Real Estate Transaction Manager

AUTOMOTIVE PARTS GROUP

Position Mission:

(Summarize the reason this position exists; its fundamental purpose.) Serves as the real estate transaction manager for company operated stores throughout the United States. Supports field managers with negotiations, counsel, and information regarding existing company real estate, acquisitions, dispositions and surplus real estate.

Position Performance Measures:

(List the key performance indicators.) Negotiates lease renewals for company operated stores on a 24-30 month rolling cycle. Tracks lease renewal savings. Assists with disposition of company surplus property via sale or sublease and tracking of sublease income. Completes lease negotiations for expansions of company operated stores. Develop and execute company owned portfolio leasing strategy via lease action plans for each company division. Provides real estate support on acquisitions.

Responsibilities:

The following section contains the primary responsibilities for this position. Job holder is responsible for performing any other duties as assigned by management. List the significant activities that support that function, for instance manage the annual store audit process. Where possible use language that ties the job back to the company mission and vision. Contacts landlords and negotiates terms for lease renewals, extensions, expansions, terminations, acquisitions and/or disposition including negotiations for leasehold improvements. Partners with field management to explain revised lease terms and obtains approval. Explains real estate and lease circumstances to field managers as needed including lease interpretation as questions arise. Develops and maintains accurate and up-to-date lease action plans for all stores within company portfolio in database. Ensures lease action plans are implemented prior to lease expiration or other critical dates. Prepares real estate approval packages for all new and relocated sites, including executive summary, proformas, competitor information, market data, etc. Works with field to gather needed information and complete forecasts. Communicates approved lease action plans with various company executives and the lease administration department. Advises the lease administration department on the status of all month-to-month leases, lease extensions, and amendments. Assists with the disposition of company surplus properties, including marketing, sale or sublease negotiation, account receivable collection, etc. Partners with brokers to find new tenant and negotiates lease agreement. Reports sublease activity to field management. Assists with preparation of lease agreements and assignments for acquisition projects. Estimates property value by researching and analyzing property information for market comps, acquisitions, and financial audits. Conducts ad hoc analysis quickly with high degree of accuracy. Performs other real estate tasks as directed.

Experience, Education, and Abilities:

(what does a person accepting the position have to bring with them to successfully fulfill the minimum job responsibilities. Include working conditions here as well.) Bachelor's degree or equivalent work experience required. 3 - 5 years previous experience in commercial and/or retail real estate environment. Understands key finance principals including capital budgeting, internal rate of return, cash flow analysis, etc. Must have ability to interpret commercial lease language and understand other real estate documents. Must possess strong communication skills and the ability to present complex and details analysis. Strong organization skills required and must have the ability to manage multiple, complex projects simultaneously. Demonstrated customer service and negotiation skills. Must be able to meet deadlines. Ability to work well with both internal and external customers. Must be able to work with limited supervision within a team environment. Proficiency in MS Word, Excel, and MS Office Suite. Previous experience with real estate databases strongly preferred. Work is performed in a typical office environment Not the right fit? Let us know you're interested in a future opportunity by joining our Talent Community on jobs.genpt.com or create an account to set up email alerts as new job postings become available that meet your interest! GPC conducts its business without regard to sex, race, creed, color, religion, marital status, national origin, citizenship status, age, pregnancy, sexual orientation, gender identity or expression, genetic information, disability, military status, status as a veteran, or any other protected characteristic. GPC's policy is to recruit, hire, train, promote, assign, transfer and terminate employees based on their own ability, achievement, experience and conduct and other legitimate business reasons. Since 1928, GPC has set the standards for performance and value for our customers and our stakeholders. Today, we're proud to say we're the largest global auto parts network and a leading industrial parts distributor, one that offers rewarding careers that combine small company feel with a global scale. Our strengths are in the relationships we build and the value we deliver by merging local expertise with a global force.