Leasing Manager
3 weeks ago
About Us:
Pure Industrial is one of Canada’s leading providers of industrial real estate, aiming to transform the Canadian warehousing and distribution landscape by providing a best-in-class industrial real estate offering and full-service supply chain solutions for our customers – from the first to the last mile.
Role Summary:
Reporting to the Director, Leasingthe Leasing Manager is responsible and accountable for Pure's leasing-related activities, including deal and portfolio strategy, deal negotiation and marketing initiatives.
A key component of this role is the oversight of external listing brokers within the assigned portfolio. In addition to owning the results of the leasing activities within the assigned portfolio, this role is responsible for day-to-day leasing activities including conducting prospective tenant tours, negotiating legal documents, overseeing the coordination and administration of the commercial leasing process, and ensuring all property goals and objectives are achieved within scheduled timelines and budgets as approved by Asset Management.
Core Responsibilities:
- Communicate with Asset Management and assistin creation and understanding of individual asset plans and perform in line with budgeted goals and timelines.
- Oversee and manage external listing brokers within the assigned portfolio.
- Act as liaison between stakeholders, in-house personnel (Property Management, Asset Management, Construction), tenants, outside counsel, architects, designers, consultants, brokers, and municipalities to negotiate, organize, track, and manage the leasingprocesses
- Establish a leasing and marketing strategy for buildings within the portfolio.As well as guide the implementation of each plan.
- Assist and maintain a central source of market information and knowledge.
- Prepare reports on portfolio lease performance by comparison to (sub) market.
- Work with Property Management to monitor restoration provisions of expiring tenants and ensure that vacancies are returned in the required condition with restoration negotiations complete prior to tenants vacating.
- Monitor each vacant unit and upcoming vacant units within the assigned portfolio to assess the need for modifications to existing improvements to aid the leasing effort.
- Initiate contact with existing tenants for lease renewals and negotiate renewal terms.
- Manage the handoff of relevant information to construction, accounting, legal, and property management associated with all new tenants.
- Assist in ensuring available units are top of mind with local brokerage community; develop and coordinate broker functions and bonus programs.
- Ensure vacant units are in "show" condition and conduct showings of vacant units.
- Prepare proposals for lease, offers to Lease/Letters of Intent, negotiate terms of offers and leases and obtain Landlord approval of all lease terms.
- Generate leasing assumptions for annual property budgets within the assigned portfolio.
Required Skills and Experience:
- Minimum of 3+ years of progressive and successful experience in commercial leasing or related position.
- Industrial experience is an asset but notrequired.
- Bachelor’s degree in business administration, real estate or a combination of relevant experience;
- Holds or working towards obtaining a RECO license
- Hold a Valid Driver’s License and have access to a vehicle for frequent local travel
- Advanced proficiency in Microsoft Office, including Microsoft Word,Exceland Outlook.
- Working knowledge of commercial leasing documentation and the lease negotiation process
- Exceptional analytical, organizational, communication, and interpersonal skills.
- Ability to work with minimal supervision, multi-task, work under pressure, and achieveresults.
- Successful candidate will be a self-starter who takes initiative and has great time management skills.
Our people are what makes us different. At Pure Industrial, we are committed to workplace diversity and inclusion within our organization; therefore, we encourage all qualified persons from all backgrounds to apply. Accommodations are available, upon request, to all applicants with disabilities throughout our hiring process. Successful applicants will also be subject to a background check.
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