Sr Development Manager - Real Estate

The pay range is $92,000.00 - $166,000.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

Target’s distinctive brand love is infused throughout its many physical locations by the Properties teams. We have a direct and positive impact on the real estate, design, construction and maintenance of our stores, distribution centers and headquarters. Are you ready to help strategically grow Target’s brand through leading-edge design, development, construction and preservation? Can you effectively balance the efficiencies of a large-design build company with the unique challenges and innovative solutions required by individual sites? Then take your place on one of our Properties teams, and help us make the most of Target’s physical assets, both in the U.S. and overseas.

A role in Real Estate means the opportunity to develop and drive Target’s market-based growth strategies by identifying, acquiring and developing extraordinary guest-facing properties. You’ll use your negotiation skills to execute competitive and risk-balanced transactions. You’ll be a key player on the team that manages the lifecycle of our stores, site selection of new properties, the scope of remodels and existing property portfolio negotiations and property disposition.

As a Sr. Real Estate Development Manager you will lead entitlement and development efforts for existing store sites, including site planning, development, redevelopment, due diligence, and jurisdictional approvals.  This role will lead site planning, development, or redevelopment of excess real estate which may include sales to developers or other tenants, including analysis of parking, entitlements, and sale agreements. You will coordinate with internal and external partners to determine optimal scope, schedule, and budget of projects while managing financial risk during the development process.  In addition and as needed, provide technical guidance on new store initiatives affecting Target’s real estate. You will act as a primary business representative and negotiator for real estate initiatives and administration. You will be responsible for the evaluation, review, and resolution of physical, regulatory, and schedule constraints affecting the development of Target’s existing store and, as needed, new store real estate, including the following tasks: prepare or direct preparation of site plans and floor plans to maximize Target’s location in a development and to optimize physical attributes necessary for maximum store performance, e.g., parking, signage, and access; select, hire, and manage outside consultants to prepare project documents and due diligence; analyzing and modifying lease, purchase and site development documents consistent with Target’s requirements; analyze data, determine real estate project feasibility, and provide creative solutions to development or redevelopment constraints; and direct meetings involving cross-functional teams to prepare scopes, schedules, and site development budgets for real estate projects.

In addition, you’ll negotiate relevant aspects of operating agreements, tenant improvement work letters, and leases; review, negotiate, and approve all governmental conditions of approval set forth in land use approvals that affect the de