Note: The job is a remote job and is open to candidates in USA. Five Below is a rapidly growing value retailer focused on creating a fun, energetic shopping experience through its people, culture, and low-priced merchandise. The Real Estate Analyst, West will execute market planning, site selection, lease negotiations, and store lifecycle activities across an assigned territory, collaborating with brokers, legal counsel, and internal business partners to support new store growth and relocations.
Responsibilities
- Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory with oversight of Sr. real estate manager
- Collaborate closely with local broker teams & Manager of Analytics/Senior Real Estate Manager to develop, refine and execute market plan
- Collaborate closely with construction, design, facilities, finance and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
- Responsible for site selection of new store locations and existing store repositioning opportunities with oversight of Sr Real Estate Manager
- Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
- Conduct field tours with key stakeholders of potential and existing locations
- Work closely with legal counsel (and Sr. Manager) on all lease negotiations in assigned territory
- Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
- Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
- Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory
- Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities
- Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories
- Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners
- Attend/represent Five Below at select Regional & National ICSC Conventions
- Assist the real estate team with ad-hoc projects as assigned, leveraging individual strengths, skills and relevant experience
Skills
- 3+ years of experience in retail real estate field is required
- 1+ years previous experience in market planning, site selection & deal negotiation
- Experience managing third party service providers, including local market brokers and outside legal counsel
- Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
- Strong negotiation and transaction management skills
- Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
- Ability to recall information easily
- Self-motivated with critical attention to detail and deadlines
- Strong understanding of real estate practices and related legal principles
- Must be able to travel frequently
- Bachelor's Degree or Master's Degree in Business Administration or real estate/finance related concentration is preferred
Benefits
- Remote work arrangement
- Health coverage
- Financial wellness support
- Personal wellness support
Company Overview