Director, Real Estate Territory Expert - ascena

Brand Overview:

ascena retail group, inc. is a leading national specialty retailer offering apparel, shoes, and accessories for women under the Premium Fashion segment (Ann Taylor, LOFT, and Lou & Grey), Value Fashion segment (maurices and dressbarn), Plus Fashion segment (Lane Bryant and Catherines), and for tween girls under the Kids Fashion segment (Justice). ascena retail group, inc. operates ecommerce websites and approximately 4,800 stores throughout the United States, Canada and Puerto Rico.Ready to ? We currently have an opportunity for a Director, Real Estate Territory Expert - ascena to join our team located at our Real Estate/Str Plan-Justice-New Albany, OH 43054.

Position Overview:

The Director of Real Estate, based out of our New Albany, OH Justice home office, is responsible for acting as an internal real estate consultant and dealmaker for all ascena brands (Ann Taylor, LOFT, LOU & GREY, Lane Bryant, Catherine’s, and Justice) and will be responsible for managing a geographic territory and major landlord portfolio negotiations on behalf of ascena. The Director will need to develop a deep understanding of each market and landlord portfolio he/she is responsible for not only in the present state but how the market will change over time. The Director will negotiate real estate deals with landlords consistent with the strategy for each brand including both existing real estate portfolio deals and new real estate for the Company’s expansion. The Director will manage all deals in the assigned territory and landlord portfolios through all stages of the development process from site selection to store closing.

• Negotiates with sophisticated landlords for new stores, remodels, and other lease actions to drive profitability targets including sales (both bricks & mortar and Omni/ecommerce), EBIDTA and occupancy costs. Accountable for the timely execution of lease actions and for the actual profitability of the transactions. Coordinates portfolio reviews with top mall developers.
• Using ascena business goals develops overall market strategy for assigned region and develops leasing strategy and target goals for upcoming store expirations and new stores and prepares recommendations for each brand as part of the annual fleet review process. Is accountable for the quality of the leasing agreements recommended.
• Presents deals and markets to the brands and real estate executive committee for approval. Uses various RE software to analyze and prepare deal packages. Is accountable for the quality and accuracy of information within the package and for the quality of presentation to various levels of leadership.
• Works with in-house attorneys to negotiate leases and assist design and construction team with tracking and facilitating store development to ensure cost savings and efficiencies. Is accountable to ensure data given to functional and cross-functional team members is accurate and timely.
• Networks with industry professionals, landlords, other specialty retailers and industry associations. Is accountable for staying informed of business and industry trends. Prior real estate & experience in the states of TN, AR, MS, LA, AL, KY & MO is a plus.

Minimum Requirements:

• Professional work experience that indicates the ability to perform to the expectations of the role as described above.
• 5-7 years of experience in the field of RE leasing experience, preferably in a specialty retail store leasing environment
• Role will be based out of Columbus (New Albany) OH corporate office, but must have ability to travel by car or plane to meet with developers and landlords and market tour as needed. Travel will be intermittent but may be as high as 30% at times.

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Location:

Real Estate/Str Plan-Justice-New Albany, OH 43054

Position Type:

Regular/Full time

Equal Employment Opportunity

The Company is committed to hiring and developing the most qualified people at all levels. It is our policy in all employment decisions to ensure that all associates and potential associates are evaluated on the basis of qualifications and ability without regard to sex (including pregnancy), race, color, national origin, religion, age, disability that can reasonably be accommodated without undue hardship, genetic information, military status, sexual orientation, gender identity, or any other protected classification under applicable law. We do not discriminate in any of our employment policies and practices. All associates are expected to follow these principles in all relationships with other associates, applicants, or others with whom we do business.

The Company welcomes applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the application process.

Note to Applicants: Smoking is prohibited in all indoor areas of the Company unless designated smoking areas have been established by a particular location in accordance with applicable law.