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A leading real estate company in Toronto is seeking a Specialty Leasing Manager to drive revenue through innovative leasing strategies and effort to diversify property income. The ideal candidate will have a Provincial Real Estate License and strong business development skills. Responsibilities include prospecting for tenants, managing leasing agreements, and collaborating with marketing to identify sponsorship opportunities. Join a dynamic team committed to operational excellence and real estate management.
The Manager, Specialty Leasing I is accountable to General Manager I for increasing and diversifying property’s revenue streams by temporary leasing of the shopping center’s common areas, parking lot,vacant retail units, sponsorship, mall media, pop-up retail, storagespaceetc. whilemaintainingthe established imageof theproperty asa high qualityretailfacility.
Develops and implements a Specialty Leasing Business Plan and Temporary Leasing Program to increase and diversify revenue streams generated at the property. Identifies an optimal tenant mix and potential temporary to permanent conversion prospects.
Actively prospects (incl. cold calling, online prospecting and local travel) for third parties interested in temporary leasing opportunities both locally and regionally and performs various activities to successfully arrange for lease of space to a variety of parties incl. preparation, negotiation and execution of binding license agreements with temporary tenants, maintenance of specialty leasing database, collection of rent, coordination of move-in, set-up and move-out as well as monitoring of tenant’s ongoing operations and their adherence to effective lease provisions to ensure that the goals of the specialty leasing program are achieved. Maintains a robust database of clients, vendors, and new contacts to be used for generating business relationships.
Continuously explores and develops new revenue streams for the property through industry networking, professional development and learning about new innovative methodologies within the area of specialty leasing and analysis of best practices. Ensure compliance of all aspects of the Specialty Leasing program, shared national programs and temporary tenancies with company standards and policies.
Continually upgrades and monitors tenancies and their visual presentations as well as developing display standards for the shopping center to ensure high standards are in keeping with the mandate of the management team of the property. Work in collaboration with the Shopping Centre Operations department to maintain a solid knowledge of pertinent building information, fire codes and bylaws, environmental risks, and property management processes. Ensure that temporary tenants adhere to our design and signage criteria set out for the Specialty Leasing program in conjunction with the standards of the center and National Specialty Leasing Program.
In collaboration with the General Manager and National Director, Specialty Leasing develops an annual revenue and expense budget for specialty leasing activities at the property. Analyze financial reports and functions continuously including monitoring of collections and sales for temporary tenants. Ensure Specialty Leasing reports are reconciled and balanced monthly. The Specialty Leasing Manager has full responsibility for the financial performance of the program and operational duties.
Actively networks in the real estate industry to maintain an up-to-date knowledge of market trends, best practices, market conditions, new market opportunities, as well as regularly monitors competitor activity and other commercial retail developments. Develops and maintains positive relationships with local entrepreneurs, potential retailers and various parties within the industry. Represent the shopping center in the community to build collaborative external relationships with local business centers & other strategic business networks.
Coordinates efforts with Marketing to identify and capitalize on sponsorship revenue opportunities. Develops a fulfillment report for each sponsor to demonstrate the value and benefits received to encourage ongoing partnerships.
Develops and provide content to contribute to the national specialty leasing's B2B social media channels to promote the shopping center's SL program and seek new potential leads, including but not limited to: LinkedIn, Facebook and Instagram.
Any other job related duties and/or projects that may be assigned.
Morguard is a fully integrated real estate company. We own, manage and invest in high-quality, well-located, geographically diversified assets across North America. We have built our business with strong leadership and a proven management platform that have generated substantial, risk-adjusted returns – and significant long-term growth. With more than 40 years of experience and a dynamic team of 1,500 professionals, our commitment is to realize the potential of real estate through value creation and operational excellence. We are committed to providing accessible employment practices that are in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). If you require accommodation during any stage of the recruitment process, please notify Human Resources at hrassist@morguard.com or 905 281-5967.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.