Real Estate Manager

🔥 0 minutes ago

🤠 Texas – Remote

🤠 Texas – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

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Five Below

WebsiteLinkedInAll Job Openings

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 the entire real estate lifecycle for the assigned territory • Collaborate with local broker teams and the Real Estate Senior Analyst to develop, refine, and execute the market plan • Collaborate with construction, design, facilities, finance, and asset management to ensure successful store launches from site identification through opening and the store lifecycle • Select sites for new stores and existing store repositioning opportunities • Manage local real estate broker teams to execute new store growth plans • Manage and mentor the RE Coordinator partner, including personal development and goal planning • Conduct field tours with stakeholders for potential and existing locations • Work with legal counsel on lease negotiations in the assigned territory • Manage simultaneous LOI and lease negotiation pipelines to achieve growth targets • Prepare LOIs, site approval packages, site submittal packages, financial reports, and analyses for monthly Real Estate Committee meetings • Present proposed site approval packages at monthly Real Estate Committee meetings • Travel frequently throughout the assigned territory to assess retail trade areas, traffic and retail patterns, demographic trends, market shifts, and future opportunities • Communicate with operational partners and present strategy and priorities for new stores and relocations • Develop and maintain relationships with key developers and manage expectations of external business partners • Represent Five Below at select Regional and National ICSC Conventions

🎯 Requirements

• Candidates must be based in Texas and have experience in the Texas market • 3+ years of experience in retail real estate required • 2+ years of experience in market planning, site selection, and deal negotiation • Bachelor’s or Master’s Degree in Business Administration or a real estate/finance-related concentration preferred • Working knowledge of regional retail markets, shopping centers, and 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 • Ability to understand the audience and customer • Strong negotiation and transaction management skills • 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

• Health coverage • Financial wellness support • Personal wellness support • Reasonable accommodations for individuals with disabilities