Manager, Real Estate

Chipotle Mexican Grill; Oak Brook (IL); On-site; USD 121,000 - 171,000; Full time

Job summary

Chipotle Mexican Grill is seeking a Regional Real Estate Manager to lead development within your geography. You will supervise projects from market analysis through to restaurant openings, managing internal teams and external brokers.

You will negotiate terms, conduct market research, present to the ELT, and drive multi-year plans with Operations. The role requires travel, strong leadership, and a track record in fast-casual real estate.

Qualifications

• BA/BS or equivalent in real estate, finance, or GIS.
• Real Estate & Finance degree preferred.
• 5–8 years of field experience.
• Minimum of five years of experience with successful QSR real estate site selection in the designated region.
• Able to effectively manage people.
• Excellent written and verbal communication skills.

Responsibilities

• Manage 20+ new real estate projects per year from site approval to opening, expediting phases and minimizing risks.
• Negotiate leases with landlords and coordinate with attorneys on contract status.
• Perform formal and informal market research to identify site opportunities and align with trade area priorities.
• Lead Triad team members (design & construction) as required by the business.
• Oversee broker relationships including site prioritization, negotiation guidance and tour reporting.
• Deliver exec-level presentations to gain approval for new restaurant deals; organize market tours with senior leadership.
• Develop regional/market plans with Operations and present at cross-functional meetings.
• Provide direction on rezoning, variances, and other development issues.
• Represent Chipotle at industry events to stay abreast of real estate developments.

Skills

Real estate knowledge

People management

MS Office

Communication skills

Organizational skills

Travel availability

Education

BA/BS or equivalent in real estate/finance/GIS

Real Estate & Finance degree preferred

Tools

MS Office Suite

GIS software

Job description

CULTIVATE A BETTER WORLD

Food served fast does not have to be a typical fast-food experience. Chipotle has always done things differently, both in and out of our restaurants. We are changing the face of fast food, starting conversations, and directly supporting efforts to shift the future of farming and food. We hope you will join us as we continue to learn, evolve, and shape what comes next on our mission to make better food accessible to everyone.

THE OPPORTUNITY

The REM is a leader within the broader Development team. The REM will establish and execute a real estate development plan in their designated geography. They are a person who has the confidence of management to develop people, manage other members of the Triad in addition to outside brokers and consultants and demonstrates the strategic thinking that is needed to continue to grow at Chipotle. The REM is responsible for supervising the project from identifying the real estate project to opening of the restaurant.

What You’ll Do

• Manage more than 20 new real estate projects each year while working with other members of the Triad in overseeing projects from REAT approval to opening, ensure all phases of projects are expedited and risks minimized, controlling the critical path of all transactions.
• Negotiate business terms and conditions of contracts with a variety of landlords from small investors to REITs while maintaining on-going communication with attorneys on contract status. Demonstrates a strong understanding of economic implications of all negotiated terms. Oversee and manage each deal from initial market plan through LOI to opening.
• Perform market research, both formal & informal, to assess real estate site opportunities while ensuring alignment with Development Director on trade area priorities. Ensure all real estate data in Chipotle’s project management system is up to date and accurate.
• Triad leader overseeing work of other Dev team members (design & construction) as required by the business.
• Oversee and manage numerous broker relationships including site prioritization, negotiation guidance and related site tour reporting.
• Deliver executive level presentations to Chipotle’s real estate ELT sub-committee to gain approval for proposed new restaurant deals.Prior to executive approval, organize and present market tours with the CDO, Development Director and Operations leadership.
• Manage and develop a regional and market level plan by collaborating with Operations leadership.A market plan encompasses a multi-year outlook for existing and new restaurant development. Present plans annually at the cross functional Market Planning meetings. Maintain close communications with Operations partners throughout the new store development process.
• Provide necessary direction & support for issues related to re-zoning, variances, and other technical real estate development issues.
• Represent Chipotle in industry settings, such as local/regional/national ICSC events; stay abreast of real estate issues and developments within the REM's region and within the industry.

What You’ll Bring To The Table

• BA/BS or an equivalent in education and experience in real estate, finance, or GIS
• Real Estate & Finance Degree Preferred
• 5-8 Years of experience in field
• Minimum of five (5) years of experience with successful QSR real estate site selection in the designated region
• Able to effectively manage people.
• Expert knowledge of and ability to use a PC and MS Office Suite.
• Have excellent written & verbal communication skills.
• Can work in a fast-paced, team-oriented environment.
• Be highly organized and able to multi-task.
• Able to work independently with attention to detail, accuracy, documentation and follow-thru.
• Moderate overnight travel, heavy travel within territory

PAY TRANSPARENCY

A reasonable estimate of the current base pay range for this position is $121,000.00–$170,500.00. You are also eligible for annual cash bonuses and equity awards based upon performance and other factors. Actual compensation offered may vary depending on skill level, experience, and/or education. Chipotle offers a competitive total rewards package, which includes medical, dental, and vision insurance, 401k, sick leave, vacation time, and much more. Visit https://jobs.chipotle.com/benefits for more details.

Who We Are

Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle has restaurants in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. With employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit WWW.CHIPOTLE.COM

Chipotle Mexican Grill is an equal opportunity employer that values diversity at all levels. As a people-first company rooted in values, our purpose extends beyond serving nutritious food using real ingredients. It means hiring world-class individuals and fostering a culture that champions diversity, ensures equity, and celebrates inclusion. All qualified applicants, regardless of personal characteristics, are encouraged to apply.

Qualified applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and/or certain state or local laws. Please contact [e-mail] if you need an accommodation due to a disability to complete an application, job interview, and/or to otherwise participate in the hiring process. This email does not respond to non-accommodations related requests.