Retail Real Estate Manager — Expansion & Deals

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

Benefits offered by this job

Competitive earnings

Benefits: Medical, Dental, Vision

401(k) with company match

PTO

Life Insurance

Free Crunch Fitness membership

Discounted personal training

Growth opportunities

Job summary

CR Fitness Holdings, the #1 performing Crunch Fitness franchisee, seeks a Real Estate Manager to support expansion. Reporting to the Vice President of Real Estate, you will handle deal flow, site identification, and financial analysis, coordinating with internal teams to secure favorable terms.

The role requires evaluating markets, negotiating LOIs, and advancing opportunities from initial review to approval, with travel across assigned markets.

Qualifications

• Minimum 2 years of commercial real estate experience, preferably in retail.
• Experience in retail leasing, site selection, tenant representation, development, acquisitions, or 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 risks.
• Excellent communication, negotiation, and relationship-building skills.
• Highly organized with ability to manage multiple opportunities and priorities.
• Self-motivated, proactive, and comfortable working independently with senior leadership.
• Ability and willingness to travel throughout assigned markets.

Responsibilities

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

Skills

Retail real estate

Deal negotiation

Financial analysis

Site selection

LOIs

Relationship building

Education

Bachelor’s degree in Real Estate, Business, Finance, or related field

Job description

CR Fitness Holdings, the #1 performing Crunch Fitness franchisee, seeks a Real Estate Manager to support expansion. Reporting to the Vice President of Real Estate, you will handle deal flow, site identification, and financial analysis, coordinating with internal teams to secure favorable terms.

The role requires evaluating markets, negotiating LOIs, and advancing opportunities from initial review to approval, with travel across assigned markets.