QuikTrip
Real Estate Acquisition Manager (Charlotte, NC)
QuikTrip, Charlotte, North Carolina, United States, 28245
Job Title: Real Estate Acquisition Manager (Charlotte, NC)
Primary Purpose of Job
Assist the Director of Real Estate or Division Real Estate Manager in identification of potential store locations. Manage the acquisition of approved locations and assist with obtaining the necessary zoning, variances, plan approvals and permits for the construction of new stores and store projects to meet the goals of the Strategic Plan. Control professional service and development costs on all projects and represent the company’s interests in the local real estate and development community. Lead, mentor and train new employees and peers with less experience. Major Functions
Maintain a sufficient number of locations for review and approval by the Director of Real Estate or Division Real Estate Manager to achieve the goals of the Strategic Plan. Develop and maintain expert knowledge of each box and area as assigned. Maintain a workload commensurate with advanced experience in real estate. Identify and research potential sites. Prepare Site Approval packages per the guidelines. Develop an acquisition strategy for placing a site under contract. Obtain the correct location. Control land costs. Expedite the acquisition process. Meet the productivity goals of site approvals established for the current fiscal year (e.g., 25%). Negotiate all deals to the company’s utmost benefit. Employ perseverance and a sense of urgency. Utilize creative real estate strategies. Maintain a network of skilled, production-oriented real estate brokers. Understand basic real estate values in the market. Meet productivity goals of contracts signed established for current fiscal year (e.g., 25%). Assist the Real Estate Project Manager in representing the company on zoning, planning, variance and permitting issues including meeting with state, county and city planning, zoning and engineering departments and attending relevant public meetings. Develop and maintain professional relationships with utility companies, governmental agencies, elected officials, developers, brokers, investors, landlords, attorneys, consultants and title companies. Participate in various public initiatives that benefit the company (e.g., 10% contribution). Assist the Real Estate Project Manager in overall project management: conduct handoff of project information, assist with development and implementation of the critical path, support site development process, meet federal, state and local municipal requirements, retain QuikTrip standards, ensure profitability of location, limit dead deal costs, provide timely project reporting and tracking (e.g., 5% efficiency targets). Prepare and manage contracts, leases, easements and development agreements; ensure timely, accurate completion, coordinate with attorney/General Counsel, review with directors, meet deadlines, prepare documents for escrow close, ensure Title Insurance policy meets standard procedures (e.g., 15% accuracy). Coordinate documents between Sellers, Neighbors and Store Development personnel: easements, escrow agreements, development agreements, utility plans, property dimensions, miscellaneous documents (e.g., 10% standards). Assist high-level Real Estate leadership with special projects such as Sale Lease Back Program, Surplus Property Program, operating store lease extensions, right of first refusal and other requirements. Maintain open, ongoing communication with construction personnel: attend pre-bid and pre-construction meetings, ensure accurate preparation of bid and construction documents, provide details of design, permitting, utility, signage, landscaping and construction issues, and provide assistance to Construction Manager in issue/conflict resolution and cost control. Relationships
Reports to: Director of Real Estate or Division Real Estate Manager. Indirectly supervises: Store Development Coordinator. Inside the Company: Store Development, Corporate Counsel, Store Development Accounting, Operations staff. Outside the Company: Brokers, developers, surveyors, engineers, architects, governmental officials, attorneys, investors, property owners and other consultants. Position Specifications
Required Education:
College degree in Real Estate, Business, Engineering or equivalent experience. Desired Education:
Advanced degree in Business or Engineering. Required Experience:
Three years’ experience in commercial real estate acquisition and/or development. Desired Experience:
Five years’ experience in a commercial real estate acquisition and/or development. Required Skills:
Layout site plans, estimate construction costs, excellent negotiation, communication, organizational skills; personal computer proficiency; critical thinking and problem-solving. Desired Skills:
Experience in site selection, contract and lease negotiation and project management. Additional Criteria:
Must be available by phone/email, accessible via calendar, contacts and data while out of the office; proficiency expected within two years; advancement to Real Estate Manager II within three years; must be able to travel extensively to existing QT markets and/or RSN regions. Compensation and Benefits
Starting Salary:
$137,600 - $172,000. Benefits:
Employee Benefits – QuikTrip. Employment Type:
Full-time. Seniority Level:
Mid‑Senior level. Position May Require Future Relocation.
