Real estate investment firm with a national portfolio of shopping, dining, entertainment, and mixed-use destinations as well as a full-service property management platform delivered through their Advisory Services, third-party property and asset management division. Rooted in retail since 1990’s, focused on shaping the evolution of American retail by creating a superior multi-faceted shopping experience through properties that serve not only as a place of commerce, but as a place of community.
Job Title: Business Development & Local Leasing Manager
Reports To: General Manager
FLSA Status: Exempt
Location: Salinas, CA
Position Summary
The Business Development & Local Leasing Manager will identify, evaluate, and develop short term local, regional, and national leasing tenants, advertising partners, and other income opportunities in the common area and temporary in-line locations for the property. This role is responsible for prospecting, negotiating, and securing short term agreements and tenancy that enhance the shopper experience while achieving the financial objectives of the property, including the referral of prospective tenants to leadership for approval, as well as managing and leading short-term License Agreement administration and tenant presentation at the property.
Must communicate effectively and persuasively in an omni-channel fashion with prospective and existing tenants at the local, regional, and corporate level. Strong network of local & regional businesses and advertisers is helpful. Social Media and Digital canvassing skills required.
Essential Job Duties
The successful candidate’s responsibilities include, but are not limited to:
· Locating, identifying, evaluating, and signing Local Leasing tenants, Partnership Marketing/ Media advertisers, and other income sources for the shopping center in both common area and available in-line spaces.
· Developing and implementing a merchandising plan that freshens the consumer experience with best in class local & regional businesses as well as national pop-up partners that complement the permanent leasing tenant mix.
· Developing, maintaining, and growing relationships with existing tenants.
· Collaborating internally to sign deals that drive synergy across all disciplines creating a cohesive and well thought out tenant mix & shopper journey.
· Regularly canvassing the trade area to identify new tenant/partner opportunities, networking with local small businesses & entrepreneurs, and attending relevant trade shows and events to expand the business.
· Networking with area leasing representatives, brokers, and industry associates.
· Identifying and developing new leasable locations in the common area.
Negotiating Lease Agreements:
· Establish Property temp rent guidelines, rate cards, and income objectives for the property based on analysis of sales, permanent leases, and income goals of the property.
· Negotiate Lease Agreements and submit tenant information, terms, locations, and use clause for approval.
· Generate income to achieve assigned financial goals.
· Ensure maximum occupancy and minimum downtime occurs.
· Support in-line leasing efforts by assisting in identifying, developing local tenants into potential permanent tenants.
· Submit reports timely to identify deal making, forecasting, revenue goal achievement and other program implementation status.
· Assist SVP and peer team in identifying potential national tenants and collaborating on the completion of national tenant deals.
Coordinating administrative duties with General Manager (GM) and Property Management staff:
· Coordinate completion of License Agreements, program administration and tenant setup in partnership with local mall team.
· Monitor rent collection, income transmittals, sales reporting, and the accurate processing of License Agreements.
· Submit, monitor, and reconcile monthly and annual income and expense reports.
Assist SVP & Property in achieving best in class merchandising and visual presentation:
· Monitor optimum placement of units/tenants in the common area.
· Coordinate merchandise mix with SVP, perm leasing counterpart, and mall management to ensure best use of space.
· Manage visual presentation standards to current & future tenants.
· Coordinate activity of Visual Merchandiser and tenant to yield best in class presentation of tenant.
Other duties as may be required by SVP including digital canvassing, B2B brand building, special project and national account leadership as assigned.
Skills, Education and Experience:
· Bachelor’s degree preferred.
· Minimum three (3) years of general business, sales, leasing, media, or retail experience.
· Basic math and accounting skills.
· Tech skills – Excel, Word, Outlook, PowerPoint or Canva, Instagram, Facebook.
· Well-developed interpersonal and negotiating skills.
· Effective oral and written communication skills.
· Resourcefulness, creativity, and well-developed awareness of design principles.
· A community builder with a passion for being part of retail reinvention & evolution.
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