Our client is seeing a Vice President of Asset Management for their Chicago office. This individual will participate in day-to-day asset management responsibilities for a significant retail portfolio which currently consists of a mixture of enclosed malls, lifestyle centers, and open-air box and community centers across the country. These properties are all leased and managed by either the Company’s joint venture operating partners or third-party management and brokerage firms.
Responsibilities include, but are not limited to:
Providing retail expertise to the firm and its various clients, partners, and third-party managers.
Working daily with retail asset managers on such things as reviewing budgets, property valuations, leasing forecasts, annual business plans, and strategic planning in order to maximize asset value.
Working directly with joint venture partners, retail brokers, and third-party leasing, marketing, management, and development teams to achieve client and revenue objectives at the property level.
Assisting the acquisition group with evaluating and analyzing potential new retail acquisitions.
Coordinate with, and provide leasing expertise to, the joint venture partners throughout the deal approval process for all permanent leasing, including deal structure and economics, and all other material LOI and lease provisions.
Assist the leasing and management teams with the merchandising plans for the properties.
Where appropriate, assist in managing national retailer relationships and deal making. While the Company does not engage in any direct retail property management or leasing functions, we selectively do engage directly with retail tenants and/or their network of brokers and consultants.
Participate in property portfolio reviews, quarterly property valuations, and periodic internal retail presentations.
Regularly travel to the assets and meet with the teams on site.
Required travel is approximately 25% - 35%.
5 – 12 years of commercial real estate experience, with at least five in a leasing capacity, preferably for open-air centers.
Possess an active network among relevant property management firms, brokerage groups, and national retail tenants
Ability to communicate effectively both internally within Heitman and externally with clients, joint venture partners, and third-party teams.
Fully-versed in financial and business analysis and ability to integrate regulatory, design, marketing, leasing, and operational variables into sound business decisions.
About Poline Associates
Poline Associates is an international executive search firm specializing in the shopping center industry.We serve property owners, developers, retailers and service providers who are seeking remarkable talent and work to align them with candidates who are eager for new growth opportunities. Since 1979, our team has been connecting companies and candidates with a commitment to integrity and client satisfaction—making us the industry’s most trusted leader in recruitment.