The Leasing Manager is responsible for negotiating long-term leases (longer than a year) for retail stores at their assigned shopping center(s). Leasing Managers maintain on-going communication with national, regional, local, and online retailers, providing information about and selling the assigned properties to the retailer representatives. Leasing Managers maintain a pulse on the retailer’s need with respect to space size, store front width, and location in order to present the right opportunities as they arise. This role monitors the shopping center’s changing market conditions and merchandise mix to determine the best types of store (uses) for the property.
Essential Job Functions:
Prospecting for new to Macerich retailers, and developing new retailer relationships
Negotiate Letters of Intent on an on-going basis and receives appropriate approvals; obtains all pertinent information and documentation for lease request.
Monitor of lease expirations, sales termination rights and lease options for their center/accounts.
Works with senior management on providing annual budgetary information.
Merchandises the assigned shopping center(s).
Analyzes tenant sales reporting.
Conducts market tours.
Attends leasing and mall management meetings.
Communicates internally with the leasing team on the status of what is happening in their center.
Ability to discuss the portfolio and have market awareness.
Works in Yardi to prepare Letters of Intent, input budgetary information and submits deals for lease.
Understands a Tenant Coordinator’s role and how they can assist to get Tenants open.
Interacts with the Legal department to understand Letters of Intent and our internal lease form(s).
All other duties as assigned.
High energy, insatiably curious with a passion for new, innovative, and local brands
Strong organizational and communication skills (both written and verbal)
Bachelor's Degree required.
Minimum of 3-5 years in retail, marketing and/or shopping center experience.
Comprehensive understanding of marketing and merchandising techniques.
Understanding of both the business and legal terminology used.
Strong interpersonal and sales skills are necessary.
Self-directed and solutions-oriented
Flexibility in work schedule, as needed.
All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and
redevelopment of regional malls throughout the United States (NYSE:MAC).