Leasing Manager

Sundial; Edmonton; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive compensation with bonuses

Comprehensive health and dental

Flexible hybrid work arrangements

Three weeks paid vacation

EFAP and employee discounts

Job summary

Sundial in Edmonton is seeking a Leasing Manager to oversee the commercial leasing of the company’s retail real estate portfolio. Responsibilities include new site leasing, lease renewals, broker management, and market analysis to ensure favorable terms and timely transactions.

You will collaborate with landlords, brokers, internal teams, and legal counsel to complete transactions that align with corporate objectives.

Qualifications

• Bachelor’s degree in Business, Commerce, Real Estate, Finance, or related discipline.
• Minimum 5 years of commercial retail leasing or commercial real estate experience.
• Experience negotiating retail leases and LOIs.
• Strong understanding of lease documentation and legal principles.
• Experience managing external commercial real estate brokers.
• Proficiency with Microsoft Excel and lease management systems.

Responsibilities

• Manage an assigned portfolio of retail locations and oversee lease renewals and critical events.
• Lead all lease renewal negotiations with landlords and analyze lease economics.
• Manage new site leasing from identification to final lease execution.
• Direct and monitor external brokers and coordinate LOIs and lease docs.
• Perform market analyses and present findings to senior leadership.
• Coordinate cross-functional stakeholders to ensure approvals and documentation.
• Track progress, produce leasing pipeline reports, and manage transaction status.
• Negotiate creatively to balance financial objectives with operations.

Skills

Negotiation

Broker management

Portfolio management

Market analysis

Financial analysis

Education

Bachelor's degree in Business, Commerce, Real Estate, Finance, or related discipline

Tools

Microsoft Excel

Lease management systems

Job description

Work Location

Edmonton Corporate Office

About the Role

The Leasing Manager is responsible for managing all aspects of the commercial leasing process for the company's retail real estate portfolio, including new site acquisitions, lease renewals, lease negotiations, and broker management. The role serves as the primary liaison between landlords, commercial real estate brokers, internal stakeholders, and legal counsel to ensure that leasing transactions are completed efficiently, commercially, and in accordance with company objectives.

Responsibilities

Portfolio Management

Manage an assigned portfolio of retail locations and maintain responsibility for all upcoming lease renewals and critical lease events.

Develop and maintain a comprehensive renewal schedule, ensuring negotiations commence well in advance of lease expiry dates.

Monitor lease option dates, notice periods, landlord obligations, and other critical milestones.

Prioritize leasing activities based on operational requirements, business strategy, and financial impact.

Maintain accurate lease status reports and provide regular updates to management.

Lease Renewals

Lead all lease renewal negotiations with landlords.

Analyze existing lease economics and identify opportunities to improve lease terms.

Prepare negotiation strategies supported by financial and market analysis.

Escalate significant business risks or commercial issues to senior leadership.

New Site Leasing

Manage the leasing process for new retail locations from initial site identification through execution of the final lease.

Retain, direct, and manage external commercial real estate brokers.

Clearly communicate site selection criteria and market objectives to brokerage partners.

Review potential opportunities and coordinate internal approval processes.

Negotiate Letters of Intent (LOIs) directly with landlords or through brokers.

Coordinate execution of binding lease documentation following approved LOIs.

Ensure all internal approvals are obtained before lease execution.

Broker Management

Select and retain qualified commercial real estate brokers.

Build productive relationships with brokerage firms across operating markets.

Establish leasing priorities and performance expectations.

Monitor broker performance and market coverage.

Ensure brokers actively pursue opportunities aligned with corporate growth strategies.

Coordinate broker activities to avoid duplication and maximize market intelligence.

Market Analysis

• Market rental rates
• Vacancy trends
• Comparable retail transactions
• Demographic information
• Competitive positioning
• Occupancy costs

Demonstrate whether proposed lease economics are consistent with market conditions and provide recommendations supported by data.

