Director, Real Estate in Hoffman Estates, IL at Transformco

Date Posted: 4/1/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    3333 Beverly Road
    Hoffman Estates, IL
  • Date Posted:
    4/1/2021
  • Job ID:
    1002860BR

Job Description

Req/Job ID: 1002860BR
Employing Entity: Transform SR Holding Management LLC
Employment Category: Regular, Full-time
Job Function: Real Estate
Store ID: 58491: Sears Holdings Management Corp

The Real Estate/Asset Management Regional Teams support the company’s objective of monetizing its real estate assets by directing all Real Estate activities within a portfolio with a specific focus on optimizing process and communication to drive value creation. Critical to the support of the overall Asset Management team, this position provides day to day oversight of portfolio of THC assets as assigned. Key skills for success include timely execution of asset and portfolio strategies, including but not limited to: approved sale or lease transactions, REA and other counter-party approvals and effective management of day to day operational issues (lease renewals, LL/Developer inquiries, broker management, etc). Actively participating in and improving process management and shared communication across the broader Real Estate Team (Transactions, Construction/Facilities, Legal, and Finance) is critical. Identifying unique value creation opportunities based on individual asset knowledge is a plus.

All Real Estate team members must be able to successfully juggle a large portfolio of properties and balance the need for a thorough response with timely decision making and action. Team members must be comfortable working in a fast paced, dynamic environment. The Transformco team is operates cross functionally and all team members will work with other key departments, including but not limited to Legal, Finance, Lease Management and the Transactions teams. Team members must be comfortable alternating between support and leadership roles on the team, depending on the nature of the transaction.

The Director works with the Sr Dir/DVP on complicated negotiations and handles less complicated transactions on their own with minimal oversight. The Director should be an expert in reading and understanding REA and other real estate documents to manage short-, mid- and longer-term portfolio projects, including securing or providing project approvals and document amendments as business requires (can be THC generated or third party requests for review/approval). The Director effectively coordinates within team to manage regional portfolio and support the business as needed. Key position for lease renewals, appraisals and material LL correspondence, municipal issues, etc. Comfortable and effective communicating/achieving THC goals and objectives, internally and externally. Accuracy, clear communication and timely follow through are critical.

Job Requirements

Job Duties/Responsibilities:
  • Reviews and makes recommendations on third party approval requests including mall redevelopments, expansions, outparcels or other transactions as submitted. Includes review of applicable REA, lease docs and exhibits as needed
  • Executes short- and long-term actions for the designated properties that support overall portfolio strategy. Director should be able to identify timing and rationale needed for actions and clearly and timely communicate obstacles or resources needed to complete actions.
  • Supports sale, development or leasing negotiations on approved transactions, both stand-alone within RE team and partnering with Transactions team. Includes site planning review and approval with tenants and third-party approvers through document completion.
  • Works with Lease Administration and Legal, monitor upcoming lease renewals and make recommendations on extension/options. Negotiate new leases/termination/extensions as warranted.
  • Works with municipal representatives as needed, including governmental approvals, hearings, eminent domain negotiations and other legal processes as warranted.
  • Works with licensed business and leasing team to facilitate any landlord and developer approvals as needed
  • Maintains strong knowledge of regional portfolio including key details of real estate asset, landlord or developer partners and critical shopping center information
  • Oversees and manages various broker relationships as needed throughout portfolio
  • Links day to day operational decisions to overall portfolio strategy
  • Coordinates up or down within team to manage regional portfolio and support the business as needed.
  • Performs supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing associates
Job Requirements:
  • Comfortable communicating project updates and status across many teams and management levels, verbally and in writing
  • Expert in reading and understanding REA and other real estate documents to manage short/mid and longer term portfolio projects, including securing or providing project approvals and document amendments as business requires (can be THC generated or third party requests for review/approval)


#Corporate
58491

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