Dvp, Real Estate
Dvp, Real Estate
THE DEPARTMENT:
The Real Estate division completes market research on potential sites and malls throughout the United States in order
to acquire new store sites for the company and renew existing, profitable location leases. After acquiring or renewing
sites the Real Estate division administers all of the leases and performs all required accounting responsibilities. The
Construction division is responsible for all new store construction, existing store remodeling and facelift projects. The new store and remodel process is essentially the same; facelift projects include new wallpaper, carpet, paint and minor repairs done as needed to cases, etc. An outside general contractor is selected for each new store and remodel project. The Facilities division handles store maintenance issues to ensure all of the stores are in proper working order. It also maintains the Store Support Center, operates the mailroom and oversees the storage and retrieval of materials from the offsite warehouse.
POSITION SUMMARY:
Research new store sites to identify locations that meet the company's expansion criteria, negotiate favorable leases
with developers and negotiate lease renewals on existing locations to ensure Helzberg's operations are in profitable
markets and geographic locations. Oversee all Real Estate operations including projects, and budgeting of the
real estate team. Ensure real estate leasing transactions are completed on time and within budget. This position will need to have very strong working relationships with both internal contacts and external Real Estate vendors and landlords.
PRINCIPAL ACCOUNTABILITIES:
SUPERVISORY RESPONSIBILITIES:
This position does not have any direct reports.
QUALIFICATIONS:
COMPETENCIES:
Achievement Motivation, Communication, Conceptual and Analytical Thinking, Integrity, Leadership, Relationship Building, Teamwork and Cooperation
The Real Estate division completes market research on potential sites and malls throughout the United States in order
to acquire new store sites for the company and renew existing, profitable location leases. After acquiring or renewing
sites the Real Estate division administers all of the leases and performs all required accounting responsibilities. The
Construction division is responsible for all new store construction, existing store remodeling and facelift projects. The new store and remodel process is essentially the same; facelift projects include new wallpaper, carpet, paint and minor repairs done as needed to cases, etc. An outside general contractor is selected for each new store and remodel project. The Facilities division handles store maintenance issues to ensure all of the stores are in proper working order. It also maintains the Store Support Center, operates the mailroom and oversees the storage and retrieval of materials from the offsite warehouse.
POSITION SUMMARY:
Research new store sites to identify locations that meet the company's expansion criteria, negotiate favorable leases
with developers and negotiate lease renewals on existing locations to ensure Helzberg's operations are in profitable
markets and geographic locations. Oversee all Real Estate operations including projects, and budgeting of the
real estate team. Ensure real estate leasing transactions are completed on time and within budget. This position will need to have very strong working relationships with both internal contacts and external Real Estate vendors and landlords.
PRINCIPAL ACCOUNTABILITIES:
- Work with the VP, Real Estate and Construction and DVPs of Store Operations to execute a collaborative real estate strategy in selecting new store sites by identifying potential locations, qualifying them by reviewing mall and demographic data, conducting on-site visits, and meetings in conjunction with Store Operations and the developer, partnering with Finance in the development of new and renewal stores’ pro forma P&L statements and Internal Rates of Return (IRRs), and preparing final recommendations for Executive Committee approval.
- Create and maintain ongoing relationships with developers and leasing agents representing the types of shopping center venues in Helzberg markets. Proactively work with landlords and leasing agents to identify existing and upcoming opportunities in target Helzberg markets.
- Track lease expiration dates of existing stores and, on a timely basis, negotiate and renew profitable existing store leases with terms that are favorable to Helzberg and minimize occupancy costs.
- Prepare market plans as assigned to identify the best sites in each market and optimal spacing relative to new stores, renewals and closings.
- Collaborate with EVP / Chief Retail Officer, SVP - Chief Strategy Officer and VP Real Estate & Construction to evolve Real Estate strategies based on industry trends and company performance.
- Provide assistance to the VP-Real Estate and Construction on ad hoc projects, including minor Construction and Facilities related projects, negotiations, and other items as assigned.
SUPERVISORY RESPONSIBILITIES:
This position does not have any direct reports.
QUALIFICATIONS:
- Bachelor's degree in Business or related area.
- Ten years of increasingly responsible experience in the shopping center real estate industry.
- Advanced knowledge in the areas of negotiation and leases and extensive business relationships with developers are required.
- Strong financial orientation and excellent analytical, communication, interpersonal, negotiation and relationship-building skills required. Experience in supervising and developing staff and strong project management experience is required.
- Familiarity and working knowledge of the construction side of the business a plus.
- Hybrid schedule with predictable onsite attendance required three or more days per week to perform essential functions involving interactive behaviors with co-workers and managers and direct interaction with internal and/or external customers.
- Ability and willingness to travel approximately 5–10% of the time as needed for business meetings, projects, and team collaboration.
COMPETENCIES:
Achievement Motivation, Communication, Conceptual and Analytical Thinking, Integrity, Leadership, Relationship Building, Teamwork and Cooperation