Sr. Director, Real Estate - West

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Location: Must be West Coast based or willing to relocate with prior experience working that market

Qualifications:

• Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
• 12+ years of experience in retail real estate field is required
• 8+ years’ experience negotiating leases, contracts, and similar documents
• 8+ years previous experience in asset management based function for a national/regional retailer and/or retail focused commercial developer
• Ability to motivate & lead others while skilled at fostering an inclusive working environment focused on collaboration from within & amongst cross-functional partners
• Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer including high comfort level & experience dealing with c-suite executives
• Strong negotiation and transaction management skills
• Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
• Self-motivated with critical attention to detail and deadlines
• Strong understanding of real estate practices and related legal principles
• Must be able to travel as needed

Job Responsibilities:

• Manage execution of a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned region
• Ownership of a core function/process within Real Estate Department
  • Proactively evaluate opportunities to enhance, evolve, streamline any & all components of the owned function/process 
  • Develop & execute annual strategic initiatives
  • Own annual budget (if applicable) while managing expenses throughout fiscal year
  • Constantly evaluate current tools/resources for long term scalability while investigating alternative tools in the marketplace for upgraded functionality and/or efficiency gains
• Collaborate closely with Real Estate Managers, Master Brokers (if applicable), local broker teams & Manager of Analytics to develop, refine and execute market plan
• Collaborate closely with construction, design, facilities, finance and portfolio management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
• Develop strong working relationships with peer leaders in construction, design, lease administration, legal & operations
• Responsible for approval of site selection of new store locations in assigned region
• Effectively manage broker representation in assigned region to maintain required standards for executing new store growth plans
• Actively coach/mentor all direct reports to support their career progression & expand their capabilities - incorporating personal development plans, goal planning & promote exposure opportunities
• Focus on empowering team members to effectively own their responsibilities & foster their individual growth/development for benefit of overall team performance/engagement
• Champion a collaborative culture within regional team
• Conduct executive team field tours with key stakeholders for review of potential and existing locations
• Work closely with legal counsel & dealmakers on lease negotiations in assigned region
• Effectively manage regional dealmakers to deliver a robust pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
• Review/approve detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
• Handle ownership of REC Process/Management for all deals in assigned region including REC Package approvals, supplemental data strategy, store analog approvals & pre-reviews with Senior Vice President of Real E