Leasing Administrator- Commercial Retail

Job description

Leasing Administrator- Commercial Retail

JOB SUMMARY (Hybrid)

Under the direction of the Director of Real Estate, manage the implementation of renewal, relocation, closure, and consolidation strategies for the current portfolio, with a strategic emphasis on rent reduction. Formulate strategic plans for regional market penetration and ensure the realization of development objectives through effective management of investment expenses, broker networks, and site integrity. Work closely with the Market Analysis team to pinpoint trade areas, collect demographic information, and scrutinize growth patterns, traffic flows, and real estate trends to identify prime locations within designated markets. Compile thorough approval packages for the Real Estate Committee pertaining to renewal, relocation, or new site initiatives.

ESSENTIAL DUTIES & RESPONSIBILITIES

· Strategic Regional Market Penetration Planning & Execution

· Participate in defining, updating, and implementing real estate strategies.

· Prioritize real estate initiatives within the market and oversee the evaluation, deployment, and management of current and future initiatives.

· Stay informed about industry trends and issues, providing insights on their competitive and financial implications.

· Establish goals, objectives, procedures, and performance measures for the real estate department at the market level.

· Analyze prospective sites within the target area to identify the best options that maximize internal rates of return, evaluating costs and permitting timeframes.

Site Selection/Negotiation

· Negotiate renewal lease transactions according to company criteria, considering unique transaction circumstances.

· Ensure the execution of all lease contracts.

· Prepare detailed site approval packages, aligning with Construction on budgets, investment criteria, site feasibility, and permitting timeframes.

Project Management

· Collaborate closely with Construction Project Managers to monitor and manage new openings and remodels.

REQUIRED QUALIFICATIONS

· 3+ years of diverse experience in corporate retail real estate, emphasizing multi-unit retail and high-growth development projects.

· Understanding of construction and finance.

· Strong communication skills with the ability to influence and foster meaningful team relationships.

· In-depth knowledge of industry standards, project development processes, and requirements for nationwide multi-unit development.

· Proven track record in lease renegotiations.

· Ability to align objectives and work programs with industry standards and adapt to changes in real estate and development direction.

· Proficiency in PC-based computer skills, including word processing and spreadsheets.

· Ability to compute rate, ratio, and percent return.

Minimum Educational Level/Certifications

· Bachelor's degree in real estate, business, finance, or a related field.

Physical Demands/ Environmental Conditions

· Work independently as the position is remote.

· Manage multiple tasks concurrently.

· Travel to market required.

· Candidates must reside in the Greater Knoxville Area and be open to travel as needed.

Travel Requirement

· Travel up to 50% of the time.

Employment Type

Full-time