Real Estate Development Manager
3 weeks ago
Job Overview
McDonald's Canada is seeking a highly skilled Real Estate Development Manager to join our team in Toronto. As a key member of the Restaurant Development Department, you will play a crucial role in optimizing PLACE and aligning goals with corporate strategies.
About the Role
This senior-level position requires a minimum of 5-7 years of commercial real estate experience working with a prominent quick-service restaurant background in site selection and unit acquisition. The successful candidate will possess strong negotiation skills, excellent communication abilities, and the ability to lead a high-performing team of real estate professionals.
Key Responsibilities
- Foster a team approach to development within the region
- Develop, maintain, and execute a comprehensive strategic market plan for a defined territory and manage aggressive new store growth goals
- Manage a defined territory, maintaining a strong market knowledge and understanding of coverage gaps, opportunities, trends, projected home/work/shop growth, competition, and other factors contributing to knowledgeable real estate decisions
- Manage a team of Area Real Estate Managers to identify potential sites for new restaurant development
- Identify and acquire real estate for freestanding locations, requiring effective negotiation skills and a strong network of brokers, developers, and industry contacts
- Negotiate terms and conditions of real estate agreements (up to the executed LOI) and partner with the Real Estate Transaction Manager to optimize site development and internal approval processes
- Provide consulting and maintain effective working relationships with National & Regional leadership, Owner Operators, other McDonald departments, alliance partners, and outside organizations
- Communicate and implement corporate policies and procedures
- Collaborate with key customers to create, maintain, and update the 3-Year Strategic Plan
- Vision Planning: Gather and analyze information on the potential of the market and each restaurant in the assigned geographical area
- Assist with presentation of site packages to management for approval
- Coordinate the presentation of development opportunities to Owner Operators/McOpCo
- Align goals and objectives with Department, Regional, and Corporate strategies
- Partner with the Area Construction Manager to prioritize development opportunities to ensure best use of capital (e.g., timing, funding, and returns) within the region
- Create and execute the development plan to meet portfolio returns and goals of the Development Team
- Ensure best location/best value for all real estate acquisitions
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