SENIOR MANAGER REAL ESTATE

Catalyst Brands; Dallas (TX); On-site; USD 97,200 - 162,000; Full time

Job summary

JCPenney is seeking a Real Estate Senior Manager to oversee real estate activities related to new store development and the existing portfolio in Dallas, Texas. The candidate should have over 6 years of experience in negotiating retail leases and complex agreements. Responsibilities include strategic planning and collaborating with management to present proposals. The role requires strong leadership and negotiation skills. The salary range is USD $97,200.00 - $162,000.00 annually.

Qualifications

• 6+ years of experience in negotiating retail leases and related real estate documents.
• Prior site development experience preferred.
• Ability to understand and negotiate complex agreements.

Responsibilities

• Responsible for all real estate activities related to new store development.
• Leads development of long‑range strategic real estate plans with senior management.
• Creates reports and tracks all site development projects.

Skills

Negotiation Skills

Leadership

Financial Analysis

Strategic Planning

Education

College degree in finance, accounting, business administration, architecture/engineering or relevant field

Law degree or MBA

Tools

Microsoft Office

Lucernex (lease administration software)

Job description

Overview

The Real Estate Senior Manager will report to the VP of Real Estate. This role is responsible for reviewing and negotiating all real estate and site development opportunities, including REA amendments, development consents, leases and real estate sales. Along with directing and managing the Company’s existing real estate asset portfolio and real estate corporate strategy objectives, this role will collaborate with direct leadership and key senior leadership when negotiating high‑profile and complex real estate transactions and related agreements, ensuring protection of Company’s interests.

Responsibilities

• Responsible for all real estate activities related to new store development and the existing portfolio, including site selection, negotiations, legal documentation, due diligence, and market research.
• Leads and participates in the development of long‑range strategic real estate plans with VP – Real Estate and senior management.
• In collaboration with Finance and Area Research, coordinates the development of appropriate materials and support information for monthly Real Estate Committee meetings and presents real‑estate proposals to the senior leadership team as well as ownership for approval.
• Creates and maintains appropriate reports, schedules, etc. to ensure that critical action dates are met for the protection of the Company’s real‑estate assets, and tracks all site development projects and land sale opportunities.
• Collaborates with store/field operations in relationships with landlords and developers, new market and store development and advises them on real‑estate matters.
• Collaborates with the Legal department in negotiation of all lease and property documents, including new store leases, lease amendments, REA amendments, consent agreements, purchase/sale agreements, etc., ensuring compliance with the proposed business terms.
• Coordinates with Store Construction to obtain store modernization cost estimates, new store cost estimates, and advice regarding physical aspects of site and store layout.
• Collaborates with Lease Administration to resolve property management or lease issues with landlords.
• Collab. with Finance partners to develop new store proformas, relocation/downsize proformas, and financial analysis for lease renewals, store closing, store buyouts, etc.
• Leads the process to assess, negotiate and contract for IBO and warehouse space as needed.

Qualifications

• 6+ years of experience in negotiating retail LOI’s and leases, Reciprocal Easement Agreements, and related real estate documents; prior site development experience preferred.
• Proficiency in Microsoft Office and ability to learn latest programs. Experience with Lucernex (lease administration software) preferred.
• College degree in finance, accounting, business administration, architecture/engineering or other relevant subject area. Law degree or MBA highly desirable.
• Strong leadership, strategic, management, negotiation, and execution skills.
• Ability to understand and negotiate complex business and legal agreements, perform basic financial analysis, work with senior management, and possess oral and written communications, critical thinking and negotiating skills.

Pay Range

USD $97,200.00 - $162,000.00 /Yr.