Real Estate Portfolio Manager (539581)

Requisition ID 539581 - Posted  - Food Lion - USA-NC-Salisbury-2110 Executive Drive - Real Estate

At Food Lion, Associates are the most important assets to our organization. We want associates to have meaningful careers full of variety and challenges. Each associate contributes to the overall success of Food Lion, and in return, we strive to provide all associates with a fulfilling work experience and reward performance and commitment. We are committed to the professional development of our associates through on-the-job learning opportunities and training.

 

Position Summary

The Portfolio Managers’ role is to function as an individual contributor with leadership responsibilities to manage Food Lion’s existing 1,100+ store portfolio.  The role will lead processes to renew existing leases, increase opportunities with existing landlords to improve shopping center conditions, gain additional lease term, improve Food Lion’s overall financial performance through early lease renewals and create urgency across Food Lion and ADUSA Services to achieve aggressive targets.  The role will evaluate complex business situations and have ownership of chosen course of action.  The Portfolio Manager will work closely with Legal, Research and Engineering staff on matters relating to existing stores and will have responsibility for:  site/building modifications to existing stores, monitoring competitive activities, and management/assistance with real estate development reporting and lease extensions.

 

Principle duties and responsibilities

• Responsible for various real estate responsibilities across the Food Lion portfolio. 
• Collaborates on shaping the annual strategic planning for real estate portfolio activities for the Food Lion brand. 
• Oversees all lease maintenance efforts of the portfolio, including, but not limited to LMAs, lease renewals/extensions, new vendor set-up, and landlord consents. 
• Acts as the lead real estate resource, or lead landlord interface, for miscellaneous projects relating to existing stores such as:  Food Lion To-Go additions, securing traffic improvements, improving signage, modifying parking lots, securing easements, resolving disputes, EV chargers and IT projects. 
• Identifies and drives strategies for navigating real estate issues and develops/implements short-term and long-term real estate solutions. 
• Establishes and maintains strong business relationships with outside commercial real estate brokers, developers, municipal officials, attorneys, and landlords. 
• Assists Real Estate Accounting, Leasing, Property Management, and Maintenance associates with existing store negotiation issues. 
• Leads effort to build an effective lease renewal process to improve the company’s store relevance by upgrading store exteriors, modernizing shopping centers and improving customers’ visible experience with a $20B+ annual sales grocery brand. 
• Define strategies for each market requiring unique research, assessment and deployment plans to transform the company’s existing portfolio which covers 10 states and 37 DMAs.
• Track and monitor progress of execution achievement for Senior Level communications.

 

Basic Qualification

• Work experience or education background in corporate/commercial real estate or real estate affiliated field in finance, market research, law, or engineering. 
• Proficient in web-based research skills, Excel and Word skills, familiarity with database software. 
• Must be able to create new processes where needed, and drive accountability and execution in cross-functional environment
• An outstanding negotiator, able to act quickly, decisively and to bring deals to closure
• Excellent communication and relationship building skills, able to represent the company with the highest levels of efficacy and ethics within the marketplace
• A collaborative business partner, able to forge strong relationships across an organization
• A high-energy individual, able to be successful in a fast-paced environment
• An individual possessing the highest standards of ethics and integrity

 

Preferred Qualification

• Demonstrated track record of leadership for a high growth business unit/region
• Advanced degree in Law, Business Administration, Engineering, or related subjects. 
• Post-graduate real estate development certificates and/or coursework. 

 

Education

• B.A./B.S. degree required.

 

Experience

• 4-6 years of experience in retail corporate real estate industry 
• Previous experience with corporate grocery retailers 

 

Skills and abilities

• Strong project management skills. 
• Proven history of handling multiple projects shifting priorities at once, showing the ability to work independently and prioritize projects/workload as appropriate. 
• Displaying complex problem-solving skills – a strategic thinker with the ability to thin creatively, evaluate, set and re-set priorities and to make timely and sound business decisions on complex high risk/high reward projects. 
• Highly developed interpersonal skills (i.e., strong listening, presentation/public speaking skills) communication, negotiation and relationship-building skills with developers, brokers, and public officials, etc. 
• Ability to exercise influences without authority. 
• Ability to maintain highly confidential information. 
• Strong analytical and judgement skills and ability to comprehend broad range of technical issues. 
• Detail oriented with strong organizational skills. 
• High motivated, self-directed, and results driven. 
• Ability to travel, as needed, and to conduct physical evaluations of store locations. 
• Strong leadership, decision-making, and critical thinking skills.
• Highly proficient in dealing economics and contract negotiation.
• Ability to effectively resolve financial and contractual issues and disputes.
• High personal standards in accordance with company standards.
• Proficient in Microsoft Office.
• Quality of Work, Adaptability and Flexibility, Communication, Use of Influence.
• Planning and Organization
• ~15%, 2-3 nights/month travel is required

 

Food Lion provides equal employment opportunities to all associates and applicants for employment without regard to race, color, religion, sex (including pregnancy, childbirth and related conditions) national origin, age, disability, sexual orientation, veteran status, gender identity or gender expression or any other characteristic protected by law.

If you have a disability and require assistance in the application process, please contact our Recruiting Department at [email protected]