Director, Real Estate
Position Summary
The Director of Real Estate will be responsible for creation and implementation of New Store development strategy via site selection, deal negotiations and presentations, and development oversight for new and relocation projects. This individual will manage external Development partners to ensure the execution of the Real Estate strategy for a specific geographical region.
1. Coordinate Real Estate strategy with Store Operations for all existing locations. Identify opportunities for placement of new store locations in existing and new markets.
2. Find and secure new store locations, existing store relocations and expansions that will support profitable CVS stores by utilizing contacts with developers, brokers, principals, and other real estate representatives. Work with market research group using demographic data, local municipal information, and trade area maps to identify potential new sites. Manage and communicate all information relating to Real Estate projects. This process is a coordinated effort with internal departments and external partners. The information includes but may not be limited to:
developer cost sheets, sales forecast proformas, market research data, competitor information and all presentation materials needed to support the site. Prepare and present deal to CVS Real Estate Committee.
3. Coordinate with Real Estate Deal Manager to ensure completion of appropriate post approval tasks to effectuate a land closing or lease signing, including negotiations with landlord, management of developer and completion of all due diligence items.
4. Negotiate lease extensions and renewals for the existing store fleet.
Position will be based out of Scottsdale, AZ.
Position Summary
The Director of Real Estate will be responsible for creation and implementation of New Store development strategy via site selection, deal negotiations and presentations, and development oversight for new and relocation projects. This individual will manage external Development partners to ensure the execution of the Real Estate strategy for a specific geographical region.
1. Coordinate Real Estate strategy with Store Operations for all existing locations. Identify opportunities for placement of new store locations in existing and new markets.
2. Find and secure new store locations, existing store relocations and expansions that will support profitable CVS stores by utilizing contacts with developers, brokers, principals, and other real estate representatives. Work with market research group using demographic data, local municipal information, and trade area maps to identify potential new sites. Manage and communicate all information relating to Real Estate projects. This process is a coordinated effort with internal departments and external partners. The information includes but may not be limited to:
developer cost sheets, sales forecast proformas, market research data, competitor information and all presentation materials needed to support the site. Prepare and present deal to CVS Real Estate Committee.
3. Coordinate with Real Estate Deal Manager to ensure completion of appropriate post approval tasks to effectuate a land closing or lease signing, including negotiations with landlord, management of developer and completion of all due diligence items.
4. Negotiate lease extensions and renewals for the existing store fleet.
Position will be based out of Scottsdale, AZ.
Preferred Qualifications
Independent reasoning ability, strong analytical skills and computer skills. Specialized proficiency with minimal supervision. Advanced degree preferred.
Required Qualifications
1. Minimum 7 years' experience in ground up, commercial real estate development for a similar kind of retailer (mid-sized, box developer, ideally with drive thru's and at major intersections)
2. Proven negotiation skills, presentation skills and track record.
3. Ability to manage multiple tasks at a fast pace.
4. Bachelor's degree required, advanced studies preferred.
5. Valid Driver's License required
6. Ability to travel 50-75% of the time.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
The Director of Real Estate will be responsible for creation and implementation of New Store development strategy via site selection, deal negotiations and presentations, and development oversight for new and relocation projects. This individual will manage external Development partners to ensure the execution of the Real Estate strategy for a specific geographical region.
1. Coordinate Real Estate strategy with Store Operations for all existing locations. Identify opportunities for placement of new store locations in existing and new markets.
2. Find and secure new store locations, existing store relocations and expansions that will support profitable CVS stores by utilizing contacts with developers, brokers, principals, and other real estate representatives. Work with market research group using demographic data, local municipal information, and trade area maps to identify potential new sites. Manage and communicate all information relating to Real Estate projects. This process is a coordinated effort with internal departments and external partners. The information includes but may not be limited to:
developer cost sheets, sales forecast proformas, market research data, competitor information and all presentation materials needed to support the site. Prepare and present deal to CVS Real Estate Committee.
3. Coordinate with Real Estate Deal Manager to ensure completion of appropriate post approval tasks to effectuate a land closing or lease signing, including negotiations with landlord, management of developer and completion of all due diligence items.
4. Negotiate lease extensions and renewals for the existing store fleet.
Position will be based out of Scottsdale, AZ.
Position Summary
The Director of Real Estate will be responsible for creation and implementation of New Store development strategy via site selection, deal negotiations and presentations, and development oversight for new and relocation projects. This individual will manage external Development partners to ensure the execution of the Real Estate strategy for a specific geographical region.
1. Coordinate Real Estate strategy with Store Operations for all existing locations. Identify opportunities for placement of new store locations in existing and new markets.
2. Find and secure new store locations, existing store relocations and expansions that will support profitable CVS stores by utilizing contacts with developers, brokers, principals, and other real estate representatives. Work with market research group using demographic data, local municipal information, and trade area maps to identify potential new sites. Manage and communicate all information relating to Real Estate projects. This process is a coordinated effort with internal departments and external partners. The information includes but may not be limited to:
developer cost sheets, sales forecast proformas, market research data, competitor information and all presentation materials needed to support the site. Prepare and present deal to CVS Real Estate Committee.
3. Coordinate with Real Estate Deal Manager to ensure completion of appropriate post approval tasks to effectuate a land closing or lease signing, including negotiations with landlord, management of developer and completion of all due diligence items.
4. Negotiate lease extensions and renewals for the existing store fleet.
Position will be based out of Scottsdale, AZ.
Preferred Qualifications
Independent reasoning ability, strong analytical skills and computer skills. Specialized proficiency with minimal supervision. Advanced degree preferred.
Required Qualifications
1. Minimum 7 years' experience in ground up, commercial real estate development for a similar kind of retailer (mid-sized, box developer, ideally with drive thru's and at major intersections)
2. Proven negotiation skills, presentation skills and track record.
3. Ability to manage multiple tasks at a fast pace.
4. Bachelor's degree required, advanced studies preferred.
5. Valid Driver's License required
6. Ability to travel 50-75% of the time.
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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