Senior Real Estate Manager

Duties and responsibilitiesJOB TITLE:Senior Real Estate ManagerLOCATION:Chicago (Itasca), ILREPORTS TO:Director of Real EstateDEPARTMENT:Real Estate & Store DevelopmentSALARIED OR HOURLY:SalariedDATE:August 2025Position Description:The Senior Real Estate Manager (SREM) represents the Company in strategic real estate decisions and transactions within their assigned geography. The SREM has primary responsibility for optimizing the entire real estate portfolio within their division/territory, and identifies and evaluates opportunities for new store locations, store expansions, and fuel centers to make growth recommendations to Division and Executive Management. In addition, the SREM guides surplus property marketing efforts, leads negotiations, and finalizes deals for closed stores and asset dispositions.DUTIES AND RESPONSIBILITIES:Takes ownership and lead responsibility for development of comprehensive strategic real estate plans for Division. Not only sees the big picture, but develops a strategy, obtains Division and Executive support, and executes theInitiates and completes real estate transactions of varying types and degrees of difficulty and takes a leadership role in the due diligence, entitlements, legal documentation, project coordination and project tracking on applicable asset management trackingPrepares high quality and accurate investment packages for Real Estate Committee utilizing in-house tools such as Excel, Arc/GIS, and PowerPoint.Coordinates all negotiations and collaborates with team attorney to finalize deal documentation.Engages and interfaces with real estate brokers and other 3 rd party consultants to market surplus properties, negotiate business deals, compile and submit packages to Real EstateWorks closely with the design and planning team and construction manager to timely obtain governmental approvals and complete store openings. Acts as a primary contact for inquiries regarding information on theWorks staff and other governmental bodies in connection with the Company’s real estateStays well versed on market dynamics in assigned territory including current and future changes to: public infrastructure, competition and demographics. Understands basic forecasting methodologies including gravity and analogueRepresents the Company in discussions and negotiations with Planning Commissions, City Councils, Planning andUnderstands and stays current on company policies relative to the negotiation of legalProvides leadership and mentors less experienced real estate personnel, e.g. Real Estate Managers and Real EstateMay have direct reports, which will vary by Division/Banner.ESSENTIAL SKILLS/REQUIREMENTSStrategy and PlanningProactive self-starter with an owner/investor/developer attitude.Strategic thought leader with ability to influence and develop real estate plans andSuperior expertise in real estate concepts, documentation, and the experience to close deals with limitedPossesses an established broad real estate network which enables the candidate to be resourceful, and get to solutions quickly.Portfolio OptimizationHighly developed market analysisSeasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions andExperienced dealmaker with strong negotiation skills with the ability to negotiate multi-million dollar transactions to a successfulAnalyzes and makes recommendations for underperforming real estate assets (e.g., closing, lease re-negotiation)Understands standard financial statements and can assess potential credit worthiness ofStore GrowthKnowledge of local and regional real estateKnowledge of land use regulations and the political and governmental processes governing real estateCreates, manages, and executes the development plan to meet portfolio returns and goals.Working knowledge of Design including fixture plans, site plans, and project development plans.Proficiency in Arc/GIS and MS Office: Word, Excel, Outlook andPartners with Store Operations team in developing and executing effective store opening promotional campaign and analyzing post opening performanceLeadership and CommunicationAbility to partner with and influence ExecutiveTeam player able to lead internal and external teams in a fast-paced retail real estateIntegrity and professionalism to represent the Company's interests to outside investors, professionals and vendors as well asExcellent communication skills both written andActs in a competent, professional, and timely mannerEducation/Experience5+ years of extensive and relevant experience in corporate real estate, shopping center development, and/or real estate with major retailer.Bachelor’s degree required with emphasis in Real Estate, Finance, or General Business. MBAINTERNAL/EXTERNAL CONTACTS:The position coordinates and collaborates with various disciplines within the Company including: Store Operations, Finance, Design, Construction, Maintenance, Legal, Property Management and CorporateReal estate brokers, developers, investors, attorneys, government officials, retailers, landlords and design and engineering professionals.PHYSICAL ENVIRONMENT:Most work is performed in a temperature-controlled officeMay sit for long periods of time at desk or computerMay use computer, calculator, keyboard, telephone, and other office equipment in the course of normalStooping, bending, twisting, and reaching may be required in completion of job25% – 50% travel depending upon assignedSee job posting link. #J-18808-Ljbffr

Created: 2025-09-21