Senior Manager, Real Estate Development - Central Division

Bridgestone US; United States; Remote; USD 100,000 - 140,000; Full time

Job summary

A leading company in the tire and auto service industry seeks a Senior Real Estate Manager to spearhead new store development across Texas. This remote role requires extensive experience in real estate transactions, strategic site selection, and collaboration with various stakeholders to meet the organization's growth objectives.

Benefits

Competitive pay

Performance incentives

Paid vacation and holidays

Healthcare benefits

401k plan

Diversity and inclusion initiatives

Qualifications

• 7 years of real estate experience in development and management.
• Advanced negotiation and financial skills.
• BS or BA required; MBA preferred.

Responsibilities

• Manage territory for new store site selection and execution.
• Negotiate contracts and manage 3rd party developers.
• Collaborate with construction and real estate teams.

Skills

Real estate development

Negotiation

Financial analysis

Presentation

Collaboration

Education

Bachelor's degree

MBA

Job description

Company Overview

Bridgestone Retail Operations (BSRO) is part of Bridgestone Americas and employs over 22,000 teammates in North America. BSRO operates more than 2,200 company-owned stores, including Firestone Complete Auto Care, Tires Plus and Wheel Works locations. With locations across North America and more than $3 billion in tire and auto service sales, Bridgestone Retail Operations is the right place to build a career.

Whatever role you fill, when you represent the Bridgestone name, you are a valued teammate, and part of our larger mission to “Serve Society with Superior Quality.” We start by offering each teammate more than just competitive pay. We provide formal training, performance incentives, paid vacation and holidays, competitive healthcare packages for full-time and part-time employees, and a 401k plan to help build towards your future.

We believe people can only provide superior service and quality to others when they are allowed to bring their whole self to work and know they are supported.We believe in championing all perspectives, individuals and teams because we understand the importance of seeing the world and our business through many different lenses. We are building a team as diverse as the world we serve. So,show us what you’re made of. Show us the smart stuff, the tough stuff, the bold, beautiful and brave stuff. Because who you are is what weneed.

Job Category Real Estate & Property Management Position Summary The Sr. Real Estate Manger is responsible for executing the new store development plan for primarily freestanding locations within an assigned geographical territory. This role is responsible for identifying new store opportunities that align with the organization’s strategic goals, meet or exceed investment return requirements, align with annual store growth targets, and managing a network of 3rd party developers and brokers in support of execution of these initiatives. The expectation is that this role will be a leader in all aspects of new store development for their region from site selection to grand opening including, but not limited to, site selection, contract negotiations, financial analysis, internal presentations and approvals, partnership with construction department, and serving as the primary manager of 3rd party developers and brokers to ensure execution standards are achieved.

Note : This is a remote position. Preference to be in Texas to support BSRO central division. Responsibilities

• Manage a defined territory that includes maintaining a strong market knowledge and an understanding of new store opportunity points, trends, competition, emerging markets, and other factors that drive informed real estate decisions

• Identify and acquire (whether through a BTS program, self-development, or acquisition) real estate for freestanding locations in trade areas that fit the organization’s profile for strategic growth which requires effective negotiation skills, advanced financial acumen, and the ability to effectively manage a broad network of developer and brokers.

• Work closely with construction department and development partners on all aspects of new site due diligence including interfacing with local jurisdiction throughout entitlement process

• Evaluate totality of new store investment to ensure financial return requirements are achieved including sales projection, land cost, building construction cost, site development cost, lease cost, goodwill, FF&E cost, etc…

• Fully negotiate all LOIs to achieve desired strategic outcomes and further partner with legal team to complete any required leases, purchase agreements and other related transactional documents, providing business direction and approval where necessary to complete transactions.

• Manage a network of 3rd party developers and brokers to support growth and financial targets

• Partner with environmental, health, and safety to identify and solve complex environmental matters that pertain to the completion of desired transactions.

• Prepare and present new store site packages for approval at Real Estate Committee

• Other responsibilities and duties as assigned by real estate leadership.

Minimum Qualifications

• At least 7 years of real estate experience focused on real estate development, transactional, and portfolio management
• · Advanced real estate technical knowledge, process knowledge, and experience with site selection and development for retail stores
• · Detailed knowledge of real estate transactional and contractual documents including leases, purchase agreements, due diligence,
• and construction contracts
• Ability to read and understand construction drawings and scope of work for tenant improvements
• Advanced financial acumen
• Strong industry network including developers, brokers, and major landlords / REITs.
• Proficient with preparing and presenting PowerPoint presentations to Sr. Leadership. Excellent verbal and written skills.
• Ability to collaborate and operate independently in a hybrid work environment with travel required 60% of time.
• Corporate experience within a real estate department for a national retailer (or similar) required
• ·Work effectively and professionally with attorneys, paralegals, brokers, and other internal and external partners
• · BS or BA required (business or real estate preferred); specialty real estate professional certifications, MBA, and/or JD a plus

What we offer

At Bridgestone, what really matters is to foster co-creation opportunities and empowering you to be creative and curious to make mobility safer, more efficient, and more sustainable for future generations. Whatever role you fill, when you represent Bridgestone, you are a valued teammate, and part of our larger mission to “Serve Society with Superior Quality”, for that, we offer you more than just a competitive compensation; we will provide you:

• A supportive and engaging onboarding experience to ensure a smooth transition into our team.
• The opportunity to develop and grow, through training and regular mentorship.
• Corporate Social Responsibility activities.
• A truly global, dynamic and challenging work environment.
• Agility and work/life effectiveness and your long-term well-being.
• A diverse and inclusive team.

Bridgestone is proud to be an Equal Employment Opportunity employer. It is our policy to consider for employment all individuals regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, gender, sex, sexual orientation, gender identity and/or expression, genetic information, veteran status, or any other characteristic protected by federal, state or local law.

Employment Eligibility

If hired, a Form I-9 Employment Eligibility Verification must be completed at the start of employment. Temporary work authorization or the need for sponsorship may disqualify you from employment.