Real Estate Manager

The Northwest Seaport Alliance; Tacoma (WA); On-site; USD 105,000 - 130,000; Full time

Job summary

The Northwest Seaport Alliance seeks a property manager to handle leasing, lease development, and property/lease management for Alliance properties across the North Harbor in Seattle and the South Harbor in Tacoma. Under the Sr.

Director, NWSA Real Estate, you will be the primary contact for tenants, negotiate leases, analyze tenant finances, and draft documents while collaborating with legal, finance, real estate, and operations to maximize asset value and NOI.

Qualifications

• Bachelor’s degree in business, real estate, or a related field required.
• An additional four (4) years of relevant experience may substitute for a bachelor’s degree.
• Five (5) years of experience in commercial or industrial real estate leasing and property management or commercial real estate development is required.
• Experience involving Real Estate transactional experience related to the maritime business is preferred.

Responsibilities

• Act as central point of contact for assigned properties, tenants, and customers throughout the term of the lease, including lease negotiations and drafting of final lease documents.
• Collaborate with internal resources (legal, finance, real estate, accounting, project management, environmental, and engineering) to pursue opportunities and maximize asset utilization.
• Manage existing properties, oversee Tenant Improvement Projects and port construction, and interpret lease provisions related to maintenance and disputes.
• Prepare commission presentations for new leases, renewals, or amendments and coordinate with Public Affairs for events and inquiries.
• Coordinate with City/County staff on property agreements and attend regular meetings to resolve tenant issues and minimize impacts.

Job description

Anticipated hiring range is between $105,264 - $129,984 depending on qualifications.

Under the direction of the Sr. Director, NWSA Real Estate, this position is primarily responsible for implementing aspects of leasing, lease development and property/lease management of Alliance properties that are necessary to the success of the Northwest Seaport Alliance (“NWSA” or ”Alliance”). This is a property management position including leasing, lease development, and management of Alliance properties. This position will have responsibilities in both the North Harbor (Seattle) and the South Harbor (Tacoma).

• Act as central point of contact for assigned properties, tenants, and customers throughout the term of the lease. This includes initial contact, lease negotiations, tenant financial analysis, and the development and drafting of final lease documents and other related documents (e.g., licenses, hold harmless, and use agreements).
• Serve as point of contact for tenant and customer concerns and questions with the ability to address basic term lease questions and other property management issues. Collaborate with internal resources (e.g., legal, finance, real estate, accounting, project management, environmental, and engineering) in order to pursue business opportunities and to maximize asset utilization to create value, revenue, and profit. Assist in maximizing net operating income by managing expenses, negotiating agreements that include the appropriate allocation of responsibility (NWSA v. tenant) for facility and equipment maintenance, and developing cost containment/reduction strategy recommendations. Develop and manage annual lease revenue and expense budgets and long-range forecasts in coordination with the Finance department. Analyze and evaluate property appraisals and reports.
• Manage existing assigned Alliance properties on an ongoing basis. Facilitate discussions with stakeholders (tenants, staff, public, and governmental agencies) to resolve issues and to retain existing tenant base. Oversee Tenant Improvement Projects and/or Port construction projects by acting as a project manager when assigned. Responsible for interpreting lease provisions including those relating to maintenance/repair responsibility and work as a liaison between tenants and homeport maintenance to resolve disputes. Meet and communicate regularly with Alliance staff to ensure all rents are current, billing disputes, and late payments are handled per policy. Ensure default notices and unlawful detainer notices are processed when necessary.
• Work with the Sr. Director, NWSA Real Estate, to make Commission presentations for new leases, lease renewals, or lease amendments. Collaborate with Public Affairs staff on special events, public inquiries, and concerns related to assigned portfolio.
• Under the direction of the Sr. Director, NWSA Real Estate, work with local City and County staff on property agreements, including street vacations, utility easements, and street use agreements.
• Attend regular meetings with Business Development, Operations, and Environmental staff to share information, streamline processes, resolve tenant issues, evaluate the impact to tenants, and coordinate communications and reduce impacts to terminal operators or tenants.
  

Bachelor’s degree in business, real estate, or a related field required. An additional four (4) years of relevant experience may substitute for a bachelor’s degree.

