Specialty Leasing Manager

Federal Realty Investment Trust; San Jose (CA); On-site; USD 150,000 - 170,000; Full time

Job summary

A prominent real estate investment firm located in San Jose, California, is looking for a Specialty Leasing Manager to oversee temporary leasing initiatives across the West Coast. The role demands a background in real estate leasing, excellent negotiation capabilities, and strong organizational skills. Candidates must possess a Bachelor’s degree and a demonstrated ability to communicate effectively with various stakeholders. The total compensation for this position ranges from $150,000 to $170,000 annually, encompassing both salary and bonuses. This dynamic position allows the candidate to impact revenue growth significantly.

Qualifications

• 3+ years of experience with a background in real estate leasing, commercial real estate leasing, or sales.
• Excellent understanding of the operation of the shopping center business.
• Demonstrated self-starter with excellent organization skills and goal orientation.

Responsibilities

• Prospect for potential tenants in all venues including local malls.
• Negotiate new leases, renewal agreements, and various other lease documents.
• Prepare and manage the assigned portfolio budget.

Skills

Real estate leasing

Negotiation

Cold calling

Communication skills

Organization

Education

Bachelor’s degree in a business related discipline

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

Federal Realty is a proven leader in the ownership, operation, and redevelopment of high quality retail real estate in the country's best markets. We believe we are one of the most innovative and dynamic real estate companies you can work for. Interested candidates who research Federal Realty hear a lot about the high quality shopping centers and the well-respected real estate team at our core, it's the smaller intangible things that can make working at Federal so satisfying. You see, while we're one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our shopping centers, we're really a very small company by most standards and we try to operate that way. That means that team members with initiative and ability can get involved in many facets of our business over the years. I encourage you to look us up on LinkedIn and follow Federal Realty Investment Trust.

Federal Realty is currently hiring for a Specialty Leasing Manager, to be based in San Jose, California, to facilitate the growth and development of a regional leasing program, overseeing the leasing process for temporary tenant space including in-line, vending, carts, parking lot events, signage and other forms of temporary income other than permanent leasing. Reporting to the Vice President, Business Development, this role is responsible for generating new revenue through temporary leasing and temporary deal making for multiple shopping centers within the West Coast region, by canvassing, cold-calling, and growing existing tenants, adding new concepts and meeting specific new business income goals through aggressive deal making.

Responsibilities

• Prospect for potential tenants in all venues including local malls, street retail and any forum that has the potential to yield new tenant opportunities. Success of the program and achieving results is directly related to a high level of prospecting and cold calls.
• Negotiate new leases, renewal agreements, and various other lease documents.
• Fill vacant retail spaces and the common area with revenue producing tenants and activities while maximizing rent.
• Prepare and manage the assigned portfolio budget, including monthly variance analysis preparation and forecasting.
• Work with the VP, Business Development to coordinate and facilitate set up of tenants and aspects of lease deals.
• Attend ICSC and other Retail or Specialty Leasing Conferences, as appropriate.
• Perform other duties and projects, as assigned.

Qualifications

• Bachelor’s degree in a business related discipline
• 3+ years of experience with a background in real estate leasing, commercial real estate leasing, or sales
• Excellent understanding of the operation of the shopping center business, as well as the local real estate market
• Must have the ability to analyze and evaluate tenancies throughout the designated portfolio and implement strategies to increase cash flow
• Proven ability to communicate openly and effectively with merchants, shopping center management, leasing and marketing building rapport and solid, constructive relationships
• Demonstrated self-starter with excellent organization skills, goal orientation, and flexibility with an attention to detail and strong follow-up
• Ability to work on the road the majority of the time
• Ability to travel throughout the West Coast portfolio understanding that success is derived from the amount of time spent prospecting for potential tenants
• Excellent negotiation, interpersonal communication and writing skills
• Demonstrated resourcefulness, persistence, and creativity with the proven ability to close deals
• Solid proficiency in Microsoft Excel, Word, and Outlook

Total Compensation Range: The typical total compensation range for this role is $150,000–$170,000 per year, inclusive of base salary and any applicable bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, and relevant qualifications.

Federal Realty Investment Trust is an Equal Opportunity / Affinitive Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, gender identity or expression, genetics, or protected Veteran status.

Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.

If you are unable to submit your application online, please call 301-998-8100.