Market and lease/sell a portfolio of shopping center spaces, joint venture developments, outparcels and in-store banks across the enterprise. Manage assets to increase occupancy percentage, net operating income, free cash flow and alternative revenues to meet/exceed industry best levels.
Essential Job Functions
Lease shopping center retail space and in-store banks within a region through thorough marketing and diligent, proficient and aggressive negotiating
Analyze leases & ownership documents and make recommendations to management to maximize the free cash flow and net operating income to Kroger
Initiate shopping center leasing and surplus asset disposition transactions and manage them from inception to completion, including negotiating financial terms, legal documents, entitlements and transaction closings
Work closely with platform brokerage companies and marketing specialists to ensure all spaces are marketed to the public in a professional manner and all information displayed to the public through LoopNet and our website is up to date and relevant
Collaborate with division leadership, Facility Engineering, Store Planning and Regional Real Estate to bring visibility to our network of in-store banks in an effort to maintain and grow the income potential
Partner with Alternative Profits team to find creative alternatives to vacant in-store space to provide alternative revenues with an experience that connects with customers; assist with in-store transactions
Assist in the site selection and transaction completion for micro-fulfillment centers to support eCommerce/Digital strategy
Coordinate legal documents for all transactions (3rd party retail, office, surplus) with G.O. Legal and prepare legal documents for deals
Minimum Position Qualifications
Bachelor's Degree in business or real estate
4+ years of experience in commercial/retail property management, real estate leases, accounting, contractual obligations and legal liabilities, and sales experience; or equivalent combination of education and experience
Ability to prioritize/multi-task while providing accurate/on-time results
Demonstrated ability to maintain confidentiality and protect sensitive information
Excellent oral/written communication skills
Proficient in Microsoft Office
Strong attention to detail
Strong understanding of industry/technical terms and processes
Ability to read and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, and procedure manuals
Ability to effectively present information and respond to questions from managers, clients, customers and the general public
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume; ability to apply concepts of basic algebra and geometry
Ability to define problems, collect data, establishes facts and draw valid conclusions
Strong interpersonal skills and ability to develop others
About The Kroger Company
At The Kroger Co. (NYSE: KR), we are Fresh for Everyone™ and dedicated to our Purpose: To Feed the Human Spirit®. We are, across our family of companies, nearly half a million associates who serve over 11 million customers daily through a seamless shopping experience under a variety of banner names. We are committed to creating #ZeroHungerZeroWaste communities by 2025.
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