Corporate Real Estate Transaction Manager

Arthur J. Gallagher & Co. (AJG); Rolling Meadows (IL); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Real Estate Transaction Manager, where you will play a pivotal role in managing portfolio leases and mergers. Your expertise will guide branch leadership in strategic real estate decisions, ensuring compliance with company policies. This role offers the opportunity to engage in financial analysis, collaborate with various teams, and facilitate real estate transactions across North America and LATAM. With a culture that values excellence and inclusion, you will thrive in a dynamic environment that empowers you to make impactful contributions while enjoying a comprehensive benefits package. If you are ready to take the next step in your career, this is the perfect opportunity for you.

Benefits

Medical/dental/vision plans

Life and accident insurance

401(K) and Roth options

Tax-advantaged accounts (HSA, FSA)

Educational expense reimbursement

Paid parental leave

Digital mental health services

Flexible work hours

Training programs

Charitable matching gift program

Qualifications

• Minimum 5 years of real estate experience required.
• Must be a licensed Real Estate broker.

Responsibilities

• Support evaluating renewal versus move options for branch offices.
• Assist in due diligence on real estate portfolios during acquisitions.

Skills

Analytical Thinking

Communication Skills

Negotiation Skills

Multi-tasking

Education

Bachelor's Degree

Tools

Excel

CoStar

Job description

Introduction

Welcome to Gallagher – a global leader in insurance, risk management, and consulting services. With a growing team of more than 52,000 professionals worldwide, we empower businesses, communities, and individuals to thrive. At Gallagher, you can build a career whether it’s with our brokerage division, our benefits and HR consulting division, or our corporate team. Experience The Gallagher Way, a culture fueled by shared values and a collective passion for excellence. Join one of our dynamic teams, where you'll play a pivotal role in shaping Gallagher's future and unlocking unparalleled opportunities for both clients and yourself.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

How you'll make an impact

Position Summary: The Real Estate Transaction Manager role will assist our Real Estate Team with a variety of tasks involved with portfolio leases management and merger and acquisition review in North America and LATAM. Geographic areas may expand in the future.

Essential Duties and Responsibilities:

The primary role of the transaction manager is to support the business in evaluating renewal versus move options for branch offices as well as to downsize offices with more seats than needed. Specific activities include:

Transaction Management:

1. Act as a primary point of contact for branch leadership related to assigned projects and lead kick-off meetings and subsequent conversations to develop and provide a recommended strategy based on alternatives reviewed which meet business needs and are compliant with Gallagher policies and economics.
2. Work with Gallagher’s preferred real estate broker to identify renewal, downsize, relocation, and consolidation alternatives to be evaluated.
3. Develop financial analysis and modeling for each of the proposed renewal/relocation options for any assigned real estate transactions. This requires knowledge of Gallagher financial systems, Corporate Real Estate templates, and CoStar.
4. Collaborate with Gallagher’s Corporate Real Estate Project Management team to ensure scope and programming requirements are implemented into test fits / space plans.
5. Interface with divisional CFOs to review financial decisions around the proposed real estate transaction and gain approvals. This includes writing approval memos summarizing the transaction and associated costs.
6. Act as a liaison between legal counsel, the external broker, and project manager to reconcile and resolve any outstanding issues in the lease.
7. Address ad hoc requests which can include but are not limited to employee-owned lease negotiations, organizing with Gallagher’s broker early terminations, buyouts, and subleasing.
8. Assist in creating the real estate annual strategic plan and updating the correlating tracking sheet for reporting purposes.

Mergers and Acquisitions: Gallagher historically completes a significant number of acquisitions each year. In conjunction with these acquisitions, the transaction manager is involved in due diligence on the real estate portfolios.

1. Working directly with Gallagher M&A leaders to perform required due diligence on the prospective acquisition target as soon as information becomes available in the data room.
2. Create a file with a list of all locations, address information, expiration dates, square footage, and projected annual costs.
3. Identify any nearby Gallagher offices and strategize potential consolidation opportunities considering both acquisition targets moving to Gallagher locations or vice versa.
4. In some acquisitions, the transaction manager will be called upon to help negotiate new leases with the seller if the seller owns the building.
5. If an acquisition target owns any real estate assets, determine whether Gallagher wants to purchase those assets.
6. Work with Gallagher IT to ensure connectivity and access control issues can be resolved for acquired companies before proposing combining the real estate.
7. Coordinate with the Gallagher Real Estate Attorney to ensure all assumed leases or new leases are in line with CFO expectations.
8. Identify existing office services relationships for acquisitions and coordinate with other Gallagher Procurement colleagues to ensure an efficient transition plan.

About You

Required:

1. Bachelor's degree and a minimum of 5 years real estate experience.
2. Must be a licensed Real Estate broker.

Preferred:

1. Strong Excel skills.

Behaviors:

1. Good analytical thinker, with strong communication and negotiation skills.
2. Must be well organized and able to multi-task.

Compensation and benefits

On top of a competitive salary, great teams, and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

1. Medical/dental/vision plans, which start from day one!
2. Life and accident insurance.
3. 401(K) and Roth options.
4. Tax-advantaged accounts (HSA, FSA).
5. Educational expense reimbursement.
6. Paid parental leave.

Other benefits include:

1. Digital mental health services (Talkspace).
2. Flexible work hours (availability varies by office and job function).
3. Training programs.
4. Gallagher Thrive program – elevating your health through challenges, workshops, and digital fitness programs for your overall wellbeing.
5. Charitable matching gift program.
6. And more...

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination based on protected characteristics.