Director of Site Development

Company: Institute of Real Estate Management
Location: Washington
Posted on: September 5, 2024

Job Description:

HOW WE TAKE CARE OF YOU:

• For full time employees, Health, Dental, Vision, 401K with generous matching program, generous paid time off.
• Potential Annual Bonus Opportunity.
• 50% discount at restaurants and retail locations.
• Career advancement opportunities as we are growing! SET THE COURSE Partner with Senior Executives and third-party brokers to develop and lead company real estate development strategy. This position is dedicated to sourcing new development restaurant and store opportunities and the management, oversight and organization of the real estate portfolio, lease negotiations, working with internal business partners on project execution and in-house Counsel on leasing related legal issues. BE THE ISLAND GUIDE
  • Leads company efforts to source and evaluate new store and restaurant opportunities.
  • Conducts research to support new store and restaurant development projects, including visiting prospective sites, using internal and external data, etc.
  • Negotiates company's retail and restaurant leases.
  • Conducts financial analysis using pro forma models to analyze each project.
  • Works with senior leadership and stakeholders to accomplish development projects.
  • Leads the coordination of new development projects, including negotiating LOI's, work letters and leases, and coordinating jurisdictional compliance requirements, landlord and tenant work, etc.
  • Tracks and manages all landlord and tenant lease obligations.
  • Performs other duties as needed to help support the overall business. ESSENTIALS FOR LIFE IN PARADISE
    • BS in Business required; MBA or JD preferred.
    • Generally, 10 + years of leasing experience working with either a national retailer, REIT, property developer or real estate broker.
    • Experience negotiating retail and/or restaurant real estate leases.
    • Strong financial analysis skills and understanding of lease economics.
    • Experience with financial "pro-formas." Multiple factors will vary the applicable rate of pay for this role, including an individual's experience, knowledge, and skillset, as well as work location and available budget. Rate Range: $140,000.00 to $200,000.00 annually. Mahalo (thank you) for your interest in Tommy Bahama!
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Keywords: Institute of Real Estate Management, Washington DC , Director of Site Development, Executive , Washington, DC