Macy's
Bloomingdale's makes fashion personal and fun, aspirational yet approachable. Our mission is to guide and inspire our customers to make style a source of creative energy in their lives. We will always strive to make Bloomingdale's like no other store in the world. Everyone plays a critical role in bringing our mission to life.
As part of the Macy's, Inc. Real Estate team, this position is dedicated to supporting the Bloomingdale's store portfolio.
Job Overview
The Director, Real Estate leads the execution of Bloomingdale's real estate strategy within Macy's, Inc. They develop and implement a strategic plan for the full Bloomingdale's real estate portfolio, including Bloomingdale's, Bloomingdale's Outlet, and Bloomie's. A key priority is driving the accelerated expansion of the innovative small-format Bloomie's concept. The Director leverages the current and future physical portfolio to maximize the brand's potential in each market. They focus on enhancing asset value while maintaining operational flexibility through development, redevelopment, and strategic deal-making. What You Will Do
Manage and develop Bloomingdale's real estate assets, including negotiations for new store deals, dispositions, store size optimization, proposed redevelopments, and lease agreements. Lead expansion strategy for all Bloomingdale's store formats (Bloomie's, Outlet, and Full-Line). Lead negotiations for letters of intent (LOIs), leases, renewals, and amendments. Monitor and assess the performance of the existing portfolio to inform optimization strategies. Continuously improve tools, processes, and procedures across the Real Estate and Bloomingdale's business unit teams. Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities. Skills You Will Need
Strategic Real Estate Expertise:
In-depth experience leading portfolio strategy and executing real estate initiatives across multiple store formats. Financial and Analytical Acumen:
High proficiency in real estate financial modeling, including proformas, cap rate analysis, sensitivity and scenario planning. Legal and Negotiation Skills:
Strong understanding of lease language, entitlements, easements, and development agreements; proven success in negotiating favorable deal terms. Who You Are
Candidates with a bachelor's degree in real estate, business, finance, or equivalent work experience in a related field are encouraged to apply. MBA or JD preferred. 7+ years of retail real estate experience. Regularly required to sit, talk, hear; use hands/fingers to touch, handle, and feel. Able to work a flexible schedule based on department and company needs. What We Can Offer You
Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Merchandise discounts Macy's performance-based incentives Annual merit review Employee Assistance Program with mental health counseling and legal/financial advice Tuition reimbursement Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
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The Director, Real Estate leads the execution of Bloomingdale's real estate strategy within Macy's, Inc. They develop and implement a strategic plan for the full Bloomingdale's real estate portfolio, including Bloomingdale's, Bloomingdale's Outlet, and Bloomie's. A key priority is driving the accelerated expansion of the innovative small-format Bloomie's concept. The Director leverages the current and future physical portfolio to maximize the brand's potential in each market. They focus on enhancing asset value while maintaining operational flexibility through development, redevelopment, and strategic deal-making. What You Will Do
Manage and develop Bloomingdale's real estate assets, including negotiations for new store deals, dispositions, store size optimization, proposed redevelopments, and lease agreements. Lead expansion strategy for all Bloomingdale's store formats (Bloomie's, Outlet, and Full-Line). Lead negotiations for letters of intent (LOIs), leases, renewals, and amendments. Monitor and assess the performance of the existing portfolio to inform optimization strategies. Continuously improve tools, processes, and procedures across the Real Estate and Bloomingdale's business unit teams. Foster an environment of acceptance and respect that strengthens relationships, and ensures authentic connections with colleagues, customers, and communities. Skills You Will Need
Strategic Real Estate Expertise:
In-depth experience leading portfolio strategy and executing real estate initiatives across multiple store formats. Financial and Analytical Acumen:
High proficiency in real estate financial modeling, including proformas, cap rate analysis, sensitivity and scenario planning. Legal and Negotiation Skills:
Strong understanding of lease language, entitlements, easements, and development agreements; proven success in negotiating favorable deal terms. Who You Are
Candidates with a bachelor's degree in real estate, business, finance, or equivalent work experience in a related field are encouraged to apply. MBA or JD preferred. 7+ years of retail real estate experience. Regularly required to sit, talk, hear; use hands/fingers to touch, handle, and feel. Able to work a flexible schedule based on department and company needs. What We Can Offer You
Join a team where work is as rewarding as it is fun! We offer a dynamic, inclusive environment with competitive pay and benefits. Merchandise discounts Macy's performance-based incentives Annual merit review Employee Assistance Program with mental health counseling and legal/financial advice Tuition reimbursement Macy's, Inc. is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
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