Associate Leasing Representative

WS Development; United States; On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

Annual bonus program

Job summary

WS Development is looking for a Leasing Associate to support the leasing team. You will be responsible for establishing relationships with tenants and managing lease transactions to maximize leasing potential across the shopping center portfolio.

This role involves market analysis, effective communication, and understanding both landlord and tenant perspectives. Candidates should be organized, detail-oriented, and have a professional demeanor. A Bachelor's degree and some experience in leasing are required for this role.

Qualifications

• Bachelor's degree required.
• 0 to 2 years of experience in leasing or real estate preferred.
• Strong cold calling and canvassing skills.

Responsibilities

• Analyze and implement leasing strategies for shopping centers.
• Negotiate and document lease transactions.
• Compile market analyses and define rental rates.

Skills

Cold calling and canvassing

Time management

Microsoft Office proficiency

Communication skills

Negotiation skills

Market analysis

Education

Bachelor's degree

Tools

Salesforce

MRI property management software

Job description

We expect every WS employee to feel welcomed and valued irrespective of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, marital status, parental status, cultural background and life experiences. Or for any other reason.

Overview

Work with senior leasing team members to maximize the leasing potential of the Company's portfolio by analyzing, planning, and implementing leasing strategy to attain the financial and tenant mix objectives of shopping center ownership. Represent the Company to existing and prospective tenants, brokers, and other outside contacts in a positive and professional manner.

What to expect

• Understand the key characteristics of the Company’s portfolio. Thoroughly understand and continually reassess characteristics of assigned shopping centers, including physical condition, demographic composition, market rental rates, co-tenancy, trade area competition and traffic patterns.
• Compile, document and use data to target, attract and finalize leases with appropriate tenants by convincingly presenting benefits of the Company shopping centers.
• Support and document the identification, qualification, origination, and negotiation terms and conditions of new and renewal retail lease transactions. Work closely with tenant representatives, attorneys and brokers, following through to completion of the final lease document.
• Pursue national, regional and local tenants within the targeted use categories via regular and systematic canvassing, cold calling, and networking
• Identify, qualify, originate, and negotiate terms and conditions of new and renewal retail lease transactions, generally under 40,000 s.f., for in-line and freestanding units within the Company's shopping center portfolio. Work closely with tenant representatives, attorneys and brokers, following through to completion of the final lease document.
• With the guidance of the senior leasing professional,
  • Identify, qualify, originate, and negotiate terms and conditions of new and renewal retail lease transactions, generally under 40,000 s.f., for in-line and freestanding units within the Company's shopping center portfolio. Work closely with tenant representatives, attorneys and brokers, following through to completion of the final lease document.
  • Provide budget re/forecast information to ensure that the budget realistically reflects projected leasing activity.
  • Negotiate commission agreements with outside brokers, obtaining approval of ownership as necessary.
  • Facilitate the coordination and negotiation of initial tenant and landlord construction requirements with tenants and the Company tenant construction coordinator and/or development department.
  • Document and maintain the confidentiality of records, contracts, files, correspondence and all leasing matters in which this position is involved.
  • Attend ICSC convention meetings to develop and maintain tenant contacts and promote leasing opportunities.

Immediate Opportunity/Initial Success

• Success is indicated by lease transactions completed in support of senior leasing team members, measured in terms of:
  • quantity (square footage leased, rental revenue generated, commission income produced, and number of transactions completed);
  • quality (financial/operational strength and long-term viability of tenant, return on investment, terms and conditions of lease satisfactory to ownership, and tenant mix);
  • effort (work ethic, tenacity, initiative, resourcefulness, flexibility and commitment to improving leasing results).
• Understand terms and conditions of the lease document from the perspectives of both landlord and tenant. Competently negotiate and document various fallback positions to the form document.
• Exercise foresight in evaluating leasing situations and predetermining alternate courses of action.
• Earn the respect of co-workers and the retail tenant, brokerage and development communities as someone who is knowledgeable and responsive and who consistently maintains integrity, credibility and confidentiality in business interactions.

Potential for Growth/Longer Term Success

As you continue to learn the leasing landscape, there is an opportunity to be promoted into the Leasing Representative role with responsibility for leasing specific centers within the WS portfolio. You will be able to develop a network both in and outside of WS where you will have the opportunity to become a trusted resource across a wide range of areas and stakeholders.

Qualifications

• Bachelor’s degree with 0 to 2 years of experience
• Proven ability to canvass, cold call and qualify prospective regional and local area tenants.
• Efficient organizational administrative and time management skills are required. Must be skilled at juggling multiple priorities.
• Advanced level Microsoft Office skills (Word, Outlook, Excel), Salesforce and MRI (property management software) are a plus.
• Ability to prepare market analysis, define market rental rates, and determine ideal tenant mix.
• Excellent verbal and written communication skills are essential. Ability to articulate detailed, formal proposals to seasoned real estate executives and attorneys as well as discuss key business terms with local "mom and pop" tenants. Ability to work effectively with a variety of personalities and work styles while projecting a calm, efficient, and professional manner.
• Tenacity, integrity and professional business demeanor.
• Possess a desire and necessity to travel and get in front of tenants around the country to drive and expedite deals.

The expected salary range for this position is $65,000 - $75,000 per year. Actual compensation will be based on factors such as skills, qualifications, experience, and location. This role is also eligible to participate in our annual bonus program.