Position Summary:
Oversee execution of enterprises brick & mortar capital strategy to deliver ROIC over time, including major projects, within wall remodels, fuel centers, and Kroger Pickup. Lead real estate asset management efforts across multiple divisions, including network evaluation, lease restructuring, expense reduction and new 1045 property management opportunities. Demonstrate the companys core values of respect, honesty, integrity, diversity, inclusion and safety.
Key Responsibilities:
- Train, lead, and direct the work of internal/external resources in numerous areas of expertise and with significant span of control
- Partner with the Real Estate Finance & Strategy department to evaluate leased stores within a defined geographic area for opportunities to restructure leases, in some cases offering extended term in exchange for meaningful financial benefits
- Partner with all 1045 stakeholders in evaluating opportunities to drive 3rd party business to 1045, including 3rd party property management and other fee-based opportunities
- Evaluate landlord common area maintenance costs to ensure best pricing, and negotiate ways to reduce maintenance costs to industry standards
- Ensure good communications and efficient productivity in the completion of construction and maintenance of stores by working closely with Regional Facility Engineers
- Partner with Shared Services and 1045 to ensure division leadership and stores receive professional levels of back-office support, including property management, expense collection, maintenance, 3rd party approvals, etc.
- Negotiate/manage 3rd party consultants to negotiate the best possible lease restructuring transactions through proficient and aggressive negotiating
- Partner with divisions to submit capital projects to Capital Committee, including accurate financial analyses and ancillary written supporting documentation required for submittal
- Manage team of 3rd party consultants/brokers within defined territories; ensure the highest degree of market intelligence, execution, integrity and accountability with consultants/brokers and include them in strategic planning meetings with leadership
What you’ll have:
- Proficient with standard business software
- 7+ 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
- 7+ years of experience in real estate with another retailer or real estate development company, including in property management
- Excellent oral/written communication skills
- Ability to read/interpret general business periodicals, professional journals, technical procedures, or governmental regulations
- Strong attention to detail
- Bachelor’s Degree in business or real estate
- Ability to write reports, business correspondence, and procedure manuals
- Ability to effectively present information and respond to questions
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
- Ability to develop others