| Overall Position Objectives: - Maximize the leasing potential of the Company's shopping center portfolio by analyzing, planning and implementing leasing strategy to attain the financial and tenant mix objectives of shopping center ownership.
- Represent the Company to existing and prospective tenants, brokers and other outside contacts in a positive and professional manner.
- Leads and manages assigned centers; collaborates with all stakeholders to drive business and develops new opportunities.
Key Position Accountabilities: - Understand the key characteristics of the Company’s shopping center portfolio. Thoroughly understand and continually reassess characteristics of assigned shopping centers, including physical condition, demographic composition, market rental rates, co-tenancy, trade area competition, and traffic patterns.
- Compile and use data to target, attract and finalize leases with appropriate tenants by convincingly presenting benefits of the Company shopping centers, maintaining credibility, and understanding and matching tenant requirements with shopping center attributes.
- Research, analyze and make recommendations concerning prospective tenants for assigned shopping centers based on credit/financing impact, tenant mix, and return on investment. Pursue national, regional and local tenants within the targeted use categories via regular and systematic canvassing, cold calling, and networking.
- Identify, qualify, originate, and negotiate terms and conditions of new and renewal retail lease transactions, generally under 40,000 s.f., for in-line and freestanding units within the Company's shopping center portfolio. Work closely with tenant representatives, attorneys, and brokers, following through to completion of the final lease document.
- Fully document the nuances of each prospective deal. Regularly communicate with ownership and other functional areas of the Company via lease logs, regular leasing report updates, and in person to ensure an accurate understanding of leasing status and opportunities.
- Facilitate the coordination and negotiation of initial tenant and landlord construction requirements with tenants and the Company tenant construction coordinator and/or development department.
- Negotiate commission agreements with outside brokers, obtaining approval of ownership as necessary.
- Provide budget re/forecast information to ensure that the budget realistically reflects projected leasing activity.
- Attend ICSC convention meetings to develop and maintain tenant contacts and promote leasing opportunities.
- Maintain the confidentiality of records, contracts, files, correspondence and all matters in which this position is involved.
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