Manages the property management operating portfolio by developing recommendations on improving site appearances and increasing sales growth potential; communicating recommendations to leadership; negotiating subleases, terminations, and purchase options; analyzing use restrictions and approving store uses to contribute to income generation for properties; 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.
Manages projects for real estate transactions and deal initiations for assigned geographic area by analyzing data ; identifying site selection and asset sale options appropriate for non-complex markets ; conducting site selection and asset sale analysis; evaluating the financial impact of projects; providing recommendations on business decisions based on data; and supporting recommendation development on non-complex sales and site selection projects for leadership.
Manages 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.
Negotiates 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.
Implements 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 on-site relocation or expansion projects; collaborating with cross-functional teams ; 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.
Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning.
Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness.
Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy.
Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost effectiveness; and participating in and supporting community outreach events.
Bachelor’s degree in Real Estate or related field.
3 years’ experience in real estate, retail development, tenant representation, or related area.
Able to research and interrupt legal documents.
2 years’ experience in property management.
1-3 years supervisory and project & portfolio management experience.
Strong communication. Must be able to present to Executive levels using MS PowerPoint.
Persistent and comfortable with negotiations; leases, civil fines, permission from Landlords and Brokerage Firms, etc.
This role is based in Bentonville, AR but will require some overnight/airplane travel within the East Coast to stores and potential sites regarding land sales and purchases.
Master’s degree or JD with 5 years’ experience in real estate, retail development, tenant representation, or related area.
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Bachelor’s degree in Real Estate or related field and 3 years’ experience in real estate, retail development, tenant representation, or related area
OR 5 years’ experience in real estate, retail development, tenant representation, or related area.
2 years’ experience in property management.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Project and portfolio management, Supervisory
J.D., Masters: Business Administration