CFT Associate Leasing Manager

Panda Restaurant Group Inc; Pasadena (CA); Hybrid; USD 90,000 - 127,000; Full time

Benefits offered by this job

Hybrid work schedule

401K with company match

Yearly bonus

Medical, dental, and vision insurance

On-site fitness center

Discounts at Panda restaurants, theme-

Paid time off starting at 15 days with

Education assistance

Income protection (Disability, Life, &

Bereavement leave

Job summary

Panda Restaurant Group, Inc. in Pasadena, CA is seeking a CFT Associate Leasing Manager to negotiate LOIs, leases and renewals, review tenant credit and business plans, and contribute to leasing strategy for development and existing properties.

You will build a network with national tenants, work with local brokers on rent comps, and prepare pro-formas and projections with the Sr. Real Estate Manager. The role offers a hybrid work schedule and a comprehensive benefits package.

Qualifications

• Bachelor's degree in Real Estate or Business or related field required.
• Minimum five years of real estate experience, preferably in the retail, office, and multifamily environment.
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.
• Annual store training is required if hired.

Responsibilities

• Negotiate LOIs, leases and renewals; review tenant credit, business plan and financials.
• Build a network with national tenants and work with brokers to determine rent comps and tenant mix.
• Negotiate tenant lease restructures, assignments, rent reductions and buy-outs.
• Develop understanding of land, construction costs, and rental income; assist in pro-forma projections.
• Coordinate with legal, property management, and other teams to resolve leasing conflicts.
• Monitor delinquent tenants and propose action plans with the property management team.
• Budget leasing projections annually.
• Prepare and present Pre-RESAC and RESAC presentations for new developments.

Skills

Negotiation

Real estate

Networking

Budgeting

Education

Bachelor's degree in Real Estate or Business or related field

Job description

Summary of Job Description:

The CFT Associate Leasing Manager position negotiates LOIs, leases and lease renewals and performs related activities. This position reviews tenant credit, business plan and business financials. The CFT Associate Leasing Manager also builds a network with national/regional tenants and works with local brokers to determine market rent comps and tenant mix.

You'll get a chance to:

• Independently negotiates LOIs, leases and lease renewals. Checks potential tenant credit, business plan, and business financials. Presents new leases and renewals at Leasing Approval Committee.
• Builds a network with national tenants. Works with local brokers to determine the market rent comps and appropriate tenant mix. Develops leasing strategies for new developments and existing properties. Attends ICSC Conferences and other related real estate conferences and events.
• Negotiates tenant lease restructures, assignments, rent reductions, and buy-outs.
• Develops an understanding of land, construction costs, and rental income. Works with design team to prepare layout studies. Assists Sr. Real Estate Manager with projecting pro-formas for leasing and development recommendations.
• Works with legal, property management, and other teams to resolve leasing conflicts.
• Coordinates with construction and property management to turn over space to tenants. Works closely with property management team to monitor delinquent tenants and recommend plans of action.
• Budgets leasing projections on a yearly basis.
• Prepares and presents Pre-RESAC and RESAC presentations for new developments.

How we reward you:

• Hybrid Work schedule
• 401K with company match
• Yearly bonus opportunity*
• Full medical, dental, and vision insurance *
• On-site fitness center, biometric screen, and flu shot clinic
• Discounts at Panda restaurants, theme parks, and gym memberships
• Paid time off starting at 15 days with 7 federal holidays*
• Continuous education assistance and scholarships*
• Income protection including Disability, Life and AD&D insurance*
• Bereavement leave*

*Benefits available for eligible permanent full time associates

Your background & experience:

• Bachelor's degree in Real Estate or Business or related field required
• Minimum five years of real estate experience, preferably in the retail, office, and multifamily environment
• Successful completion of initial and periodically required training
• Obtaining a valid Food Handler's Card within 30 days of employment is a requirement of this position.
• If hired, successful completion of annual store training

Pay Range:P3: $90,000 - $126,500 / Annual

* Within the range, individual pay is determined using various factors, including work location and experience.

#LI-Hybrid

Panda Strong since 1983:

Founded in Glendale, California, we are now the largest family-owned American Chinese Restaurant concept in America. With close to 2,800 locations globally, we continue our mission of delivering exceptional Asian dining experiences by building an organization where people are inspired to better their lives. Whether it's impacting our team or the communities we work in, we're proud to be an organization that embraces family values.

You're wanted here:

Panda Restaurant Group, Inc. is an Equal Opportunity Employer and is committed to providing equal opportunity, and does not discriminate on the basis of any characteristic protected by law, including but not limited to sex/gender (including pregnancy, childbirth, lactation and related conditions), gender expression, race, color, religion, national origin, sexual orientation, gender identity, disability, age, ancestry, medical condition, genetic information, marital status, and veteran status. Additionally, Panda Restaurant Group, Inc. complies with all federal, state, and local laws regarding requests for workplace accommodation.The Americans with Disabilities Act (ADA) prohibits discrimination against qualified individuals on the basis of disability.Applicants are entitled to reasonable accommodations, absent undue hardship, to effectively participate in the application and hiring process, for example, sign language interpreters.If you believe you require an accommodation for the application or interview process or for the position for which you are applying, please reach out to [e-mail].