The primary responsibility is to manage the asset base and provide Real Estate portfolio support for all TBC brands with emphasis on the management of leased assets. Support includes the review and analysis of the retail and franchise portfolio including but not limited to: lease renewals, extensions, amendments, terminations, real estate control policy, disposal of surplus property, subleasing, determination of rent or rent reduction requests, eminent domain, insurance, taxes, and landlord disputes. This position is based in TBC headquarters and with some limited travel required (less than 10%).
Primary Responsibilities * Managing the Lease Renewal Process (and other property management projects), including negotiating extensions, new lease options, rent reductions, obtaining Tenant improvement allowances, and other needs as required. Provide assurance to the business that notification contractual dates are met in a timely manner and the proper management approvals and documentation are completed. * Manage property purchases, right of first refusal notifications, coordinate with Landlord on condemnations, coordinate with the legal department and lease administration to complete lease amendments relating to all transactions. * Coordinating with VP Real Estate, Lease Administration, Field Real Estate Managers (REM’s), and Operations, to manage property management projects and issues for Company Operated and Franchised locations. * Ensuring that all surplus properties are properly marketed to the general public, investors, or users, to maximize the sale or sublease income. Manage the internal process to determine which properties should be considered as surplus, and that the disposition follows the internal guidelines and approval process. Manage the external broker network to achieve surplus disposal goals. * Supporting as necessary the field REM’s along with the VP Real Estate, market analytics, and operations to update market plans for each corporately run brand; to include relocations, closures, and infill opportunities. * Coordinating with Facilities and Lease Administration on condemnations, partial takings, tax issues, easements, extraordinary circumstances, to ensure continued operation of franchised locations and company operated locations is achieved.
* Coordinate with Credit and Operations when franchisees are defaulted or terminated to ensure that the proper real estate control process is followed to maintain the maximum control on each Franchise property. Coordinate the routing of any internal approval in the real estate control process of any franchised locations. * In conjunction with Legal, VP Real Estate, Franchise Administration, and Operations, manage the franchise Real Estate Policy.
Education & Experience
* 7 years + direct experience in Leasing/Property Management, specifically head lease/sublease, renewals, lease extensions, rent negotiations, taking or negotiating additional options, lease administration and related real estate activity. Direct deal making experience a requirement, preferably on the corporate tenant side, knowledge of legal real estate documents and processes * Must be comfortable prioritizing, managing, and tracking a high number of leases per year that require renewal, extension, or renegotiations annually. * Ability to drive decision making within the organization and gain consensus. * High proficiency in Excel a must coupled with exceptional analytical expertise * Strong negotiating, analytical, verbal and written communication skills. * Experience in title, survey, and legal closing processes * Experience in drafting legal documents * Knowledge and direct experience in eminent domain matters * Ability to respond to questions from groups of managers, clients, employees, business and government agencies and where needed, find information and/or solutions. * Ability to solve practical problems and deal with internal staff and the franchise community. * Must cope successfully with multiple priorities, tasks, and complexity. * Ability to work in a fast paced multiple project environment and with a strong sense of urgency * Ability to work well under pressure, handle multiple tasks * Must have organized approach to completing tasks. * Must work independently and be detailed oriented. * Excellent time management, communication, technology, and organizational skills.
* Required: Bachelor’s Degree in business, real estate or related field * Master’s Degree a plus