Senior Manager, Real Estate

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

Job summary

Join a leading company in Canadian retail as a Senior Real Estate Manager. In this role, you will negotiate leases and develop relationships within the real estate sector, coordinating with various teams for successful store openings. Your expertise in commercial real estate will contribute to impactful growth opportunities for Shoppers Drug Mart and Lifemark across Central Canada.

Qualifications

• 5-7 years of experience in negotiation and commercial real estate.
• Excellent written and verbal communication skills.
• Proficient in PowerPoint and Excel for project summaries.

Responsibilities

• Evaluate and analyze new store locations in the retail sector.
• Negotiate real estate deals, including new building leases and renewals.
• Manage the lease renewal process and establish relationships with developers.

Skills

Negotiation

Communication

Problem-solving

Organizational skills

Team collaboration

Education

Post secondary education 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 is 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.

The opportunity:

We are currently seeking a Senior Real Estate Manager to work out of our Brampton Ontario office and reporting to the Senior Director of Real Estate. The Senior Manager of Real Estate is responsible for negotiations for new stores, expansions, relocations, and lease renewals within our vast Central Canada Shoppers Drug Mart and Lifemark portfolio. The position of Senior Manager consists of coordination between the different teams (market analytics, construction, legal services, operations and external consultants) involved in the development of the network. The work requires travel to all major markets within Central Canada.

Responsibilities:

• Evaluate and analyze new store locations and developments in the retail sector;
• Analyze the pro forma to determine the financial feasibility of new stores;
• Negotiate real estate deals including new building leases, lease terminations, and amending agreements;
• Negotiate lease rates for upcoming lease renewals;
• Manage the overall lease renewal process and tracking
• Establish and maintain relationships with developers and owners;
• Participate in the preparation of Real Estate Committee presentations;
• Present projects to the Real Estate Committee;
• Work directly with landlords and brokers to find new locations to meet the growth needs of Shoppers Drug Mart and Lifemark banners;
• Assist the store design, development and construction team to ensure that stores are opened on time;
• Support the Operating division real estate requirements for existing assets

Job Requirements:

• Post secondary education equivalent to a university degree in and/or college related diploma in real estate, or related field;
• Experience in the commercial real estate sector is required;
• Five to seven years of negotiation experience is required;
• Excellent written and verbal communication skills;
• Strong ability to work effectively with multiple teams;
• Strong problem-solving skills and organizational skills;
• Proficiency in PowerPoint and Excel with ability to summarize various real estate projects, create and organize charts/economic proformas including lease renewal tracking
• Excellent self-employed and self-employed.
• Access to a personal vehicle is required for this role - milage reimbursed through expense policy

Our commitment to Sustainability and Social Impact is an essential part of the way we do business, and we focus our attention on areas where we can have the greatest impact. Our approach to sustainability and social impact is based on three pillars – Environment, Sourcing and Community – and we are constantly looking for ways to demonstrate leadership in these important areas. Our CORE Values – Care, Ownership, Respect and Excellence – guide all our decision-making and come to life through our Blue Culture. We offer our colleagues progressive careers, comprehensive training, flexibility, and other competitive benefits – these are some of the many reasons why we are one of Canada’s Top Employers, Canada’s Best Diversity Employers, Canada’s Greenest Employers & Canada’s Top Employers for Young People.

If you are unsure whether your experience matches every requirement above, we encourage you to apply anyway. We are looking for varied perspectives which include diverse experiences that we can add to our team.

We have a long-standing focus on diversity, equity and inclusion because we know it will make our company a better place to work and shop. We are committed to creating accessible environments for our colleagues, candidates and customers. Requests for accommodation due to a disability (which may be visible or invisible, temporary or permanent) can be made at any stage of application and employment. We encourage candidates to make their accommodation needs known so that we can provide equitable opportunities.

Please Note:
Candidates who are 18 years or older are required to complete a criminal background check. Details will be provided through the application process.

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