Director of Leasing

POSITION SUMMARY:

This position is responsible for negotiating new leases, lease renewals, lease assignments and amendments for a given market in accordance with the shopping center strategy. This position participates in marketing to minimize vacancies and improve tenant mix and maintains budgets. This position identifies value-add opportunities and offers strategic solutions for NOI growth and portfolio optimization.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Identifies new tenants and creates compelling reasons for the tenant to join the project. Regularly meet with tenants and brokers including travel.
• Meets or exceeds quarterly leasing goals within the approved proforma.
• Curates a merchandise mix that aligns with the business plan and strategy.
• Collaborates with development, asset management, and legal to negotiate LOIs, leases and work letters.
• Represents the company to the brokerage and tenant community with a high degree of professionalism
• Identifies opportunities during the development stage to maximize the value of the project for the long term.
• Create appropriate leasing and marketing plans for all portfolio properties including market rental/target rent process for all properties.
• Collaborates with the tenant coordinator throughout the process to ensure successful tenant opening and positive relationships.
• Understands the tenant’s business model, sales projections, growth plans both digital and physical, and financial strength
• Develops strategy and presents options to mitigate risk and maximize returns on individual deal structures.
• Preparation of Comparable Market Analysis as needed including quarterly market comps and understanding of the competitive development landscape.
• Collaborate with Property Management and Legal on Correspondence and Tenant notices covering evictions, end of term, renewal, violation, default, late payment and other issues, as required.
• Research and provide lease provision inquiries, as requested.
• Network to build new leads both internally and externally
• Coordinates with marketing, to best advertise new Tenant openings and center strategy.
• Stays current on recent deal activity in the marketplace and tenant performance to assess rental rates and occupancy threshold.
• Conducts property tours with tenants and other stakeholders.
• Participates in the annual budget and reforecast process.

QUALIFICATIONS, KNOWLEDGE AND SKILL REQUIRED:

• Bachelor’s degree.
• 7-10 years of Leasing experience.
• A high degree of initiative and independent judgment.
• Strong negotiation, analytical, influencing, and interpersonal skills are essential.
• Background in reviewing financial information and communicating results.
• Outstanding organizational skills and attention to detail.
• Ability to prioritize workload and meet deadlines.
• Strong verbal and written communication skills.
• Ability to interpret and understand legal documents.
• Ability to present information concisely and effectively.
• Advanced Microsoft Office skills, especially Excel.

PHYSICAL AND ENVIRONMENTAL REQUIREMENTS:

• Use of a computer screen for extended periods.
• Occasional lifting up to 30 lbs.
• Extended working hours and travel may be necessary.
• May require the ability to remain in a stationary position.
• Requires touring shopping centers and retail stores.

The above statements are intended to describe the general nature and level of work being performed by the individual(s) assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary.

First Washington Realty is an equal opportunity employer and does not discriminate based on race, color, religion, national origin, gender, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other status protected by law.