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Assist the Director of Real Estate or Division Real Estate Manager in identification of potential store locations. Manage the acquisition of approved locations and assist with obtaining the necessary zoning, variances, plan approvals and permits for the construction of new stores and store projects to meet the goals of the Strategic Plan. Control professional service and development costs on all projects and represent the company’s interests in the local real estate and development community. Lead, mentor and train new employees and peers with less experience. Major Functions
Maintain a sufficient number of locations for review and approval by the Director of Real Estate or Division Real Estate Manager to achieve the goals of the Strategic Plan. Develop and maintain expert knowledge of each box and area as assigned. Maintain a workload commensurate with advanced experience in real estate. Identify and research potential sites. Prepare Site Approval packages per the guidelines. Develop an acquisition strategy for placing a site under contract. Obtain the correct location. Control land costs. Expedite the acquisition process. Meet the productivity goals of site approvals established for the current fiscal year (e.g., 25%). Negotiate all deals to the company’s utmost benefit. Employ perseverance and a sense of urgency. Utilize creative real estate strategies. Maintain a network of skilled, production-oriented real estate brokers. Understand basic real estate values in the market. Meet productivity goals of contracts signed established for current fiscal year (e.g., 25%). Assist the Real Estate Project Manager in representing the company on zoning, planning, variance and permitting issues including meeting with state, county and city planning, zoning and engineering departments and attending relevant public meetings. Develop and maintain professional relationships with utility companies, governmental agencies, elected officials, developers, brokers, investors, landlords, attorneys, consultants and title companies. Participate in various public initiatives that benefit the company (e.g., 10% contribution). Assist the Real Estate Project Manager in overall project management: conduct handoff of project information, assist with development and implementation of the critical path, support site development process, meet federal, state and local municipal requirements, retain QuikTrip standards, ensure profitability of location, limit dead deal costs, provide timely project reporting and tracking (e.g., 5% efficiency targets). Prepare and manage contracts, leases, easements and development agreements; ensure timely, accurate completion, coordinate with attorney/General Counsel, review with directors, meet deadlines, prepare documents for escrow close, ensure Title Insurance policy meets standard procedures (e.g., 15% accuracy). Coordinate documents between Sellers, Neighbors and Store Development personnel: easements, escrow agreements, development agreements, utility plans, property dimensions, miscellaneous documents (e.g., 10% standards). Assist high-level Real Estate leadership with special projects such as Sale Lease Back Program, Surplus Property Program, operating store lease extensions, right of first refusal and other requirements. Maintain open, ongoing communication with construction personnel: attend pre-bid and pre-construction meetings, ensure accurate preparation of bid and construction documents, provide details of design, permitting, utility, signage, landscaping and construction issues, and provide assistance to Construction Manager in issue/conflict resolution and cost control. Relationships
Reports to: Director of Real Estate or Division Real Estate Manager. Indirectly supervises: Store Development Coordinator. Inside the Company: Store Development, Corporate Counsel, Store Development Accounting, Operations staff. Outside the Company: Brokers, developers, surveyors, engineers, architects, governmental officials, attorneys, investors, property owners and other consultants. Position Specifications
Required Education:
College degree in Real Estate, Business, Engineering or equivalent experience. Desired Education:
Advanced degree in Business or Engineering. Required Experience:
Three years’ experience in commercial real estate acquisition and/or development. Desired Experience:
Five years’ experience in a commercial real estate acquisition and/or development. Required Skills:
Layout site plans, estimate construction costs, excellent negotiation, communication, organizational skills; personal computer proficiency; critical thinking and problem-solving. Desired Skills:
Experience in site selection, contract and lease negotiation and project management. Additional Criteria:
Must be available by phone/email, accessible via calendar, contacts and data while out of the office; proficiency expected within two years; advancement to Real Estate Manager II within three years; must be able to travel extensively to existing QT markets and/or RSN regions. Compensation and Benefits
Starting Salary:
$137,600 - $172,000. Benefits:
Employee Benefits – QuikTrip. Employment Type:
Full-time. Seniority Level:
Mid‑Senior level. Position May Require Future Relocation.
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