Real Estate Manager, Texas

Five Below; Texas; On-site; USD 85,000 - 140,000; Full time

Benefits offered by this job

Equal Opportunity Employer

Disability accommodations

Job summary

Five Below is seeking a Real Estate Manager based in Texas to lead strategic market plans and site selection for new stores and relocations. You will partner with brokers, analysts, and cross-functional teams to execute deals, manage LOIs, and drive aggressive growth while traveling within the territory.

Strong negotiation, market knowledge, and communication skills are essential to succeed in a fast-paced retail environment.

Qualifications

• Bachelor’s or Master’s degree in business administration or real estate/finance preferred.
• 3+ years of experience in retail real estate.
• 2+ years in market planning, site selection & deal negotiation.
• Working knowledge of regional retail markets, shopping centers & major developers.

Responsibilities

• Develop and implement a comprehensive real estate market plan for the assigned territory.
• Collaborate with local broker teams and Senior Analyst to refine and execute the market plan.
• Coordinate with construction, design, facilities, finance and asset management for store launches and lifecycle.
• Lead site selection for new stores and repositioning opportunities.
• Manage local broker teams to meet growth standards and oversee RE Coordinator development.
• Conduct field tours and present LOIs and site submittals to the REC.
• Negotiate leases with legal counsel and manage LOI/lease pipelines.
• Travel within territory to stay aligned with market dynamics and opportunities.

Skills

Negotiation

Market planning

Real estate knowledge

Communication

Analytical

Presentation

Problem-solving

Detail-oriented

Education

Bachelor’s Degree in Business Administration or real estate/finance

Master’s Degree in Business Administration or real estate/finance

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 Conventions

Qualifications

• 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 principles

Explore 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/welcome

Five 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/new