Supervisor, Commercial Real Estate (Hybrid)

Our Team:

We have an exciting opportunity to join our Corporate Real Estate Team.  In this critical role, the Supervisor will lead a team responsible for securing all property rights necessary to support all company projects and initiatives including all acquisitions, dispositions, leasing and licensing of real estate assets and property rights, as well as providing day-to-day real estate management to ensure the real estate needs of the Company are met. Extensive acquisition/disposition experience in the Massachusetts market strongly preferred.

In addition, the Supervisor coordinates the internal and external real estate resources required to support the business unit’s operation to assure public safety, reliability and maintain property rights.

The role is based in Westwood, MA.

Essential Functions: 

• Experience leading a diverse team of real estate professionals coordinating all aspects of the acquisition and disposition of all corporate real estate assets including, all negotiations, coordination with various internal departments (i.e. Legal, Operations, Environmental, etc.) and external resources (i.e. engineers, consultants, surveyors, title companies, brokers, attorneys, etc.) to help effectuate due diligence activities for each transaction as well as coordinating the internal approval processes in order to meet the changing operational needs of the Company.

• Actively participate in various project meetings for multiple high visibility large scale projects.  Often times leading the Real Estate portion of the project and or managing an internal Real Estate rep and or an outside Real Estate contractor.  Uses sound judgement when determining level of Real Estate resources needed to accommodate each project.

• Negotiates drafts and administers key legal agreements including, purchase/sale agreements, land options and related real estate contracts for the acquisition, disposition and leasing of real estate property rights associated with electric and gas utility needs.

• Supervise commercial real estate leasing activities for office/industrial properties and land to support company business and/or generate revenues. 

• Strong ability to prioritize work and manage multiple tasks at one time.  Must possess strong written, organizational and communication skills.  Excellent record keeping and file organization skills a must.

• Supervise and or perform closing activities on transactions, including but not limited to drafting of closing documents, coordination of legal review and signing of closing documents, notarization, creation and/or review of settlement statements, wiring funds for closing, post-closing payments and reporting. Manage and solve closing and financial issues as they arise in order to meet contractual obligations.

• Supervise and coordinate all real estate accounting/finance related issues and inquiries, including obtaining necessary approvals internally. This includes initiation of wire transfers for closings, financial reporting, analysis of book cost vs. purchase price to determine transaction gains/losses, reporting on

• acquisitions for bond issuances, drafting and management of mortgage release documents to remove a property from under the mortgage indenture for sales.

• Provides real estate information and knowledge to real estate management, and internal organizations (Legal, Accounting, Regulatory, Community Relations etc.…), as well as external customers and real estate professionals, in supporting the accomplishment of complex transactions and special assignments.

• Coordinates the real estate resources required to support the business unit’s operation and requests.  Requires working closely with internal Eversource disciplines (i.e. Facilities, Environmental, Engineering, System Planning etc…) to ensure delivery of real estate services to end-users.

• Supervise timely corporate reporting, compliance with real estate requirements and contract terms in order to ensure the avoidance of default conditions.

• Reports activities and progress on work assignments to management.

• Performs technical feasibility, financial and cost studies in preparation for obtaining property rights for specific projects and assigned service territories, and prepares recommendations and action plans for purchases and leases.

• Develops and fosters beneficial working relationships with key internal clients and external stakeholders including legal, accounting, regulatory, project teams, system planning, community relations etc.

• Develops and implements real estate business practices that are aligned with, and support, the Company’s strategy.

• Develops and implements the processes, policies, systems and practice