Sr. Real Estate Representative, Leasing & Investments

Job title: Sr. Real Estate Representative, Leasing & Investments

Company: Chick-fil-A

Job description: Overview:This person will be responsible for personally executing the leasing work, surplus property dispositions, and other assigned duties in an assigned area within Existing Restaurants. As such, this individual will:

• Execute existing restaurant leasing strategy(s).
• Develop leasing expertise relative for all Chick-fil-A concept types (including FSUs, malls, in lines and in the future other location types).
• Develop leasing strategies for all concept types that are consistent with stated Restaurant Development department wide goals and strategies, globally and by market.
• Continuously improve leasing processes and available tools.
• Gather necessary due diligence, creating property-specific lease strategies, negotiating financial and other lease terms with landlords, and managing the renewal process through lease execution.
• Partner with colleagues in other areas of Restaurant Development to develop individual reinvestment scopes and budgets for locations not within the Strategic Reinvestment’s purview.
• Help develop and implement a proactive communication plan with Operators, Business Consultants, and other stakeholders relative to leasing.
• Support other existing restaurant initiatives, such as portfolio-level lease form analyses, lease template renegotiation, tests and rollouts, and other macro focused opportunities to improve the overall real estate for Corporate and individual Operators.
• Evaluate the feasibility of developing landlord-specific portfolio strategies, developing same and then implementing the strategies at the team level.
• Develop, maintain, and improve industry relationships.
• Manage and execute the surplus disposition strategy for assigned area.

As of the date of this posting, a good faith estimate of the current pay scale for this position is $ 350,000 – $ 370,000. This pay scale takes into account a wide range of business factors and may change over time.Our Flexible Future model offers a healthy mix of working in person and virtually, strengthening key elements of the Chick-fil-A culture by fostering collaboration and community. Responsibilities:Success in this role will need both a high level of independence and initiative, combined with an ability to partner with other stakeholders, including Asset Management leadership, Strategy/Analytics, New Restaurant Growth, Operations, and Legal.This individual will be responsible for:

• Contacting and discussing with Operators upcoming lease renewals, explain process, answer questions, gather necessary information, and develop and enhance Operator trust.
• Contacting and discussing with Business Consultants upcoming lease renewals, Operator status, FSR impact, real estate strategy, and other pertinent issues.
• Collecting and analyzing available data (occupancy charges, sales, other) and other due diligence, and develop renewal strategy in concert with supervisor.
• Developing portfolio level lease renewal/renegotiation strategies that will simultaneously affect multiple restaurants
• Negotiating lease renewals and/or exercise existing options.
• Coordinating with Legal to identify and resolve issues during lease negotiations.
• Developing and maintaining industry relationships.
• Developing and enhancing industry knowledge and expertise.
• Managing the disposition process and negotiations for a part of our surplus property portfolio.
• Evaluate and make appropriate recommendations regarding the exercise of ROFO/ROFR opportunities

Minimum Qualifications:

• Bachelor’s degree
• 7 years of relevant experience
• Demonstrated ability to autonomously negotiate various real estate documents, including leases, purchase agreements, ECRs, etc.
• Demonstrate ability to evaluate multiple financial metrics when evaluating real estate deals and recognize appropriate “levers” to adjust to achieve desired results.
• Demonstrated ability to influence among peers and within an organization.
• Proficiency in Microsoft Office products
• Flexibility, adaptability, and creativity
• Strong communication skills
• Strong analytical skill
• Self-starter and ability to work independently
• Ability to work collaboratively with others
• Skilled at developing relationships with internal and external stakeholders

Preferred Qualifications:

• 7 years of experience in lease negotiations, leases, and lease amendments

Minimum Years of Experience: 7 Travel Requirements: 40% Required Level of Education: Bachelor’s Degree

Expected salary:

Location: Irvine, CA

Job date: Sun, 02 Mar 2025 06:11:26 GMT

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