Regional Vice President, Real Estate- Remote-Journeys
WFA Digital Insight
As the demand for skilled real estate professionals continues to grow, with a 25% increase in job postings over the last year, Journeys is seeking a seasoned Regional Vice President to spearhead its real estate initiatives. With the shift towards remote work, companies are reevaluating their retail strategies, making this role particularly critical. Candidates should possess strong negotiation skills, extensive experience in retail real estate, and the ability to adapt to changing priorities. Before applying, it's essential to understand the current retail landscape and how Journeys is positioned within it.
Job Description
About the Role
The Regional Vice President, Real Estate at Journeys will play a pivotal role in driving the company's growth through strategic real estate planning and execution. This involves leading market analysis, site selection, lease negotiations, and ensuring compliance with legal documentation for new and existing stores. The ideal candidate will have a deep understanding of the retail real estate market, excellent negotiation skills, and the ability to foster strong relationships with landlords and internal stakeholders.As a key member of the team, the Regional Vice President will work closely with various departments, including construction and legal, to ensure that approved stores are opened on time and meet the company's standards. This role requires a high level of organization, the ability to prioritize tasks effectively, and strong analytical and problem-solving skills.
The real estate strategy will be comprehensive, aiming to meet opening objectives for Journeys' brands while ensuring that targeted financial objectives are met. Promoting strong relationships with landlords is crucial to enhance the company's brand awareness and negotiate favorable lease terms.
What You Will Do
- Develop and execute a comprehensive real estate strategy to support the company's growth initiatives
- Lead market and location strategy, site selection, financial evaluation, lease negotiations, and legal documentation for new and existing stores
- Partner with landlords and internal stakeholders to optimize occupancy costs, enhance store performance, and improve long-term profitability
- Manage the process with construction and legal teams to ensure timely opening of approved stores
- Oversee the preparation of lease documents with the legal team
- Maintain and update leasing reports for management with the clerical staff
- Monitor national retail real estate market activity for trends and new developments
- Travel for market studies, landlord visits, corporate meetings, and site selections as required
- Assist in meeting targeted financial objectives for all divisions
- Promote strong relationships with landlords to enhance overall awareness of the company's brands and retail concepts
What We Are Looking For
- Minimum of 12 years of experience in retail real estate, preferably for a specialty mall-based retailer
- Strong existing mall-based landlord and developer relationships
- Minimum of 100 transactions over the previous 2 years
- Extensive experience with all aspects of retail lease transactions, from site selection to legal
- Proven experience in maintaining a high volume of transactions for a multi-brand retailer
- Thorough understanding of major retail areas throughout the United States
- Experience in developing both short-term and long-range real estate strategies
- Highly organized and able to adapt to quickly changing priorities
- Proficient in financial and demographic analysis, site analysis
- Excellent verbal and written communication, analytical, and problem-solving skills
Nice to Have
- Experience with Excel and other relevant software for real estate analysis
- Knowledge of current retail trends and market conditions
- Ability to work independently and as part of a team
Benefits and Perks
- Comprehensive medical, dental, and vision coverage
- 401(k) / Roth 401(k) with company match
- Life Insurance
- Paid Time Off (PTO)
- Employee Discount
- Ability to work remote/hybrid
How to Stand Out
- Ensure your resume highlights specific examples of successful real estate transactions and your experience in retail real estate.
- Practice your negotiation skills, as they will be crucial in this role.
- Be prepared to discuss your understanding of the current retail landscape and how you see Journeys fitting into it.
- Show proficiency in tools like Excel, especially for financial and demographic analysis.
- Research the company culture and values to understand how your skills and experience align with Journeys' goals.
- Prepare questions about the company's growth initiatives and how the real estate strategy supports these goals.
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