Real Estate related activities in assigned territory. Examples include:
Condemnations – Will interact with Inside and Outside Counsel, Expert and Landlords during the process and will participate in mediations and court proceedings as necessary
Third Party Requests – Will work with requestor to determine if it is beneficial to CVS and negotiate appropriate compensation to do so
Landlord amendment request – Determine if the request is beneficial to CVS and negotiate appropriate compensation from Landlord
Participate as a key advisor on all important Real Estate decisions in assigned territory by developing a strong working relationship with the Store Operations Team to include the Divisional Vice Presidents and their Region Directors, as well as Business Unit Leaders across the Enterprise
Qualification
Required
A minimum of five to eight years retail real estate experience in challenging markets
Extensive knowledge of principles, policies, and practices relating to real estate transactions
Proven lease negotiation skills
Strong communications (both written and verbal) and presentation skills
Knowledge of real estate markets, industry analysis and best practices
Demonstrated leadership and track record of successful engagements/initiatives requiring coordination of cross-functional team members with varied backgrounds and skills
Financial/P&L analysis and budget preparation experience
Proficient with Microsoft Office and other systems necessary to carryout day to day duties (ie. GIS)
Ability to travel up to 30%
Bachelor's Degree or equivalent years of work experience
Benefits
Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching
Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility
Company
CVS Health
CVS Health is a health solutions company that provides an integrated healthcare services to its members.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$4BKey Investors
Michigan Economic Development CorporationStarboard Value
2025-08-15Post Ipo Debt· $4B
2025-07-17Grant· $1.5M
2019-11-25Post Ipo Equity
Leadership Team
David Joyner
President and Chief Executive Officer, CVS Health
Chandra McMahon
SVP & CISO
Recent News
2026-01-25
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