Real Estate Manager, Texas

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

Benefits offered by this job

Benefits program

Job summary

Five Below Inc in the United States seeks a strategic Real Estate Market Planner to drive end-to-end real estate lifecycle planning for an assigned territory. You will partner with local broker teams, senior analysts, and cross-functional partners to identify sites, manage LOIs, and support new store openings from site selection through launch.

Candidates should have a Bachelor’s or Master’s in business, real estate, or finance and at least 3 years in retail real estate, including deal

Qualifications

• Bachelor’s or Master’s in Business Administration or real estate/finance concentration preferred.
• 3+ years of experience in retail real estate field.
• 2+ years experience in market planning, site selection & deal negotiation.
• Knowledge of regional retail markets, shopping centers & major developers.
• Experience managing third party brokers and outside counsel.
• Strong negotiation, presentation, analytical, and problem-solving skills.
• Ability to work in ambiguous environments with change.

Responsibilities

• Execute a comprehensive and strategic real estate market plan for the assigned territory.
• Collaborate with local broker teams and Real Estate Senior Analyst to refine market plans.
• Collaborate with construction, design, facilities, finance and asset management to ensure successful store launch from site identification to opening.
• Site selection of new store locations and existing store repositioning opportunities.
• Manage/Mentor RE Coordinator and develop personal development plans, goal setting & exposure opportunities.
• Prepare LOIs and site approval packages for presentation at monthly Real Estate Committee meetings.
• Frequent travel to/within assigned territory to understand retail trade areas, demographics, and market shifts.

Skills

Negotiation

Market planning

Real estate

Communication

Analytical

Education

Bachelor’s or Master’s 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.

Five Below is a leading growth retailer offering trend-right, extreme value, high-quality products loved by the kid and the kid in all of us. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced between $1 and $5 and some extreme-value items priced beyond $5, Five Below makes it easy to say YES! to the newest, coolest stuff across awesome Five Below worlds: Candy, Style, Party, Room, Create, Tech, Sports, and New & Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 1,900 stores in 46 states.