Portfolio Manager, Real Estate

AbbVie Inc.; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

401(k) plan

Medical/dental/vision insurance

Paid time off

Job summary

AbbVie Inc. in Chicago is seeking a Portfolio Manager, Real Estate to report to the Director of Real Estate and coordinate complex global commercial real estate transactions, including new leases, renewals, subleases, expansions, and dispositions.

You will work with internal partners and external providers to prepare business cases, market surveys, RFPs, and financial analyses while aligning real estate with business objectives and supporting mergers, acquisitions, and lease administration as

Qualifications

• Bachelor’s Degree in Real Estate or Finance (MBA preferred).
• 7–10 years of negotiating commercial leases.
• Proven success in leading real estate transactions in the Americas.
• Strategic thinker with the ability to translate business needs into actionable real estate plans.

Responsibilities

• Deliver real estate projects in the Americas region and manage complex transactions.
• Collaborate with Global Facility Planning, Business Units, Finance, Legal, Risk, Tax, and Government Affairs.
• Align real estate outcomes with business objectives and provide guidance to leadership.
• Coordinate external service providers and ensure deliverables: market surveys, RFPs, financial analysis.
• Review and negotiate commercial lease documents.
• Execute complex global real estate transactions balancing cost, flexibility and business needs.
• Develop internal relationships with leaders and third-party vendors.
• Track critical dates for planning, site selection, negotiations, approvals.
• Prepare and present senior leadership documents with strategic recommendations.
• Assist with mergers and acquisitions and lease administration.
• Attend IL / Lake County as required.

Skills

Negotiation

Stakeholder management

Strategic thinking

Financial analysis

Communication

Education

Bachelor's Degree in Real Estate or Finance

MBA preferred

Job description

Company Description

About AbbVie

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.

Job Description

The Portfolio Manager, Real Estate will report to the Director of Real Estate and will partner with internal / external stakeholders to manage, negotiate, and coordinate complex global commercial real estate transactions, including but not limited to new leases, lease renewals, subleases, expansions, terminations, acquisitions and dispositions.

Responsibilities

• Accountability for the successful delivery of real estate projects in the Americas Region or as otherwise assigned.
• Collaborate with internal stakeholders, including but not limited to: Global Facility Planning and Engineering, Business Units, Finance, Legal, Risk Management, Tax, Government Affairs to ensure alignment of real estate and planning initiatives.
• Align real estate outcomes with business objectives in partnership with internal partners and provide clear guidance to leadership.
• Work with external real estate service provider to ensure standardization, consistency and accuracy of deliverables including but not limited to: business case preparation, market survey, tour book, RFP, negotiation tracker, financial analysis, status reports, commission report and close out documentation.
• Review/negotiation commercial lease documents.
• Execute complex global real estate transaction that balance cost, flexibility and business needs. Transactions will include acquisitions (new leases, subleases, expansions, renewals, purchases, etc.) as well as dispositions that optimizes maximum value (subleases, buyouts, sales, etc.)
• Develop and maintain strong internal relationships with business leaders, cross-functional team leads and third party vendors (Brokers, Landlords, Service Providers, Legal, Risk Management, Tax, etc.)
• Track critical dates to ensure ample planning, site selection, negotiations and internal approval timelines are met.
• Prepare and present senior leadership level documents that articulate strategic recommendations, financial analyses, and operational impacts to facilitate informed decision-making and organizational alignment.
• Assist with merger and acquisitions as needed.
• Assist with Lease Administration as needed.
• Other real estate departmental activities as assigned.
• IL / Lake County attendance required

Qualifications

• Bachelor’s Degree in Real Estate or Finance (MBA preferred)
• 7 – 10 years of negotiating commercial leases
• Proven success in leading real estate transactions in the Americas
• Strategic thinker with the ability to translate business needs into actionable real estate plans

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:

• The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
• This job is eligible to participate in our short-term incentive programs.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employer remains in the Company's sole and absolute discretion until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html

US & Puerto Rico applicants seeking a reasonable accommodation, learn more: https://www.abbvie.com/join-us/reasonable-accommodations.html