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Vice President, Leasing

Company: Simon Property Group Inc
Location: Ontario
Posted on: June 8, 2021

Job Description:

Job Location:

Ontario Mills

PRIMARY PURPOSE: This position is responsible for the consistently high production of deals leasing space in our Mills platform. The incumbent will be responsible for top tier properties, key account relationships, and new development. Simon Property Group has been named Fortune's Most Admired Real Estate Company six times in the last decade. This is an opportunity for a seasoned leasing professional to be a part of one of the best leasing teams in the country and work with the #1 real estate developer in the world.

PRINCIPAL RESPONSIBILITIES:

The successful candidate's responsibilities will include, but not be limited to:

  • Through detailed analysis of existing retailer performance, trade area demand, and demographic customer profile the ideal candidate will create an overall leasing vision for their property and be able to (i) present it to senior management, (ii) engage all internal teams/departments necessary to complete it , and (iii) execute it both on time and on budget.

  • Sourcing, negotiating and executing both new deals and renewals with national, regional and local retailers.

  • Develop and implement creative leasing strategies to improve merchandising mix and maximize income at the properties.

  • Reviews financial statements and references of potential tenants; reviews negotiated lease terms on behalf of SPG for highest return to the Owners, including such items as space, base and percentage rent, term of lease, extra charges, etc; approves or recommends changes (with final approval of SVP or EVP).

  • Will become an expert on the greater trade area of specific properties and have a clear understanding of market needs for new retailers, potential demand for center expansion as well as opportunities for new development.

  • Facilitates communication between Leasing, Legal and Construction, to insure that necessary work to execute lease is completed in timely manner; resolves problems as necessary.

  • Budget and forecast all permanent rental income for assigned centers in an effort to maximize revenue and minimize downtime. Budgets will be presented to SVP/EVP as well as senior management for ultimate approval.

  • Works hand in hand with other key internal partners to execute the property's goals and vision including Marketing, Public relations, Branding and Property Management.

MINIMUM QUALIFICATIONS:

  • Bachelor's Degree

  • MBA a plus though not required

  • Knowledge of California market is a plus

  • 10 years retail leasing/selling experience;

  • One or more new center (or project) assignments as the lead representative to include responsibilities for development of the proforma, direct interaction with the developer, and merchandising of the center;

  • In-depth knowledge of merchandising mix and retailing;

  • In-depth knowledge of deal structures and lease terminology;

  • Strong understanding of the retail business including balance sheet, P&L and gross margins

  • Excellent negotiation and closing skills;

  • Excellent interpersonal skills;

  • Excellent oral and written communication skills

Keywords: Simon Property Group Inc, Ontario , Vice President, Leasing, Other , Ontario, California

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