Jobs and Careers
EM
VP, Retail Leasing
Empire State Realty TrustNew York City, United Statesfull_timeVerifiedPosted 27 Sept 2024
About the role
COMPANY SUMMARY
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets and the Observatory deck attraction in ESRT’s flagship Empire State Building – the “World’s Most Famous Building”. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2024, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.
The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT values continuous employee development and encourages colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision.
POSITION SUMMARY
Work with the SVP, Leasing to manage leasing in ESRT’s retail portfolio. Assist with development and execution of retail leasing strategy to optimize long term portfolio performance and achieve/sustain 100% occupancy. Represent the ESRT brand and develop authentic, trusting, relationships through proactive broker, retailer, and existing tenant outreach. Negotiate lease transactions from inception through closure. Work with PR/Marketing team to develop marketing and brand concepts.
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets and the Observatory deck attraction in ESRT’s flagship Empire State Building – the “World’s Most Famous Building”. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2024, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.
The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT values continuous employee development and encourages colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision.
POSITION SUMMARY
Work with the SVP, Leasing to manage leasing in ESRT’s retail portfolio. Assist with development and execution of retail leasing strategy to optimize long term portfolio performance and achieve/sustain 100% occupancy. Represent the ESRT brand and develop authentic, trusting, relationships through proactive broker, retailer, and existing tenant outreach. Negotiate lease transactions from inception through closure. Work with PR/Marketing team to develop marketing and brand concepts.
RESPONSIBILITIES
- Assist SVP, Leasing to lease the entire ESRT retail portfolio, including base of office properties, standalone retail, and excluded assets
- Develop leasing strategies to maximize value, through utilization of market trends, co-tenancies, gap analyses, demographics, sales comps, etc., and ensure execution and compliance of same
- Assist in acquisition due diligence
- Proactive broker and tenant outreach (e.g. canvass, events, meetings and tours): Enhance and expand existing ESRT tenant and retail brokers relationships, and meet with every retail tenant in ESRT portfolio on a quarterly basis
- Conduct space tours: Effectively articulate the features and benefits of the properties to prospective tenants, existing tenants, and brokerage firms through presentations, meetings, and tours of properties
- Negotiate office lease transactions from proposal through lease execution, coordinate with legal team
- Assist EVP, Real Estate to manage outside agents on ESRT properties
- Coordinate with Design Team, Project Management, and Property Management: Space preparation, building improvements, scope of work, timeline, tenant alternates, scope of services, furniture/IT services, coordinate High Performance specifications with retail tenants, complete routine inspections of all marketable spaces to ensure in marketable condition
- Coordinate with, and lead, Marketing Department on execution of marketing plans: Space/neighborhood campaigns, marketing centers, renderings, PR campaigns, tour books, and events
- Ensure that all information for listings and vacant space is accurate and conveyed to the market in a timely manner
- Keeping track of Costar, ESRT website listing, HTMLs to ensure all are correct and up to-date
- Maintain retail market knowledge, which includes tenants in the market, recently completed transactions, competitive set availability report, retail trends
- Portfolio wide input on transactions, budgeting/pricing, leasing strategies, tour scripts, Salesforce, and best practices
- Assist in the preparation and presentation of reports that are delivered to executive officers <
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