Five (5) years of experience in commercial or industrial real estate leasing and property management or commercial real estate development is required. Experience involving Real Estate transactional experience related to the maritime business is preferred.

Anticipated hiring range is between $105,264 - $129,984 depending on qualifications.

Under the direction of the Sr. Director, NWSA Real Estate, this position is primarily responsible for implementing aspects of leasing, lease development and property/lease management of Alliance properties that are necessary to the success of the Northwest Seaport Alliance (“NWSA” or ”Alliance”). This is a property management position including leasing, lease development, and management of Alliance properties. This position will have responsibilities in both the North Harbor (Seattle) and the South Harbor (Tacoma).

• Act as central point of contact for assigned properties, tenants, and customers throughout the term of the lease. This includes initial contact, lease negotiations, tenant financial analysis, and the development and drafting of final lease documents and other related documents (e.g., licenses, hold harmless, and use agreements).
• Serve as point of contact for tenant and customer concerns and questions with the ability to address basic term lease questions and other property management issues. Collaborate with internal resources (e.g., legal, finance, real estate, accounting, project management, environmental, and engineering) in order to pursue business opportunities and to maximize asset utilization to create value, revenue, and profit. Assist in maximizing net operating income by managing expenses, negotiating agreements that include the appropriate allocation of responsibility (NWSA v. tenant) for facility and equipment maintenance, and developing cost containment/reduction strategy recommendations. Develop and manage annual lease revenue and expense budgets and long-range forecasts in coordination with the Finance department. Analyze and evaluate property appraisals and reports.
• Manage existing assigned Alliance properties on an ongoing basis. Facilitate discussions with stakeholders (tenants, staff, public, and governmental agencies) to resolve issues and to retain existing tenant base. Oversee Tenant Improvement Projects and/or Port construction projects by acting as a project manager when assigned. Responsible for interpreting lease provisions including those relating to maintenance/repair responsibility and work as a liaison between tenants and homeport maintenance to resolve disputes. Meet and communicate regularly with Alliance staff to ensure all rents are current, billing disputes, and late payments are handled per policy. Ensure default notices and unlawful detainer notices are processed when necessary.
• Work with the Sr. Director, NWSA Real Estate, to make Commission presentations for new leases, lease renewals, or lease amendments. Collaborate with Public Affairs staff on special events, public inquiries, and concerns related to assigned portfolio.
• Under the direction of the Sr. Director, NWSA Real Estate, work with local City and County staff on property agreements, including street vacations, utility easements, and street use agreements.
• Attend regular meetings with Business Development, Operations, and Environmental staff to share information, streamline processes, resolve tenant issues, evaluate the impact to tenants, and coordinate communications and reduce impacts to terminal operators or tenants.
  

Bachelor’s degree in business, real estate, or a related field required. An additional four (4) years of relevant experience may substitute for a bachelor’s degree.

Five (5) years of experience in commercial or industrial real estate leasing and property management or commercial real estate development is required. Experience involving Real Estate transactional experience related to the maritime business is preferred.

Requires a valid driver’s license and acceptable driving record, to operate Port/NWSA vehicles, travel between work sites, attend off-site meetings and/or events, and perform essential job functions.
Has working knowledge of the local and national commercial/industrial real estate market. Knowledge of current real estate market values and key metrics and ability to incorporate industry trends into recommendations for business plans, property offerings and lease negotiations. Good understanding of real estate principles and concepts and basic knowledge of Real Estate Law as it pertains to leases, easements, licenses, property acquisition (purchase, sales, and exchanges) and related use agreements. Knowledge of Port Real Estate Policies and Procedures is preferred.Ability to work independently using critical thinking and problem-solving skills recognizing when to seek Director, legal and other departmental assistance. Ability to interact with customers and staff at all levels of an organization. Basic negotiation and financial analysis skills. Good communication and presentation skills. Proficiency in computer software programs including word, spreadsheet, presentation software. Ability to implement and negotiate multiple leases and/or projects concurrently and work effectively, courteously in high pressure situations related to simultaneous deadlines. Ability to read and understand construction drawings, Kroll Maps, site plans and legal descriptions required. Working knowledge of building mechanical systems (HVAC, electrical, elevators, roofing systems, fire, and plumbing). Ethical and recognized as having integrity.