Responsible for the development and execution of the enterprise's brick & mortar capital strategy to deliver required ROIC over time, including major projects, within the wall remodels, fuel centers and Customer Pickup. Also responsible for leading real estate asset management efforts at the Divisions, including lease restructuring, expense reduction, and new third-party property management opportunities. Role model and demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion, and safety of others.
Essential Job Functions:
Direct and oversee Real Estate Managers in their services across all Divisions with responsibility for various functions including overall network performance evaluation, capital strategy & deployment, including new stores, fuel centers, remodels and Customer Pickup. Partner with Division leadership in the development of their capital plans.
Travel to areas to evaluate storing opportunities for growth or contraction and direct team of associates to procure the best possible deals for the Company at the best available locations through diligent, proficient, and aggressive negotiating.
Manage a pipeline of major projects, using our critical path data to ensure we invest in the best projects across the enterprise with our capital allocation in order to increase ROIC over time. Work closely with VP Real Estate and Facility Engineering to implement a quarterly allocation system for major projects.
Ensure good communications and efficient productivity in the completion of construction and maintenance of stores by working closely with the Regional Facility Engineers
Ensure that regions prepare cash flow analysis on proposed projects with highest of integrity, and execute projects by handling entitlements/zoning efforts and composing/negotiating legal instruments to accurately reflect negotiated terms for the transaction.
Direct all regional real estate asset management efforts, including network evaluation, closing evaluations, lease restructurings, expense; reduction, new third-party property management opportunities and various other tasks that arise from time to time.
Partner with Shared Services to ensure Division leadership and our stores receive professional levels of "back-office" support, including property management, expense collection, maintenance, third-party approvals, and all various and mesne support that Division Real Estate Departments have historically provided.
Member of the Capital Expenditures Committee & Pre-Capital Committee. Assist with approving Division's capital projects as per policy, and present projects to the Capital Committee on a monthly basis.
Train, lead, and direct the work of internal and external resources in numerous areas of expertise and has a significant span of control.
Supervise and coach direct reports in the performance of their duties; complete performance reviews and provide feedback to direct reports.
Must be able to perform the essential functions of this position with or without reasonable accommodation.
Behaviors / Skills
Some of the Leadership Behaviors needed to successfully perform this position are:
Puts the Customer First - Anticipates customer needs, champions for the customer, acts with customers in mind, exceeds customers’ expectations, gains customers’ trust and respect.
Communicates effectively and candidly - Communicates clearly and directly, approachable, relates well to others, engages people and helps them understand change, provides and seeks feedback, articulates clearly, actively listens.
Achieves results through teamwork - Is open to diverse ideas, works inclusively and collaboratively, holds self and others accountable, involves others to accomplish individual and team goals.
Leads through positive influence - Demonstrates strong character; builds partnerships; models a conscious balance between work and personal life; takes personal responsibility for own development; role models leadership qualities such as motivation, inspiration, passion, and trust.
Coaches and develops others - Develops and cares about associates, builds effective teams, helps people be their best, values and manages diversity, provides candid and constructive feedback.
Leads change and innovation - Challenges the status quo, embraces technology, puts forward creative ideas, champions and implements process improvements, gathers the ideas of others, demonstrates good judgment about which ideas will work.
Executes with excellence - Is action-oriented, drives for results, sets clear expectations and milestones, reviews progress, acts decisively, solves problems, can be counted on to consistently meet or exceed goals.
Provides clear and strategic direction - Plans and organizes well, sets a clear and simple course of action, stays focused on the most important priorities, has the ability to visualize and plan for the future, understands the industry and marketplace.
Safety Awareness -Identifying and correcting conditions that affect employee safety; upholding safety standards.
Minimum Position Qualifications:
Bachelor's degree in business or real estate
At least ten years of experience in commercial/retail property management, real estate leases, accounting, contractual obligations and legal liabilities, and sales experience; or equivalent combination of education and experience.
Ability to preserve the confidentiality of information
Excellent accuracy and attention to detail
Ability to organize and prioritize a variety of tasks/projects
Ability to travel 50% of time
Proficiency with standard business software, including Microsoft Office Suite, web browsers and email clients.
Ability to read and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume. Ability to apply concepts of basic algebra and geometry.
Ability to define problems, collect data, establishes facts and draw valid conclusions.
Excellent oral and written communication
Strong interpersonal skill and developing others.
Desired Previous Job Experience
10 years' experience in real estate with another retailer or a real estate development company including experience in property management
Poline Associates is an international executive search firm specializing in the shopping center industry.We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.