Five Below
Retail
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At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!
Location: This is a remote role and requires someone to be based in Georgia, Alabama, or Mississippi.
Position Summary: The Real Estate Manager is responsible for collaborating with local broker teams, master broker & Real Estate Senior Analyst to develop a comprehensive and strategic real estate market plan for their assigned territories, and then oversee and execute on all aspects of the real estate life cycle within the same (I.e., from site selection, deal negotiation, lease negotiation, to opening, to restructuring, remodeling, repositioning).
Qualifications:
Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
3+ years of experience in retail real estate field is required
2+ years previous experience in market planning, site selection & deal negotiation
Must have working knowledge of regional retail markets, shopping centers & major developers with particular
Experience managing third party service providers, including master brokers, local market brokers and outside legal counsel
Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
Strong negotiation and transaction management skills
Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
Ability to recall information easily
Self-motivated with critical attention to detail and deadlines
Strong understanding of real estate practices and related legal principles
Job Responsibilities:
Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory
Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan
Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
Responsible for site selection of new store locations and existing store repositioning opportunities
Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
Manage/Mentor RE Coordinator partner - incorporating personal development plans, goal planning & promote exposure opportunities
Conduct field tours with key stakeholders of potential and existing locations
Work closely with legal counsel on all lease negotiations in assigned territory
Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory
Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities
Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories
Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners
Attend/represent Five Below at select Regional & National ICSC Conventions
Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome
Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.
Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new
BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers
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