Five Below
10,000+ employees
Founded 2002
💰 $194M Private Equity Round on 2010-10
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 20,000 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.
Senior Director, Real Estate
🕒 May 20
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Five Below
10,000+ employees
Founded 2002
💰 $194M Private Equity Round on 2010-10
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 20,000 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.
📋 Description
• Manage execution of a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned region • Ownership of a core function/process within Real Estate Department • Develop & execute annual strategic initiatives • Own annual budget (if applicable) while managing expenses throughout fiscal year • Collaborate closely with Real Estate Managers, Master Brokers (if applicable), local broker teams & Manager of Analytics to develop, refine and execute market plan • Collaborate closely with construction, design, facilities, finance and portfolio management to ensure successful store launch from site identification, to opening and throughout the store lifecycle • Develop strong working relationships with peer leaders in construction, design, lease administration, legal & operations • Responsible for approval of site selection of new store locations in assigned region • Effectively manage broker representation in assigned region to maintain required standards for executing new store growth plans • Actively coach/mentor all direct reports to support their career progression & expand their capabilities • Conduct executive team field tours with key stakeholders for review of potential and existing locations • Work closely with legal counsel & dealmakers on lease negotiations in assigned region
🎯 Requirements
• Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred • 12+ years of experience in retail real estate field is required • 8+ years’ experience negotiating leases, contracts, and similar documents • 8+ years previous experience in asset management based function for a national/regional retailer and/or retail focused commercial developer • Strong understanding of real estate practices and related legal principles • Must be able to travel as needed
🏖️ Benefits
• Health coverage • Financial wellness support • Personal wellness support
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