Specialty Leasing Representative at Brixmor Property Group

Dover, Delaware, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, RetailIndustries

Requirements

Bachelor’s degree in a business-related discipline
One or two years of general business, sales, leasing or retail experience
Basic math and accounting skills
Well-developed interpersonal and negotiating skills
Effective oral and written communication skills
Resourcefulness, creativity and a well-developed awareness of design principles
Some overnight travel may be required

Responsibilities

Locate, identify and evaluate potential Specialty Leasing (SL) tenants and other income sources for shopping center properties in both common area and in-line vacancies
Develop and implement plan to include regularly attending trade shows, review publications and canvass the area to identify retailers and other potential income generating tenants
Develop and maintain relationships with prospective SL tenants and existing mall tenants
Network with area leasing representatives and industry associates
Identify and develop new leasable locations in the common area
Negotiate Lease Agreements: Establish SL rent guidelines and income objectives for properties based on analysis of sales, permanent leases and income goals of the property
Negotiate Lease Agreements and submit tenant information, terms, locations and use clause for approval
Generate SL income for assigned properties to achieve assigned SL financial goals
Ensure maximum occupancy and minimum downtime occurs
Support in-line leasing efforts by assisting in identifying, developing local tenants into potential permanent tenants
Report to and work with the Specialty Leasing Manager to achieve property and overall SL program goals
Submit regular weekly reports to identify deal making, forecasting, revenue goal achievement and other program implementation status
Assist Vice President – Specialty Leasing and Specialty Leasing Manager in identifying and completion of SL national tenant deals
Assist in identifying potential new multiple-mall and national tenants. Refer prospect to Specialty Leasing Manager or directly to other Simon Property Group properties
Coordinate SL-related administrative duties with Mall Managers and other Property Management staff
Coordinate completion of Lease Agreements, SL program administration and SL tenant setup
Monitor rent collection, income transmittals, sales reporting and the accurate processing of Lease Agreements
Monitor monthly and quarterly property and Home Office SL income and expense reports
Assist Mall Managers in achieving the acceptable merchandising and visual presentations
Monitor placement of units/tenants in the common area
Coordinate merchandise mix with leasing to ensure best use of the space
Communicate required Specialty Leasing visual presentation standard to the tenants
Coordinate activity of Visual Merchandiser and tenant

Skills

Lease Negotiation

Tenant Sourcing

Trade Shows

Networking

Sales Analysis

Revenue Forecasting

Tenant Relations

Commercial Leasing

Brixmor Property Group

Owns and operates retail shopping centers

About Brixmor Property Group

Brixmor Property Group owns and operates around 360 retail centers in the United States, serving as important locations where retailers and communities interact. Their properties range from large shopping centers to smaller spaces available for lease or sale. The company focuses on sustainable growth by revitalizing underused assets and collaborating with businesses to create lively retail environments. Brixmor's revenue comes mainly from leasing spaces to a variety of tenants, including national retailers, local businesses, and seasonal pop-up shops. They offer flexible leasing options and prime locations to attract a diverse clientele. Brixmor stands out from competitors through its commitment to community engagement and sustainable practices, ensuring that its properties remain appealing and beneficial to both tenants and local communities.

New York City, New YorkHeadquarters

1985Year Founded

$400MTotal Funding

IPOCompany Stage

Real EstateIndustries

201-500Employees

Benefits

Paid parental leave

Medical/Rx/Vision coverage

Dental

Flexible spending accounts

401(k)

Life insurance

Service days

Education assistance

Risks

Rising interest rates could impact Brixmor's financing for acquisitions and redevelopment.

E-commerce growth may reduce foot traffic to Brixmor's physical shopping centers.

Potential tenant bankruptcies could increase vacancy rates and reduce rental income.

Differentiation

Brixmor focuses on grocery-anchored centers, ensuring stable foot traffic and revenue.

The company partners with entrepreneurs to revitalize underused assets, enhancing community value.

Brixmor offers flexible leasing options, attracting diverse tenants including pop-up shops.

Upsides

Moody's upgraded Brixmor's credit rating to 'Baa2', reflecting strong operating results.

Record occupancy rates and lease retention indicate robust demand for Brixmor's properties.

Brixmor's focus on sustainability aligns with increasing tenant and investor preferences.

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