Retail Compliance Specialist
Western DigitalSalary not specified
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
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary for the Specialty Leasing Representative position?
This information is not specified in the job description.
Is this a remote position, or where is it located?
The job is located at Dover Mall, but no details on remote work options are provided.
What key skills are needed for this role?
Key skills include locating and evaluating potential tenants, negotiating lease agreements, developing relationships with tenants and industry associates, and analyzing property sales and income goals.
What does the team structure look like for this position?
The role reports to and works with the Specialty Leasing Manager, assists the Vice President – Specialty Leasing, and coordinates with Mall Managers and Property Management staff.
What makes a strong candidate for this Specialty Leasing Representative role?
A strong candidate can locate and develop tenants, negotiate leases to meet financial goals, build networks, attend trade shows, and handle administrative coordination for multiple properties.
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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