Present findings clearly to senior leadership.

Lease Administration & Transaction Management

• Manage lease transactions from Letter of Intent through lease execution.
• Coordinate with: Legal counsel, Construction, Operations, Finance, Executive leadership, Leasing Assistant.
• Ensure all required documentation is complete and properly approved.
• Track transaction progress throughout each stage of the leasing process.
• Maintain organized electronic and physical lease files.
• Ensure executed lease documents are accurately recorded within corporate systems.

Cross-Functional Collaboration

Work closely with internal departments to ensure successful execution of leasing projects, including: Construction regarding project feasibility, timing, landlord work, and tenant improvements; Finance regarding budgeting, financial analysis, and lease economics; Operations regarding store requirements and operational impacts; Executive leadership regarding strategic approvals and transaction recommendations; Leasing Assistant regarding document management, scheduling, and transaction administration; Legal regarding lease drafting and risk management.

Negotiation

Represent the company in negotiations with landlords, developers, and their representatives.

Protect the company's commercial interests while maintaining productive long-term landlord relationships.

Identify creative solutions to complex leasing issues.

Balance financial objectives with operational requirements.

Negotiate confidently in a professional and ethical manner.

Organization & Project Management

Manage multiple lease transactions simultaneously across numerous markets.

Maintain accurate tracking systems for all leasing activities.

Ensure no critical renewal, option, or notice deadlines are missed.

Prioritize workload effectively in a fast-paced environment.

Maintain detailed records of negotiations and transaction status.

Produce regular leasing pipeline and status reports.

Reporting

• Prepare reports for management including:
• Lease renewal recommendations
• Market rent analyses
• Financial summaries
• Transaction status reports
• Leasing pipeline updates
• Risk assessments
• Executive approval packages
• Portfolio performance metrics

Qualifications

• Bachelor's degree in Business, Commerce, Real Estate, Finance, or a related discipline (preferred).
• Minimum 5 years of commercial retail leasing or commercial real estate experience.
• Experience negotiating retail leases and Letters of Intent.
• Strong understanding of commercial lease documentation and legal principles.
• Experience managing external commercial real estate brokers.
• Advanced proficiency with Microsoft Excel, Word, and lease management systems.
• Experience working within a multi-location retail organization is considered a strong asset.

What Makes SNDL a Great Place to Grow

• Competitive compensation including performance-based bonuses and annual salary reviews.
• Comprehensive health and dental benefits, including a Healthcare Spending Account.
• Three weeks of paid vacation with annual rollover.
• Flexible, hybrid work arrangements to support work-life balance.
• Recognition and rewards programs that celebrate individual and team achievements.
• Employee & Family Assistance Program (EFAP) with mental health, financial, and family support.
• Employee perks and discounts program, offering savings across fitness, wellness, lifestyle, retail, and everyday services.

Commitment to Diversity & Inclusion

SNDL is an equal opportunity employer. We are committed to building a welcoming, inclusive, diverse and safe workplace where all of our team members have equal opportunity to succeed. We know this begins with recruitment. To honor our commitment, SNDL encourages applications from individuals of all backgrounds, sexual orientation, gender identity, ancestry, ages and abilities.

About SNDL

SNDL is one of Canada’s leading and fastest-growing liquor and cannabis companies. As the country’s largest private-sector retailer, our portfolio includes well-known banners such as Wine and Beyond, Liquor Depot, Ace Liquor, Value Buds, Spiritleaf, and Cost Cannabis. We’re also one of Canada’s largest vertically integrated cannabis producers, recognized for our innovation, low-cost manufacturing, and award-winning brands including Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Grasslands, Vacay, Pearls by Grön, No Future, and Bhang Chocolate. Driven by purpose, performance, and people, SNDL is shaping the future of retail and cannabis by bringing people together through exceptional products and experiences.

We’re also one of Canada’s largest vertically integrated, multi- segment, multi-banner retail operator, and Canada’s largest regulated product platform.