Job Overview
Employment Type
Full-time
Work Schedule
Standard Hours
Flexible
Benefits
Health Insurance
financial wellness programs
personal wellness programs
Paid Time Off
Equal Opportunity Employer status
Job Description
Five Below is a dynamic and rapidly growing retail company that focuses on providing an exceptional shopping experience through an impressive assortment of items priced at $5 or below. Founded with the vision of making life more enjoyable by offering the newest, coolest products at unbelievably low prices, Five Below has carved out a unique niche in the retail landscape. With over 20,000 associates across numerous locations, the company prides itself on a vibrant culture that emphasizes the Five Below Way – a set of core values and behaviors that promote creativity, passion, fun, and teamwork in the workplace. This... Show More
Job Requirements
- Bachelor’s degree
- 3+ years of experience in retail real estate
- 2+ years of experience in market planning, site selection and deal negotiation
- Working knowledge of regional retail markets
- Experience managing brokers and legal counsel
- Strong communication and negotiation skills
- Ability to work in an ambiguous environment
- Attention to detail and deadlines
- Self-motivated
- Understanding of real estate and legal principles
Job Qualifications
- Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
- 3+ years of experience in retail real estate field is required
- 2+ years previous experience in market planning, site selection and deal negotiation
- Must have working knowledge of regional retail markets, shopping centers and major developers
- Experience managing third party service providers, including master brokers, 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
Job Duties
- Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory
- Collaborate closely with local broker teams and Real Estate Senior Analyst 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
- Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
- Manage/Mentor RE Coordinator partner - incorporating personal development plans, goal planning and promote exposure opportunities
- Conduct field tours with key stakeholders of potential and existing locations
- Work closely with legal counsel 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 and 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 and National ICSC Conventions
Job Qualifications
Experience
Mid Level (3-7 years)
Job Location
We didn't receive the exact location for this job posting,
please contact the employer.
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