Founded in 1984, Armstrong Development Properties is an award-winning developer of retail properties. With a team of over 35 talented associates, our goal is to ensure that our clients, tenants and partners reach their real estate goals.
As a market leader in the development of commercial retail across the United States, we are passionate about building profitable environments and delivering consummate customer service. We invest in quality buildings, and put our clients' needs first.
Our specialties are in build-to-suit retail projects, speculative and pre-leased multi-tenant centers, and anchored shopping centers. We offer a range of services that include commercial development, construction management, and property management, providing real estate solutions on both a local and national scale.
Bottom-line profit and loss responsibility for project conceptualization, planning, permitting, market and financial analysis, retail leasing, interface with design and construction teams to successfully develop or re-develop real estate.
Responsibilities/Essential Functions/Job Duties
Participate in the identification, feasibility analysis and negotiation of real estate acquisitions
Source and analyze the feasibility of potential development sites and evaluate associated development options
Development planning for successful projects, which includes financial investment analysis
Source acquisition opportunities and conceptual planning
Prepare and direct internal requests for authorization of capital investment and expenditures to initiate development, prepare investment committee packages and investment committee package support
Direct activities with attorneys, architects, engineers, and other consultants to plan projects related entitlements, site permits, acquisition due diligence and closing activities
Work with ADPI team and local citizen groups, governmental bodies and other interested parties to obtain necessary project permits and entitlements
Direct and manage the Development Project Execution Team responsible for the construction of projects, coordination of designers and consultants and general contractor, etc
Monitor and assure timely completion of the investment and development within the established budget, schedule and required investment returns
Initiate, plan and manage the marketing and leasing plan for development/investment opportunities, including all aspects of marketing materials and promotion, broker relations and supervision of listing agents (as applicable) to broadly expose property, anticipate competition, and secure lease prospects
Pursue prospective tenants for leasing of available retail space and other non- hospitality project components and negotiate letters of intent and lease agreements directly with tenants to ensure the achievement of stated development and investment goals
Understand and negotiate all aspects of lease agreements to determine the impact of each lease on the value of each development/investment.
Provide leadership, mentoring, professional guidance, direction and supervision to other internal team members
Minimum of 5 years of hands-on real estate experience in the retail development industry.
Series of accomplishments which indicate increased responsibility and demonstrated performance in development experience including permitting, design, construction, and leasing.
Creating incremental asset value and realized or quantified profitability
An undergraduate degree in engineering, construction, real estate, architecture, business, finance and/or economics. MBA or MS in Real Estate or Finance a plus
Must possess strong financial analysis skills
Highly effective communication, presentation and listening abilities are essential for navigating company investment/development opportunities
Must have robust interpersonal skills, social intelligence and political acumen
Ability to set personal and project priorities and be highly organized in day-to-day and longer term planning and execution, and track and maintain complex schedules effectively.
Leadership and the ability to mentor and extract the highest potential from supporting personnel and outside vendors and consultants
Sophisticated research skills required to collect and analyze market information, aggressively compete against retail developers for increased market share, establish facts and interpret information in order to draw conclusions, prepare and defend recommendations to the leadership team
Attractive benefits package including medical, dental, vision, 401k and more effective immediately upon hire.