Job Description

Job Description

Job Description

POSITION SUMMARY:

Responsible for representing Fielmann USA in strategic real estate decisions and transactions across all company banners. Identify and evaluate opportunities within strategic areas for new store locations, store expansions, and relocations. Lead negotiations with landlords for Letter of Intent (LOI), leases and delivery timing.

DUTIES AND RESPONSIBILITIES:

IDENTIFY SITES FOR NEW STORES & MARKET EXPANSION

• Develop comprehensive strategic real estate development plans
• Initiate and complete real estate transactions associated with new stores, relocations, expansions, and lease term amendments
• Research designated markets to determine fit with market criteria and identify potential locations
• Conduct market and site analysis
• Use real estate analytics tool to conduct market research for specific store locations
• Conduct, coordinate and arrange market and site-specific due diligence
• Negotiate Letters of Intent (LOI) and leases for specific locations with counsel

LEAD SITE APPROVAL PROCESS

• Prepare and present retail and competitive data to support proposed market locations to be presented to Real Estate Committee. This includes information such as aerials, community profiles, major employers, unemployment data, demographic reports, sales projections, etc.
• Assist with development of sales projections and financial pro forma analysis
• Coordinate market and site visits for Senior Leadership team approval

SECURE/AQUIRE SITES

• Build and maintain strong partnerships with large brokerage and landlord networks to procure optimal new store locations
• Prepare high quality strategic real estate approval packages using PowerPoint and real estate analytical tool Site Seer
• Negotiate with brokers and landlords on price, rents, and terms to secure prime real estate at a competitive price
• Negotiate leases, renewals, amendments, etc. with legal counsel and landlords
• Work closely with Store Development and Construction on store layouts and delivery of conditions of space
• Meet with local government officials when necessary, regarding zoning, permits, incentive financing and represent Fielmann USA at public hearings

RELATED ACTIVITIES

• Partner closely with store planning and design team and construction manager to obtain timely governmental approvals, meet opening delivery dates, and coordinate with landlords when needed
• Assist with analysis of real estate aspects of potential merger/acquisition targets
• Represent Fielmann USA at meetings, conferences, and conventions

MINIMUM KNOWLEDGE, EXPERIENCE & SKILLS REQUIREMENTS:

• Bachelor’s Degree in relevant business field or equivalent work experience; MBA preferred
• 3 - 5 years’ experience in commercial real estate with acquisitions and real estate negotiations
• 1 - 3 years’ supervisory/management experience
• Experience with new store roll-out strategies desired
• Experience with Site Seer real estate analytics tool desired
• Experience in detailed market/site analysis and financial analysis of real estate investments
• Strong understanding of Midwest markets a plus
• Demonstrated comprehension of real estate deal financials, pro forma financial model for new stores, and critical analytical framework to make effective real estate decisions
• Corporate office real estate transactional experience a plus
• Familiarity with store design, construction and engineering documents and processes
• Knowledge of State, Federal and Local government rules and regulations related to commercial real estate
• Exceptional analytical, problem solving and decision-making skills
• Strong planning and organizational skills
• Demonstrated ability to act decisively and facilitate and implement ideas and solutions
• Strong verbal and written communication skills
• Proficiency in Microsoft Office Suite of programs

ESSENTIAL FUNCTIONS & WORK REQUIREMENTS:

• Ability to effectively communicate at all levels within the organization through written and two-way verbal communication
• Able to sit or stand for extended periods of time
• Able to operate various office equipment (e.g., personal computer, telephone, fax machine, copier, etc.)
• Able to read and write at a high school graduate level
• Able to lift 10 to 20 pounds
• Able to work normal and/or extended (evenings, nights, and weekends) office hours to meet established deadlines
• Able to travel independently to support Company objectives and personal development
• Able to travel extensively (auto, airline, overnight, etc.)

These statements are intended to describe the general nature and level of work performed by teammates assigned to this job classification. They are not intended to be an exhaustive list of all responsibilities, duties and skills required.

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