Vice President, Leasing
Company: Simon Property Group Inc
Posted on: June 8, 2021
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.
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.
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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