United States Job Openings

Albertsons Companies

Senior Real Estate Manager

Phoenix

FULL TIME

October 14, 2024

About the company

Albertsons Companies is at the forefront of the revolution in retail. With a fixation on raising the bar with innovation and building belonging through our culture, our team is rallying our company around a unique purpose : to create joy around each table and inspire a healthier tomorrow for every community.

Albertsons Companies is one of the largest food and drug retailers in the United States, with over 2,200 stores in 34 states and the District of Columbia. Our well-known banners include Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets, and Balducci's Food Lovers Market. We support our stores with 22 distribution centers and 19 manufacturing plants.

Placing a premium on adaptability, safety and family well-being, our work model, Presence with a Purpose, offers a hybrid work environment between remote work and office time. A one-size-fits-all approach does not apply to everyone, and teams are empowered to make decisions best for them.

Bring your flavor

Building the future of food and well-being starts with you. Join our team and bring your best self to the table.

#bringyourflavor

#LI-HM3

What you will be doing

The Senior Real Estate Manager (SREM) represents the Company in real estate transactions within an assigned geography or for identified corporate wide initiatives. The SREM is a strategic thinker that develops the analytical bases for acquisitions, leasing, and asset disposition transactions. In addition, the SREM has responsibility for identifying and evaluating value enhancement opportunities for current assets.

The position will be based in our main regional office in Phoenix, AZ.

Main responsibilities

Develop and execute real estate strategy for strategic placement of new stores and fuel centers.

Strategic asset management of existing stores (operating and surplus) within assigned territory.

Execute real estate transactions, including planning, negotiating, and execution of transactions.

Ensure the real estate transactions meet the financial and operating objectives of the Company.

Coordinate the overall real estate process by working with Store Planning, Construction, Legal, Store Operations and Finance.

Lead, plan, and participate in site visits for real estate selection.

Presentations at monthly Real Estate Committee Meetings.

A copy of the full job description can be made available to you.

What we are searching for

Proactive self-starter with an owner/investor/developer attitude.
* Thought leader with ability to influence tenants, landlords, management, and investors to action.
* Advanced understanding of real estate concepts, documentation, and the ability to close deals with limited supervision.

Background and Skill Development
* Strong market analysis aptitude, the will to win and to outpace competitors, natural curiosity to learn, analytical mindset, and profit-oriented approach.
* Well-honed financial skills with the ability to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions and outcomes.
* Strong negotiation aptitudes leading to the ability to negotiate multi-million-dollar transactions to a successful conclusion.
* Strategic minded with the ability to analyze situations quickly and make recommendations for underperforming real estate assets (e.g., closing, lease re-negotiation).
* Understands standard financial statements and can assess potential credit worthiness of tenants.
* Demonstrates an advanced understanding of real estate valuation methods including cap rates, market comparable and replacement cost. *Knowledge of the real estate entitlement process.

Leadership and Communication
* Team player able to lead internal and external teams in a fast-paced retail real estate environment, and partner with and influence Senior Real Estate Leadership.
* Integrity and professionalism to represent the Company's interests to outside investors, professionals, and vendors as well as teammates.
* Excellent communication skills both written and verbal.
* Advanced computer skills including Excel, Word, Power Point, and Outlook.
* Acts in a competent, professional, and timely manner.

We believe the successful candidate has these qualifications and experience:

At least 5 years of relevant experience in corporate real estate, shopping center development, and/or real estate department with a major retailer.

Bachelor's degree required, with emphasis or coursework in Real Estate, Finance, Civil Engineering, Geography or General Business preferred

Strong market knowledge of the SW United States including main grocery and Real Estate companies within geography.

Ability to travel one to two times/mo. in territory

What is it like at Albertsons?

Our 290,000 associates have a passion for great service and building lasting relationships with our customers. Through a companywide focus on innovation, we are continually enhancing our digital and product offerings, making it easy for customers to get what they need, wherever they are.

Albertsons is an Equal Opportunity Employer

This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, gender identity/expression, sexual orientation, or on any other basis prohibited by law. Consistent with applicable state and local law, the Company will consider for employment qualified applicants with arrest and conviction records.

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact us at 1-888-255-2269(option #4).

A copy of the full job description can be made available to you.

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