Specialty Leasing Associate Job in Wynnewood 19096, Pennsylvania Us


If you are looking for something new, exciting and challenging and you are willing to make a commitment to excellence, then this might be the place for you. We have always believed in doing things right and the entire team knows the importance of hiring others who share their passion and commitment to being a great real estate company. At the end of the day, we redevelop, lease, and manage high quality retail assets to maximize the return on our entire portfolio, but that effort happens on an asset by asset basis and it has always been individuals who make the differences that count.

Thanks for your interest in becoming a part of our team.

POSITION
Specialty Leasing Associate

Position Description:

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management and redevelopment of high quality retail assets. Federal Realty's portfolio (excluding joint venture properties) contains approximately 18.6 million square feet located primarily in strategically selected metropolitan markets in the Northeast, Mid-Atlantic, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 93.3% leased to national, regional, and local retailers as of September 30, 2011, with no single tenant accounting for more than approximately 2.6% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 44 consecutive years, the longest record in the REIT industry. Federal Realty is an SP MidCap 400 company and its shares are traded on the NYSE under the symbol FRT.

Federal Realty Investment Trust’s Northeast Regional office, located in Wynnewood, Pennsylvania, is sourcing for a Specialty Leasing Associate. The successful candidate will facilitate the growth and development of the Northeast Regional Specialty Leasing program. Under the direction of the Director, Asset Management you will oversee the leasing process for temporary tenant space including in-line, vending, sponsorships, carts, parking lot events, signage and other forms of temporary income other than permanent leasing. This position is responsible for generating new revenue through Specialty Leasing and temporary deal making for multiple shopping centers within 7 states by canvassing, cold-calling, and growing existing tenants by adding new concepts. This position will be required to meet specific new business income goals through aggressive deal making. Must have the ability to evaluate tenancies throughout the designated portfolio and implement strategies to increase cash flow.

RESPONSIBILITIES:
•Prospect for potential tenants in all venues including local malls, street retail and any forum that has the potential to yield new tenant opportunities. Success of the program and achieving results is directly related to a high level of prospecting and cold calls.
•Negotiate new leases, renewal agreements, and other various lease documents.
• Fill vacant retail spaces and the common area with revenue producing tenants and activities while maximizing rent.
•Prepare and manage the assigned portfolio budget, including monthly variance analysis preparation and forecasting.
• Work with Director to coordinate and facilitate set up of tenants and aspects of lease deals.
• Prepare, administer and negotiate proposals/lease requests/license agreements.
• Coordinate with property managers and permanent leasing agents.
• Coordinate with merchants on visual merchandising and product presentation.
• Coordinate portfolio accounting functions such as, billing, rent collection, sales reporting and completion of monthly accounting reports.
• Attend ICSC and other Retail or Specialty Leasing Conferences as appropriate.

QUALIFICATIONS:

• The successful candidate should have a minimum of 5 years of experience and a background in Specialty Leasing, real estate, or sales experience is preferred.
• An understanding of the operation of the shopping center business, as well as the local real
estate market
• Able to communicate openly and effectively with merchants, Center Management, Leasing and
Marketing Departments.
• Highly organized, goal oriented, and ability to be flexible is a must
• Energetic self starter.
• Ability to work on the road with resources (cell phone, lap top) the majority of the time.

• Understanding that success is derived from the amount of time spent prospecting for potential
tenants.
• Strong negotiation, communication and writing skills
• An understanding of the operation of the shopping center business
• Ability to travel throughout the Northeastern Portfolio
• Ability to work in a “team” environment
• Attention to detail and strong follow up
• Persistent and creative
• Ability to close deals

EOE, M/F/DV

To Apply Visit Federal Realty Investment Trust

To learn more about us or to apply, please visit us online at www.federalrealty.com
EOE, M/F/D/V