Real Estate Manager

Crunch Fitness CR Fitness Holdings, LLC; Phoenix (AZ); On-site; USD 99,000 - 126,000; Full time

Benefits offered by this job

Salary + Bonus

Medical, Dental, Vision

401(k) Match

PTO

Life Insurance

Crunch Fitness Membership

Discounted Training

Growth Opportunities

Job summary

CR Fitness Holdings, LLC, the #1 Crunch Fitness franchisee, is seeking a highly motivated Real Estate Manager to support expansion efforts. Reporting to the VP of Real Estate, you will manage deal flow, site identification and evaluation, financial analysis, and preliminary negotiations to prepare opportunities for senior leadership.

This hands-on role requires strong retail CRE knowledge, relationship-building with brokers and landlords, and the ability to travel across markets.

Qualifications

• Minimum of 2 years of commercial real estate experience, preferably within retail.
• Experience in retail leasing, site selection, tenant representation, development, acquisitions, or a similar capacity.
• Strong understanding of retail properties, shopping centers, lease structures, and site selection factors.
• Experience with LOIs and commercial real estate negotiations.
• Strong financial and analytical skills to evaluate deal economics and risk.
• Excellent communication, negotiation, and relationship-building abilities.

Responsibilities

• Manage the real estate pipeline across multiple markets and identify qualified opportunities.
• Source, review, and evaluate prospective locations based on priorities and site criteria.
• Evaluate demographics, traffic, visibility, parking, co-tenancy, competition, and trade areas.
• Review site plans, aerials, demographic reports, and market information.
• Conduct preliminary due diligence related to zoning, access, parking, signage, use restrictions.
• Coordinate and participate in market visits and site tours.
• Evaluate deal economics, including rent, TI allowances, free rent, lease terms, and costs.
• Prepare deal summaries and recommendations for VP Real Estate and senior leadership.
• Lead preliminary LOI discussions and negotiate key business terms.
• Partner with the VP of Real Estate on negotiation strategy and deal parameters.
• Coordinate with Legal, Finance, Construction, Design, Operations and other partners as deals progress.
• Develop and maintain relationships with retail brokers, landlords, developers, and other CRE professionals.
• Maintain momentum through the deal process toward approval and execution.

Skills

Financial analysis

Negotiation

Communication

Relationship building

Travel willingness

Independent worker

Education

Bachelor's degree in Real Estate or related field

Finance background preferred

Job description

CR Fitness Holdings, the #1 performing Crunch Fitness franchisee, is seeking a highly motivated and entrepreneurial Real Estate Manager to support our continued expansion. With 100 locations across six states and aggressive growth ahead, this is an exciting opportunity to play a key role in expanding our footprint.

Position Summary

Reporting directly to the Vice President of Real Estate, the Real Estate Manager will support the front end of the real estate process, including deal flow, site identification and evaluation, financial analysis, preliminary negotiations, and preparation of opportunities for senior-level approval.

This is a hands-on, deal-oriented role for someone who understands retail commercial real estate, enjoys evaluating opportunities and negotiating deals, and can effectively build relationships with brokers, landlords, developers, and internal partners.

Essential Duties & Responsibilities

• Manage the real estate pipeline across multiple geographic markets, identifying and advancing qualified opportunities.
• Source, review, and evaluate prospective locations based on established market priorities and site-selection criteria.
• Evaluate demographics, traffic, visibility, accessibility, parking, co-tenancy, competition, trade areas, and surrounding retail.
• Review site plans, aerials, demographic reports, and other relevant market information.
• Conduct preliminary due diligence related to zoning, access, parking, signage, use restrictions, and other potential site considerations.
• Coordinate and participate in market visits and site tours.
• Evaluate deal economics, including rent, tenant improvement allowances, free rent, lease terms, options, and anticipated construction costs.
• Prepare deal summaries and recommendations for review by the VP of Real Estate and senior leadership.
• Lead preliminary discussions and negotiations surrounding LOIs and key business terms.
• Partner with the VP of Real Estate on negotiation strategy and deal parameters.
• Coordinate with Legal, Finance, Construction, Design, Operations, and other internal partners as deals progress.
• Develop and maintain strong relationships with retail brokers, landlords, developers, and other commercial real estate professionals.
• Maintain momentum throughout the deal process and help move qualified opportunities from initial review toward approval and execution.

Qualifications

• Minimum of 2 years of commercial real estate experience, preferably within retail commercial real estate.
• Experience in retail leasing, site selection, tenant representation, development, acquisitions, or a similar capacity.
• Strong understanding of retail properties, shopping centers, commercial lease structures, and the factors that drive successful site selection.
• Experience with LOIs and commercial real estate negotiations.
• Strong financial and analytical skills with the ability to evaluate deal economics and identify potential risks.
• Excellent communication, negotiation, and relationship-building skills.
• Highly organized with the ability to manage multiple opportunities and priorities simultaneously.
• Self-motivated, proactive, and comfortable working independently while collaborating with senior leadership.
• Ability and willingness to travel throughout assigned markets.

Preferred Experience

• Experience with a national or regional retailer, restaurant, fitness operator, or other multi-unit concept.
• Tenant representation or retail leasing experience.
• Experience with second-generation retail and/or ground-up development.
• Bachelor’s degree in Real Estate, Business, Finance, or a related field preferred, but not required.

The Ways You Can Benefit

• Competitive Earning Potential (Salary + Bonus, approx. $99-$126K)
• Medical, Dental, and Vision Benefits
• 401(k) with Company Match
• Paid Time Off (PTO)
• Life Insurance & Short-Term Disability
• Free Crunch Fitness Membership
• Discounted Personal Training Sessions
• High-energy, team-focused environment
• Tremendous growth opportunity within a rapidly expanding company

About CR Fitness

CR Fitness is a leading franchisee of Crunch Fitness. The company is rapidly expanding its club footprint throughout Florida, Georgia, North Carolina, Texas, and Arizona and is led by a veteran management team with over one hundred years of combined experience in the fitness industry. With a comprehensive fitness offering and affordable price point, Crunch Fitness offers unmatched value to its members regardless of fitness level and is well positioned to take advantage of consumers’ increasing focus on health and wellness.

Crunch Fitness is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status.