At The Menkiti Group, we are dedicated to our mission of transforming lives, careers, and communities through real estate. If you are someone who wants to make a difference in the world, we invite you to elevate your career trajectory with us.
We are seeking a highly motivated Commercial Property Manager to work with our asset management and commercial real estate teams to oversee and manage the daily operations of properties within The Menkiti Group Portfolio. This is a high-growth position as the company continues to onboard properties from its $2 billion development pipeline.
Job Description
This position will focus on market strategy, direction, presence and commercial leasing in Worcester,MAand the broader Boston region, and will provide commercial lease and sales administration for the Company’s MA and Washington, DC region portfoliocomprisedof 60+ properties.
The Portfolio Manager willprovide a leadership presence for our Worcester office;maintainand grow the Company’s network of relationships inthe region;help toidentify,evaluateand advanceacquisitions opportunities;and develop and implement creative leasingand salesstrategies for our 200,000 SF+MAcommercial portfolio.The PortfolioManagerwillnegotiatenew lease agreements and existing tenant renewalsfor the Company’s commercial portfolio in both MA and DC, working closely with the commercial brokerage team located inourDC headquarters.
The ideal candidate is a motivated self-starter with strong sales, negotiation, and customer service skills, as well as an understanding of commercial real estate fundamentals.
Key Responsibilities:
New England Market Leader
- Market strategy, direction, and accountability
- Day-to-day leasing and transaction execution in Worcester / New Englandthrough a combination of direct leasing and managing third party brokers
- Active presence and leadershipin local market
- Leader of Worcester office, providing camaraderie and leadership to property management staff
Global Portfolio Leasing – Strategy, Organization, & Execution
- Trackingand managementof global MG portfolio leasing activities and needs
- Implementand refinesystems, processes, reporting, & technologyin partnership with the DC HQ commercial brokerage team
- Leadleasing strategy,pricingand negotiations
- Market and lease existing vacancies
- Issue and negotiate LOI’s and leases
- Lease renewal & critical date tracking
- Develop and manage capital expenditure plans across the portfolio
Brand Ambassador, Community Engagement, Business Development
- Maintain on the ground, day-to-day brand presence and awarenessworkingat least three days/weekout of our Worcester office
- Maintain key relationships – public and privatesector;university, government, anchor tenants, small business tenants
- Engage inpublic speaking opportunities
- Provide community involvement and engagement
Acquisitions – Strategic Adjacencies and Growth Opportunities
- Maintain investment salesbroker relationships
- Identifytargeted acquisitions per MGMA strategy
- Advance due diligence,evaluationand predevelopment activities on acquisitions opportunities
Qualifications
Strong financial analysis, budgeting, and real estate modeling skills
Understanding ofcommercial leasestructures
Market analysis capabilities
Excellent communication, presentation, and stakeholder management skills
High leveloforganization, judgment, and attention to detail
Additional Information
Education & Experience:
Bachelor’s degree in Real Estate, Finance, Business, Economics, or related field
3-5+ years of experience in commercial real estateleasing, leasenegotiations andadministration,portfolio management, and/or asset management
Technical Proficiency:
Proficiencyin MS Word and Excel
Competency in real estate software a plus (e.g., MRI, Argus, or similar)
All your information will be kept confidential according to EEO guidelines.
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