Manager, Real Estate

Subway; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading fast-food chain in Toronto is searching for a Real Estate Manager. The role focuses on optimizing site selection for new restaurant locations by building strong relationships with brokers and managing lease negotiations. The ideal candidate should possess a Bachelor’s Degree in Real Estate and have over 5 years of experience in the field. This position offers diverse benefits and opportunities for growth within the company.

Benefits

Insurance Plans

RSP

Competitive Bonus

Mobility Allowance

Tuition Reimbursement

Company Holidays

Volunteering time

Qualifications

• 5+ years of experience in corporate commercial real estate.
• Proven track record in site selection and market analysis.
• Ability to travel within assigned territory.

Responsibilities

• Collaborate with brokers and landlords to secure locations.
• Prepare and present detailed site proposals.
• Negotiate and execute Letters of Intent (LOIs).
• Support the full development cycle from site selection to opening.

Skills

Negotiation skills

Market analysis

Relationship management

Communication skills

Project management

Education

Bachelor’s Degree in Real Estate or related fields

Tools

Excel

PowerPoint

SmartSheets

Job description

Overview

Location: Toronto

Ready for a fresh, new career? Look no further because one of the world’s most iconic brands can help you get there.

Why Join Us?

At Subway, “better” is baked into our DNA. We are a brand that believes in continued improvement … in our lives, our businesses, and our planet. From the handshake that started our very first sandwich shop to earning our position as the world’s leading restaurant brands, we’ve always embraced change and the path ahead. And today, we\'re making better living way easier.

Our purpose is about more than the food we serve in our restaurants. It’s centered on fueling healthy businesses and healthier lives. It is one of the most exciting times to join the Subway team and contribute to our transformational journey.

About the Role:

Reporting directly to the Director of Real Estate & Leasing, The Real Estate Manager will play a pivotal role in strategically growing and optimizing Subway\'s restaurant network. This role is critical to ensuring the long-term financial strength of the brand through profitable, data-driven restaurant development.

This role requires a strategic thinker with in-depth knowledge of their assigned territory and strong executional skills to identify, evaluate, and secure prime locations for new Subway restaurants, while also overseeing the site approval process in partnership with internal leadership.

The role manages all real estate activities (including new store openings, relocations, LOI negotiation & execution) and will sees all approved deals through the full development cycle from site selection to store opening. Additionally, the Real Estate Manager will collaborate closely with commercial brokers, landlords, single & multi-Unit Franchisees and cross-functional corporate teams, acting as a trusted advisor and hands-on executor of Subway’s brand expansion strategies.

If you feel that this is the role for you, and you are successful with your application, be ready to be Bold, Empowered, Accountable, and ready to have Fun in a fast paced and agile working environment.

Responsibilities include but are not limited to:

• Collaborate with and maintain/grow relationships with regional and national brokers, landlords, developers and municipal authorities to secure optimal locations
• Work closely & collaboratively with internal teams to prepare and present detailed site proposals, including financial analysis, to obtain corporate approvals
• Maintain an up-to-date pipeline of potential properties and provide regular progress reports to senior management
• Calibrate market rents and favorable rent/lease terms in partnership with franchisees for new locations identified in order to submit conditional letters of intent
• Lead negotiation and execution of Letters of intent (LOIs) aligned with Subway’s deal parameters and legal requirements
• End-to-End Development. Support the full development cycle of a site through oversight of key development milestones through to restaurant opening
• Act as a key stakeholder throughout permitting, build-out, leasing, and opening stages to ensure sites sourced and approved proceed on schedule

Qualifications

• Bachelor’s Degree in Real Estate, Business, Finance, GiS, Urban Planning and/or related fields strongly preferred.
• 5+ years\' experience in corporate commercial real estate and market research analysis in the QSR, Fast Casual industry or retail industries.
• Bi-Lingual capability an added asset.
• Real Estate Designations an added asset.
• Proven track record in site selection, market analysis, and/or lease negotiations.
• Strong, established network and partnerships with landlords, brokers and developers in assigned territory.
• Strong understanding of real estate market in assigned territory, including zoning laws and regional nuances.
• Experience with analytics tools/ real estate market software.
• Excellent negotiation, interpersonal, and communication skills.
• Ability to travel within assigned territory for site visits, landlord meetings, franchisee meetings, etc.
• Proficiency with Excel, Powerpoint and SmartSheets.
• Ability to manage and oversee site approval presentations, communications and site tracking for real estate in assigned territory.
• Ability to build strong working relationships cross-functionally and externally.
• Deep understanding of Canadian Markets & Development landscape related to retail & QSR industries.

What do we Offer?

• Insurance Plans
• RSP
• Competitive Bonus
• Mobility Allowance
• Tuition Reimbursement
• Company Holidays
• Volunteering time
• Many More…..

Actual pay is determined based on a number of job-related factors including skills, education, training, credentials, qualifications, scope and complexity of role responsibilities, geographic location, performance, and working conditions.