Real Estate Manager - Midwest

Position: Real Estate Manager (Midwest)

DEPARTMENT: Real Estate

Report To: Real Estate Director, Midwest

COMPANY DESCRIPTION:

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Position Summary:

The Real Estate Manager is responsible for developing and maintaining a “pipeline” of new locations in accordance with Five... Below’s growth strategy. Responsibilities begin with the identification of locations and continue through due diligence, internal financial analysis, lease negotiations, presentations to the Real Estate Executive Committee (REC), lease execution, and overall team-work with other Property Development functions including Design, Construction, Finance and Legal.

Qualifications & Skills:

• Bachelor’s Degree or Master’s Degree in Business Administration
• 7+ years of commercial retail leasing experience

· Energetic, organized, self-motivated and pro-active person with ability to work independently and collaboratively. Flexibility and willingness to do a variety of tasks

• Excellent interpersonal, verbal and written communication skills. Ability to influence internal and external stakeholders

· Proven ability to manage multiple projects and responsibilities while working in a fast-paced environment with a strong sense of urgency

· Experience creating and modifying financial analysis. Strong proficiency of Microsoft Office Suite (Word, Excel, PowerPoint, MS Project)

• Ability to perform a variety of duties and responsibilities with consistent accuracy, attention to detail, and prioritization of time-sensitive deadlines. Must take initiative, analyze assignments, identify sub-tasks, prioritize, develop constructive solutions and recommendations, and keep various assignments moving simultaneously
• Willingness to travel

Job Responsibilities:

• Lead new store development for the Midwest region, with focus on speed to market, cost control, and program management
• Manage local broker teams and collaborate with Manager of Analytics to develop, refine and execute the Real Estate Strategic Plan
• Collaborate closely with Construction, Design, Finance and Legal to ensure successful store launch from site identification, to opening and throughout the store lifecycle
• Responsible for site selection of new store locations and existing store repositioning opportunities
• Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
• Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout the near term and long-term market planning
• Present new store opportunities to the Real Estate Committee (Monthly)
• Attend/represent Five Below at select Regional & National ICSC Conventions

Five Below is an Equal Opportunity Employer

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