Director, Asset Management
2 months ago
Job Title: Director, Leasing
Job Description Summary
Job Description
Reporting to the Senior Vice President, Retail Leasing, this role will carry out the daily activities of the Asset Services Retail Leasing Team in accordance with organizational policies and standards. The individual will be responsible for retail leasing functions for a portfolio of retail properties, which may include:
- Develop and maintain business relationships with commercial real estate brokers.
- Prospecting for suitable tenants in line with a retail leasing strategy to be developed for each property.
- Property level budgeting and tracking.
- Negotiating lease transactions and agreements.
- Ongoing research and reporting on market activities and internal reporting as required.
He or she will rely on experience and judgment to plan and accomplish goals and perform a variety of complicated tasks with a wide degree of creativity.
Responsibilities:
- Develop and manage leasing strategy for Portfolio projects with responsibility for finalizing deals in a timely manner.
- Develop and manage leasing budgets and leasing targets for specific projects.
- Monitor all existing tenants and take proactive measures to renew where appropriate.
- Manage portfolio reviews with respect to new tenants, renewals, bankruptcies.
- Identify and pursue new tenancies for specific projects, adopting a sales-oriented approach to presentations and tours, utilizing and developing leasing tools and research as needed.
- Prepare, negotiate and document lease proposals, offers to lease.
- Liaise with the Legal Department to ensure accuracy of documentation.
- Identify and expand service opportunities with new and existing clients.
- Ensure compliance and full utilization of C&W tools and resources.
- Participate in monthly calls to share best practices and produce leads for institutional clients in multiple markets.
- Research and report on leasing activity in the market.
- Liaise with the construction, architectural, and property management departments to obtain pricing and ensure timelines are met.
- Understand and observe compliance with management agreements, review and approve expenditures which exceed the authority level established for project and property manager.
- Ongoing knowledge of and visits to other properties to ensure a strong understanding of various markets and locations.
- Prepare and revise leasing plans for specific assets where required.
- Administer special projects assigned by the Senior Vice President, Retail Leasing.
- Provide input and direction on new acquisitions with respect to feasibility and market conditions as it relates to leasing.
- Full management/onboarding of junior leasing personnel.
Qualifications:
- Must be a registered RECO salesperson/broker in good standing.
- Minimum of 5 years of practical experience in retail leasing (enclosed malls, strip centres, and large format) with extensive tenant and industry contacts.
- Proven leadership skills and strategic thinking with respect to merchandising, redevelopments, and/or property re-sets.
- A Bachelor's Degree in Business or other related degree.
- Strong presentation skills for interaction with prospective tenants and clients.
- Demonstrated financial acumen including variance analysis.
- Exceptional negotiating skills accompanied by strong oral and written communication skills, with the ability to effectively communicate with the organization and to prospective tenants and clients.
- Extremely high sense of urgency tied to internal and external customer service focus with proven ability to employ a high level of time management skills focused on prioritization and delegation.
- Be a driven and highly-motivated individual with a proven high deal count while achieving quality transactions that enhance the profile of property.
- Proficient computer and software skills.
- Strong Customer Service orientation.
- Interpersonal skills, able to work well with others in a team environment.
- Must be able to provide clear criminal check.
This job operates in a professional office environment. Regularly required to travel between properties. Must be able to travel outside of employee’s geographic location.
Note: This job description includes the core responsibilities for C&W. These duties may have slight modifications based on the regional location.
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