Real Estate Manager, Texas

Five Below; Austin (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Five Below is seeking a Real Estate professional based in Texas to lead market planning and site selection for new store growth. You will coordinate with brokers, analysts, construction, and asset management to ensure timely store launches from site identification through opening and lifecycle management.

The role requires collaboration with legal counsel on lease negotiations, preparing detailed LOIs and presentation materials for REC meetings, and frequent travel within the assigned territory

Qualifications

• Bachelor’s or Master’s in business or real estate/finance preferred.
• 3+ years in retail real estate required.
• Experience with market planning, site selection and deal negotiation.

Responsibilities

• Execute a comprehensive strategic real estate market plan across assigned territory.
• Collaborate with brokers, analysts, construction, design, facilities, finance and asset management to launch stores.
• Oversee site selection for new locations and repositioning opportunities.
• Manage local brokers and mentor RE Coordinator.
• Prepare LOIs, site packages, and reports for REC meetings.
• Travel within territory to assess trade areas and market trends.

Education

Bachelor's or Master in Business Administration

Real estate/finance concentration

Job description

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!LOCATION: Candidates must be based in Texas with experience in this market.RESPONSIBILITIES:• Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory• Collaborate closely with local broker teams & Real Estate Senior Analyst to develop, refine and execute market plan• Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle• Responsible for site selection of new store locations and existing store repositioning opportunities• Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans• Manage/Mentor RE Coordinator partner - incorporating personal development plans, goal planning & promote exposure opportunities• Conduct field tours with key stakeholders of potential and existing locations• Work closely with legal counsel on all lease negotiations in assigned territory• Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning• Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting• Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory• Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities• Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories• Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners• Attend/represent Five Below at select Regional & National ICSC ConventionsQUALIFICATIONS:• Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred• 3+ years of experience in retail real estate field is required• 2+ years previous experience in market planning, site selection & deal negotiation• Must have working knowledge of regional retail markets, shopping centers & major developers with particular• Experience managing third party service providers, including master brokers, local market brokers and outside legal counsel• Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer• Strong negotiation and transaction management skills• Strong ability to work in an ambiguous environment, identify and solve problems, and manage change• Ability to recall information easily• Self-motivated with critical attention to detail and deadlines• Strong understanding of real estate practices and related legal principlesExplore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcomeFive Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/newBE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers