Vice President, Real Estate
Foot Locker, Inc., New York, NY, United States
Overview
Foot Locker is hiring a VP, Real Estate to join our Store Development team. The VP of Real Estate will manage, guide, and direct all real estate holdings over the life of the store for Foot Locker within the regional areas assigned. Our North America Team is structured by region, so each regional team member is responsible for having an intimate knowledge of their region's malls & high streets, landlords, competition, and sales potential. This team serves as the liaisons and brand ambassadors for Foot Locker to the retail real estate community. As our organization continues to evolve with our ever-changing customer, the VP, Real Estate must be innovative, forward-thinking and have the ability to quickly adapt to new situations and market trends.
Responsibilities
Manage, guide, and direct all real estate holdings over the life of the store for Foot Locker, Inc. within the regional areas assigned
Generate and maintain a multi-year strategic plan
Control Landlord negotiations and communications, ensuring the optimum Real Estate location, construction, and tenancy deal for Foot Locker, Inc.
Administer written Landlord communications from initial offering to finalization of lease, ensuring the deal is delivered as negotiated
Facilitate constructive landlord relationship with Foot Locker, Inc
Management of deal presentation to the division/corporate according to Foot Locker's standard operating procedures
Manage, recommend, and negotiate solutions for the Company’s Loss Store Program
Select profitable and strategic locations that meet company standards and result in fulfillment of new store target expectations
Manage the process with Construction and Legal so that approved stores are opened on time and delivered in the manner presented
Qualifications
A bachelor's degree or higher
10+ years of experience with a national or regional retail and/or landlord leasing organization in both mall and non-mall real estate
Proven record of managerial responsibilities/leadership positions
Minimum of 60 transactions over the previous 2 years
Superior negotiation skills
Self-motivated with demonstrated experience working in a team environment as well as working independently with minimal supervision.
Excellent verbal and written communication, analytical and problem-solving skills.
Understanding of all lease contract points
Strong organizational and interpersonal skills
Proficient in Excel
Strong listening and communication skills
Strong follow-through from initial landlord contact to finalization of the real estate deal
Flexibility with rapidly changing corporate/divisional priorities
Ability to travel for market studies, landlord visits, corporate meetings, site selections
Understanding and familiarity with standard ICSC practices
Benefits
The annual base salary range is $250000 to 275000/year. This range represents the anticipated low and high end of the salary for this position. This role is also eligible to receive short term incentives that align with individual and company performance. Salary will be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data. Salary is one component of the Foot Locker, Inc. total compensation package, which includes the below.
Foot Locker Benefits:
Employee Discount
Paid Time Off
Medical | Dental | Vision Coverage
401(k) | Roth 401(k)
Life Insurance
Flexible Spending Account
Opportunities for Advancement
Tuition Reimbursement for Qualified Courses
Strong Company Culture
Employee Resource Groups
#J-18808-Ljbffr
Foot Locker is hiring a VP, Real Estate to join our Store Development team. The VP of Real Estate will manage, guide, and direct all real estate holdings over the life of the store for Foot Locker within the regional areas assigned. Our North America Team is structured by region, so each regional team member is responsible for having an intimate knowledge of their region's malls & high streets, landlords, competition, and sales potential. This team serves as the liaisons and brand ambassadors for Foot Locker to the retail real estate community. As our organization continues to evolve with our ever-changing customer, the VP, Real Estate must be innovative, forward-thinking and have the ability to quickly adapt to new situations and market trends.
Responsibilities
Manage, guide, and direct all real estate holdings over the life of the store for Foot Locker, Inc. within the regional areas assigned
Generate and maintain a multi-year strategic plan
Control Landlord negotiations and communications, ensuring the optimum Real Estate location, construction, and tenancy deal for Foot Locker, Inc.
Administer written Landlord communications from initial offering to finalization of lease, ensuring the deal is delivered as negotiated
Facilitate constructive landlord relationship with Foot Locker, Inc
Management of deal presentation to the division/corporate according to Foot Locker's standard operating procedures
Manage, recommend, and negotiate solutions for the Company’s Loss Store Program
Select profitable and strategic locations that meet company standards and result in fulfillment of new store target expectations
Manage the process with Construction and Legal so that approved stores are opened on time and delivered in the manner presented
Qualifications
A bachelor's degree or higher
10+ years of experience with a national or regional retail and/or landlord leasing organization in both mall and non-mall real estate
Proven record of managerial responsibilities/leadership positions
Minimum of 60 transactions over the previous 2 years
Superior negotiation skills
Self-motivated with demonstrated experience working in a team environment as well as working independently with minimal supervision.
Excellent verbal and written communication, analytical and problem-solving skills.
Understanding of all lease contract points
Strong organizational and interpersonal skills
Proficient in Excel
Strong listening and communication skills
Strong follow-through from initial landlord contact to finalization of the real estate deal
Flexibility with rapidly changing corporate/divisional priorities
Ability to travel for market studies, landlord visits, corporate meetings, site selections
Understanding and familiarity with standard ICSC practices
Benefits
The annual base salary range is $250000 to 275000/year. This range represents the anticipated low and high end of the salary for this position. This role is also eligible to receive short term incentives that align with individual and company performance. Salary will be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data. Salary is one component of the Foot Locker, Inc. total compensation package, which includes the below.
Foot Locker Benefits:
Employee Discount
Paid Time Off
Medical | Dental | Vision Coverage
401(k) | Roth 401(k)
Life Insurance
Flexible Spending Account
Opportunities for Advancement
Tuition Reimbursement for Qualified Courses
Strong Company Culture
Employee Resource Groups
#J-18808-Ljbffr