Five Below
10,000+ employees
Founded 2002
🛒 Retail
👥 B2C
🛍️ eCommerce
💰 $194M Private Equity Round on 2010-10
Retail • B2C • eCommerce
Five Below is a retail store with a mission to provide an amazing shopping experience where tweens, teens, and beyond can enjoy unlimited possibilities at incredibly low prices. Known for its vibrant culture and strong values, Five Below emphasizes fun and creativity in its offerings, creating a unique environment for both customers and employees. With over 20,000 associates, the company focuses on a collaborative and inspiring workplace culture.
Real Estate Manager
🕒 July 23
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Five Below
10,000+ employees
Founded 2002
🛒 Retail
👥 B2C
🛍️ eCommerce
💰 $194M Private Equity Round on 2010-10
Retail • B2C • eCommerce
Five Below is a retail store with a mission to provide an amazing shopping experience where tweens, teens, and beyond can enjoy unlimited possibilities at incredibly low prices. Known for its vibrant culture and strong values, Five Below emphasizes fun and creativity in its offerings, creating a unique environment for both customers and employees. With over 20,000 associates, the company focuses on a collaborative and inspiring workplace culture.
📋 Description
• 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
🎯 Requirements
• 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 • 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.
🏖️ Benefits
• Explore our benefits site to discover all the perks and support we offer! • Health coverage • Financial and personal wellness
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