Overview
Real Estate Manager Jobs in Los Angeles, CA at ZARA USA
Title: Real Estate Manager
Company: ZARA USA
Location: Los Angeles, CA
ZARA IS LOOKING FOR AREAL ESTATE MANAGER(WESTERN DIVISION) BASED IN LOS ANGELES (NOT REMOTE).
Started in 1975 in Spain, ZARA today is an internationally known fashion retailer represented in over 88 countries around the world. Our company requires professionalism, imagination, high energy and team spirit. ZARA will give you the means to excel. ZARA will put you into the heart of the action and the heart of its growth.
REAL ESTATE MANAGER (WESTERN DIVISION)
Position based in Los Angeles (not remote)
Scope of Position
Responsible for analyzing and identifying new locations and subsequently negotiating leases for new and existing retail sites. Is responsible for studying the Western Division retail market and proposing new locations to expand the retail footprint. Leverage relationships across the commercial real estate industry to identify opportunities. Travel to potential sites to study the market focusing on criteria in line with the Company’s mission and corporate development standards.
Role and Responsibilities
Analyze and define business problems in our current stores and develop business cases within Zara’s expansion plan strategies.
Annual budget preparation, CAM reconciliation and monthly financial review for each store
Update rent rolls, monitor store sales and negotiate new leases and leases renewals.
Work with the Legal Department and service liaison between Zara’s Attorney and Landlords.
Negotiate LOI (letters of intent) with Leasing Agents, Brokers, and Landlords.
Prepare feasibility studies to qualify the economic viability of potential sites.
Liaises with the Design dept. and outside architectural firm, to ensure that proper documentation and development is secured for each site.
Travel to potential sites and study the market using demographics and physiographic and relevant criteria as set out by the company’s policy to ensure that they meet development standards.
Acquiring new sites to achieve budgeted store openings.
Meeting with Landlords regarding negotiation and renegotiation of existing leases.
Build strong and collaborative relationships within the retail tenant, developer, and Landlord communities.
Review and analyzing data and ensuring accuracy of financial reports
Thoroughly comprehend business’ vision and strategy and study the market according to the INDITEX Real Estate philosophy and policy.
Meetings monthly and biweekly conference calls to address regulatory issues effectively and efficiently and to better understand and improve results and take action and /or make recommendations to the Head of Real Estate.
Personal Profile
Bachelor’s Degree in real estate, finance, accounting, or business administration
Prior commercial real estate management experience (min. 3 years)
Good level of Ms Office (Excel, PowerPoint)
Languages: Fluent in English (Spanish is a plus)
Highly organized and able to work in fast paced environment
Results oriented with strong communications skills
Analytical skills
Flexible to travel (including international travel)
Autonomy and adaptation to change
Strong conflict management skills
Annual compensation range: $122,000 – $202,000 + discretionary annual bonus
* Zara, in good faith, believes that this posted rate of compensation is the accurate range for this role at this location at the time of this posting. This range may be modified in the future. Actual compensatio…
