Position Description: Under the direction of the Area Specialty Leasing Manager, the Specialty Leasing
Manager is responsible for delivering the Specialty Leasing budget in their assigned center(s) through
the negotiation and execution of short-term cart, kiosk, and short-term store leases. This position
requires a strong understanding of sales, demographics, retail trends, and merchandising in order to
identify and negotiate leases that are sustainable and compliment the long-term leasing strategy. In all efforts, the Specialty Leasing Manager will embrace and demonstrate Macerich Core Values and partner with the property team to increase the bottom-line profitability of the shopping center.
Essential Job Functions:
Works with the Area Manager in developing sales, merchandising, and rate strategies for assigned center(s).
Negotiates and executes Specialty Leasing agreements to deliver annual budgets and supports overall asset strategy.
Remains current on local retail trends and identifies and secures new and appropriate retail concepts as part of merchandising strategy; business development outreach includes cold-calling, internet research, and active social media engagement.
Monitors temporary agreement expirations to mitigate risk and drive revenue.
Works with senior management on providing annual budgetary information.
Develops annual budgets with guidance from AVPs.
Prepares monthly specialty and kiosks forecasts.
Develops a thorough understanding of local market and center demographics to conduct center tours.
Attends leasing and asset meetings as required.
Communicates internally with the leasing and management teams on the status of leasing activity.
Is responsible for overall Specialty Leasing program by way of deal execution, proper display, placement, and retailer relations.
Assists the center team in administration of program when required (insurance submission, document execution, operational standards, etc.).
Maintains monthly forecasts.
All other duties as assigned.
Requirements and Qualifications:
Bachelor’s Degree required.
Minimum of 3-5 years in retail sales, shopping center leasing, or specialty leasing experience.
Comprehensive understanding of basic accounting principles and financial reporting.
Knowledge of retail and food industry trends.
Effective sales and communication skills that fosters cooperation and teamwork.
Flexibility in work schedule, as needed.
Basic computer skills including Outlook, Excel, Adobe Acrobat, PowerPoint.
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.
A Culture of Belonging
At Macerich, we are committed to a diverse, inclusive, and equitable workplace. We believe our diversity creates value for our employees, workplaces and town centers, and the communities we serve.
We strive to hire great people from diverse backgrounds, and we are stronger for it. We want our employees to thrive, feel valued and respected, and therefore encourage a culture of learning, acknowledging, and celebrating individual uniqueness. We are proud of our practices and the equal opportunity for employment and advancement we foster across the organization.
In support of our culture of belonging, Macerich welcomes qualified applicants without regard to race, color, religion, creed, gender, national origin, age, disability, medical condition, genetic information, military or veteran status, marital status, pregnancy (including childbirth and pregnancy-related medical conditions), sex, gender expression or identity, sexual orientation, citizenship, or any other characteristic or class protected under federal, state, or local law. Additional information is contained in Macerich’s Anti-Harassment, Discrimination and Retaliation Policy, which can be provided to applicants upon request. Macerich also provides reasonable accommodations to qualified individuals with disabilities. If you require accommodation during the application process or your employment, please contact Human Resources.
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).