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What you’ll be doing...
Verizon’s Global Real Estate organization is seeking a dynamic real estate professional with strong experience in retail lease negotiations. As a Real Estate Manager, your primary focus will be site selection and lease negotiation for new leases and relocations in the North Central Region (IL, OH, KY, WV, PA )to meet the company development goals.
Manage all activities associated with retail site selection and lease negotiations for new stores, relocations and expansions in the North Central Region.
Work with Area and Region real estate and leadership teams to create strategic plans to maximize Verizon distribution in various markets.
Utilize strategic GIS and web-based tools to maximize retail distribution.
Conduct research within the identified markets to ascertain availability of sites appropriate for Verizon Retail locations.
Manage and utilize brokers in various markets to ensure Verizon has the most up to date information on available locations and market conditions.
Conduct market reviews and site tours to locate, evaluate and recommend high potential real estate sites for the development of Verizon retail stores
Lead all LOI and lease negotiations.
Work with various internal teams (Construction, Facilities, IT, Sales, Operations) to ensure timely and successful store openings.
Prepare business cases for approval.
Regular and frequent project status reporting.
Analyze and evaluate existing store portfolio and recommend future strategy.
Management of the existing portfolio of Verizon corporate retail stores in the South East Region
Visit and evaluate each trade area to understand competitive position, vacancy and rent rates to create negotiating leverage
Negotiate lease renewals to reduce occupancy cost and improve competitive position.
Negotiate termination agreements, subleases and other documents.
What we’re looking for...
You'll need to have:
Bachelor's degree or four or more years of work experience
Six or more years of relevant commercial real estate work experience.
Knowledge of commercial real estate as it relates to market planning, site evaluations, city/county/state regulations, building and permitting, utility accesses, easement, parking regulations, and traffic flow.
Willingness to travel.
Valid driver’s license.
Even better if you have one or more of the following:
Familiarity with GIS or other real estate mapping tools.
Ability to evaluate the economic viability of real estate decisions.
Experience in reading and interpreting market and demographic data and matching the site to the needs of Verizon.
Equal Employment Opportunity
We're proud to be an equal opportunity employer - and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. At Verizon, we know that diversity makes us stronger. We are committed to a collaborative, inclusive environment that encourages authenticity and fosters a sense of belonging. We strive for everyone to feel valued, connected, and empowered to reach their potential and contribute their best. Check out our diversity and inclusion page to learn more.