Director, Real Estate

Loblaw Companies Limited; Calgary; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Director of Real Estate to join their dynamic team in Calgary. This role offers the chance to shape the future of retail through strategic negotiations and site evaluations across Western Canada. The ideal candidate will leverage their extensive commercial real estate experience to analyze new opportunities and collaborate with various stakeholders. With a commitment to sustainability and community impact, this position not only promises a rewarding career but also the chance to make a significant difference in the lives of Canadians. Join a company that values diversity, equity, and inclusion and offers a supportive environment for all employees.

Benefits

Comprehensive Training

Flexible Work Environment

Competitive Benefits

Career Advancement Opportunities

Qualifications

• 5-7 years in commercial real estate with strong negotiation skills.
• Proficient in financial modeling and analysis for new store locations.

Responsibilities

• Evaluate new store locations and development opportunities.
• Negotiate real estate agreements and maintain developer relationships.

Skills

Commercial Real Estate Experience

Negotiation Skills

Financial Analysis

Strategic Problem-Solving

Effective Communication

Education

University Degree in Real Estate or Related Field

Tools

PowerPoint

Excel

Job description

Come make your difference in communities across Canada, where authenticity, trust, and making connections are valued – as we shape the future of Canadian retail, together.

Our unique position as one of the country's largest employers, coupled with our commitment to positively impact the lives of all Canadians, provides our colleagues a range of opportunities and experiences to help Canadians Live Life Well.

At Loblaw Companies Limited, we succeed through collaboration and commitment and set a high bar for ourselves and those around us. Whether you are just starting your career, re-entering the workforce, or looking for a new job, this is where you belong.

Director, Real Estate

Overview:

Join our dynamic Real Estate team at Loblaw Companies Limited - Regional Office (3225 12st NE #100, Calgary, AB), where every day presents new opportunities and learning challenges. The incumbent will report to the Senior Director, Real Estate, and will be responsible for negotiating, leasing, and managing new store opportunities, dispositions, lease renewals, ancillary leasing, special projects, and more in Western Canada.

Duties:

1. Evaluate and analyze new store locations and development opportunities in Western Canada's retail sector.
2. Analyze and model the pro forma to determine the financial feasibility of new stores.
3. Negotiate real estate agreements for new stores, expansions, replacements, conversions, and rightsizing.
4. Establish and maintain relationships with developers and landlords in Western Canada.
5. Prepare and present decks for the Real Estate Capital Meetings.
6. Work directly with landlords and brokers to source new locations.
7. Negotiate lease rates for upcoming lease renewals.
8. Assist the store design, development, construction, and operation teams to ensure store openings are achieved on time.

Skills and Experience:

1. Post-secondary education equivalent to a university degree in Real Estate, Urban Planning, Geography, Finance, Business, or related field.
2. Five to seven years of experience in the commercial real estate sector.
3. Advanced skills in PowerPoint and Excel, capable of creating executive-level presentation decks including charts and economic proformas.
4. Effective communication skills, both written and verbal, with the ability to work with diverse personalities and styles.
5. Strategic problem-solving abilities with supportable decision-making skills.
6. Sound knowledge of financial data, lease documents, and retail market trends.

Our commitment to sustainability and social impact is integral to our business approach, focusing on Environment, Sourcing, and Community. We are dedicated to leadership in these areas and embody our CORE Values – Care, Ownership, Respect, and Excellence – through our Blue Culture.

We offer progressive careers, comprehensive training, flexibility, and competitive benefits, making us one of Canada's Top Employers, Best Diversity Employers, Greenest Employers, and Top Employers for Young People.

If you're unsure whether your experience matches every requirement, we encourage you to apply. We value diverse perspectives and experiences that can contribute to our team.

We focus on diversity, equity, and inclusion to make our company a better place to work and shop. We are committed to accessible environments for colleagues, candidates, and customers. Requests for accommodation due to disability can be made at any stage of the application and employment process.

Please Note: Candidates aged 18 or older are required to complete a criminal background check, with details provided during the application process.