Leads a team of Senior Real Estate Managers who are responsible for the maintenance and growth of the real estate portfolio for our partners in Supply Chain and eCommerce. The Director has daily interactions with senior leaders of the company to better understand their business strategy and to help define a parallel real estate strategy to support their business objectives. The Director and his/her team are responsible for negotiating subleases, terminations, and purchase options; analyzing use restrictions; conducting site visits; participating in contract negotiations with prospective business partners and third parties; managing third-parties and addressing issues ; and securing approvals for property management recommendations.
Directs and leads Realty portfolios, including special projects, by overseeing consultants; providing guidance on the management of project risks, timeline, and sunk costs; acting as a liaison to government officials and community groups; managing company image with key partners; maintaining and influencing project schedules and budgets and communicating them to the team; evaluating purchases, dispositions, lease renewals, and rent allocations and determining alignment with the portfolio strategy; and gaining buy-in from key stakeholders and community partners .
Oversees Realty project management by approving warehouse leases; ensuring compliance with local laws; ensuring adherence to mitigation strategies; developing budgets and communicating capital expense to senior leadership; forecasting and advising on gaps and opportunities on capital expenditure and legal expenses; and overseeing department reports for capital expenditures, legal expenses, property management, and lease management.
Oversees lease agreements by performing research on assigned portfolios, current market trends, and pertinent financial metrics; negotiating rent reduction packages; negotiating with landlords to outline parameters of contracts; presenting to internal key stakeholder committees to gain approval; and researching lease terms and business opportunities to effectively negotiate and establish the new terms of lease agreements.
Develops strategies for maximizing value of Walmart real estate assets by providing recommendations to officer-level committees regarding the financial benefit of purchasing leased properties for expansion projects; informing and promoting real estate interests to corporate executives, local government entities, community groups, and businesses; generating revenue for the company through real estate negotiations and partnerships with third parties; facilitating Realty Committee meetings; overseeing documentation of and reviewing capital expenditure decisions; managing and resolving lease expiration and zoning issues; developing and implementing processes for approval of projects with internal business partners; and analyzing real estate documents to ensure projects are within parameters.
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor’s degree in Real Estate, or related field and 5 years’ experience in real estate, retail development, tenant representation, or related area OR 7 years’ experience in real estate, retail development, tenant representation, or related area. 1 year’s supervisory experience.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Doctorate: Law, Masters: Business Administration