Real Estate Development Manager

LOCATION: Cary, NC or Anywhere in South Carolina
JOB TYPE: Full-time
DEPARTMENT: South Atlantic Unit - Real Estate
OPENING DATE: 2016/07/08
CLOSING DATE: 2016/12/31

JOB TITLE                   Real Estate Development Manager

COMPANY:                   Circle K Stores Inc.

DEPARTMENT:             South Atlantic Unit - Real Estate

FLSA STATUS:            Exempt

REPORTS TO:             Real Estate Director

LOCATION:                  Cary, NC or Anywhere in South Carolina

OPENING DATE:           07/01/2016

CLOSING DATE:           Until Filled

                       

JOB SUMMARY

Locate, research and secure land under company guidelines for high-performing new Circle K convenience stores within a designated geographic area of NC, SC and VA.  Particularly responsible for site selection, land acquisition and securing entitlements for new-to-industry stores, relocations of existing stores and raze/rebuild/expand-in-place existing stores.  Ensures timely completion, submittal and support of site approval packages to senior management; successful real estate closings and ground lease negotiations.  Works closely with Facilities/Construction Department personnel and municipal officials to produce new stores in a timely fashion.  Contributes to ongoing strategic review of company real estate assets, monitoring competitive and local economic activities especially where such may impact company stores.

 

KEY RESPONSIBILITIES

·       Works independently and/or with broker support to implement tactical actions identified in comprehensive network plan for each market in region while providing insight for ongoing restructuring of network plan.

·       Prepares market development plans by segmenting markets into smaller trade areas, rides areas and identifies sites for each area as well as identifying desirable competitors’ stores for possible acquisition.

·       Negotiates and structures transactions suitable to company’s financial goals and strategies.

·       Analyzes and presents comprehensive presentation packages for each site to senior management for review and approval.  Conducts further research and analysis as required.

·       Contributes to departmental acquisition goals by completing due diligence, assists in the closing process and assimilation of potential acquisitions into the Circle K system.

·       Reports regularly on the status of all development projects.

·       Monitors competitive strategies and activities.

·       Ensures compliance with requirements, policies and regulations by adhering to corporate systems, policies, procedures and governmental regulations; advises management on needed actions.

·       Coordinates with construction personnel, engineers, architects, attorneys and municipal officials to facilitate the design and construction of convenience stores.

·       Initiates and organizes real estate market tours, compiles site ride binders and market summaries for executive market visits.

·       Contributes to team effort by accomplishing related Financial and Key Result Area (KRA) targets pursuant to Company plans and guidelines.

QUALIFICATIONS

·       Bachelor’s degree in Business or related area preferred. Other combinations of experience and education that meet the requirements may be substituted.

·       Three years of experience in general commercial brokerage, development, finance or corporate real estate management with emphasis in commercial/retail/fuel/convenience store industries. Requires advanced skills in project/property economic & feasibility analysis.

·       Proficiency in MS Access, Word, Excel, PowerPoint, and Oracle required. Experience with demographic mapping software highly desirable.

·       Valid driver’s license and good driving record; able to travel overnights within an assigned territory.

·       Knowledge of SC and NC markets including competition strategies and locations.

·       Strong team orientation with excellent interpersonal skills and able to work in a busy environment with multiple changing priorities and deadlines. Must be willing to adapt to the changeable responsibilities of the position. 

Only applicants with prior experience developing new store locations for a retail company, preferably in the convenience store industry will be considered.  

Job duties may change with or without advance notice.

 

PLEASE NOTIFY YOUR SUPERVISOR OF YOUR INTENT TO APPLY FOR THIS POSITION BY OBTAINING HIS/HER SIGNATURE ON THE INTERNAL POSTING APPLICATION FORM.  AFTER APPROVAL SEND THE SIGNED FORM & RESUME TO:

 

David Bordsen 
Director of Real Estate

305 Gregson Drive

Cary, NC 27526

dbordsen@circlek.com

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