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Vice President, Leasing & Development-Industrial Real Estate

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Conshohocken
 PA
Postal Code
19428
Country
United States

This job is no longer active.

Description


Duke Realty, the largest pure-play, domestic only, logistics REIT in the United States, with best-in-class industrial/logistic real estate properties in 19 major U.S. cities, has an opportunity for an exciting opportunity Vice President of Leasing & Development to join our team in Conshohocken, PA.  Candidates must be attracted to a fast paced, self-directed environment where responsiveness and customer service are highly valued.  A predisposition towards teamwork and personal responsibility will be critical to a candidate’s success, as well as an aptitude to analyze operational and financial data.  This position will manage and actively participate in all efforts necessary towards identifying, securing, closing on and entitling land sites within the Lehigh Valley, Philadelphia and Southern New Jersey markets.  In addition, the selected candidate will also be responsible for, but not be limited to, the following:

1.Development
• Identify and secure land opportunities that meet its strategic growth plans.
• Lead the entitlement effort and team including the Development Services and Pre-Construction team members.
• Manage the land inventory to allow for consistent development annual volumes

2. Leasing
• Structure economic terms of transactions to meet the company objectives and the current market conditions.
• Negotiate acceptable legal terms and process transaction paperwork for all leases.
• Engage existing tenants in discussions and negotiations of lease renewal terms and amendments for portfolio.
• Communicate, monitor and expand company’s relationships with the brokerage community with the objective to generate more business opportunities for the company, including broker communication (i.e. newsletters, marketing campaigns, events/outings), broker education, broker compensation/commission issues and the cultivation of key individual brokers.

3. New Business Development
Create and Execute Property Development Plan:
• Owned Portfolio
• Build-to-Suits
• Third Party
• Effectively work with construction personnel within Duke Realty’s matrix organization structure and outside consultants

4. Acquisitions/Dispositions
• In communication and coordination with the Regional President to identify redevelopment and potential land acquisition opportunities.
• In communication and coordination with the Regional President, create and execute acquisition and disposition plan of portfolio
• In communication and coordination with the Regional President, present land acquisition and disposition opportunities to enable the company to meet its strategic plan.

5. Budget Preparation
• Responsible for the annual preparation of a two-year budget for the operations of the portfolio. Responsibility will include the existing property’s lease-up, renewal and termination assumptions and assumptions surrounding new development as well as a complete review of the property operations as prepared by the property management team.

Requirements:

• Minimum of 7-10 years of experience in commercial real estate development experience. Experience in Industrial       product/portfolio strongly desired. Experience/knowledge of Pennsylvania market required.
• Experience in the analysis of operational and financial data.
• Possess strong initiative and effective organizational skills.
• Ability to establish and maintain rapport with business community and interact with various levels of professionals.
• Excellent written and verbal communication skills.
• Previous experience managing a team desired.
• Bachelors Degree in Marketing, Business, Real Estate, Finance, Accounting, or related area of study required.

We offer a competitive salary with bonus opportunity as well as comprehensive benefits including medical, dental and vision coverage, 401(k) and a wellness program. 

Duke Realty is an Equal Opportunity Employer of Minorities, Females, Protected Veterans and Individuals with Disabilities


“Building Excellence”

 

 

Job Sector


 

Experience


7+ to 10 years


This job is no longer active.

Development Industrial Conshohocken Full Time PA Development, Financial Analysis, Research/Market Analysis Vice President, Leasing & Development-Industrial Real Estate other