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Director of Leasing

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Bronx
 NY
Postal Code
10461
Country
United States

This job is no longer active.

Description


Reports to:  VP of Leasing and Property Management Operations

 

Primary Responsibility:

 

Maximize leasing revenues from Simone Management and Premier Management properties by achieving the highest possible rent per square foot for each space/ building/property, and by maintaining the lowest possible vacancy rate at all properties.

 

Principal Duties (for both Simone Management and Premier Management properties):

 

  • Work with VP of Leasing and Property Management Operations, VP Property Management/Construction and Property Managers to ensure that properties are maintained and operated in a manner that –
    1. Attracts potential tenants;
    2. Promotes tenant retention; and 
    3. Adds to the positive reputation of the property and the company.
  • Negotiate new and renewal leases, using the Legal Department as needed.
  • Handle property inquiries, show space to potential tenants – or arrange for space to be shown – and negotiate (with guidance from VP of Leasing and Property Management Operations and VP Property Management and Construction, as needed) floor layout, work-order, rent and other lease document issues.
  • Collect and review financial package with VP of Accounting to determine security deposit and credit-worthiness of each potential lease deal.
  • Work with the Director of Lease Administration for Simone Management properties and with the Property Management Assistant for Premier Management Properties in the lease-preparation process (e.g., delineate details of the Term Sheet, etc.)
  • Work with the VP of Leasing and Property Management on assignments of leases and early surrenders.
  • Work with the VP of Leasing and Property Management Operations in the management of broker relations and broker commission agreements and in communicating with exclusive brokers regarding leasing activity and marketing strategy.
  • Orchestrate and attend Broker Open Houses, as needed.
  • Work with the VP of Leasing and Property Management Operations and the Property Management Coordinator to develop marketing packages, mailers, brochures, floor plans and other materials needed to aggressively promote space.
  • Collect market information from brokers and from visits/calls to competitive properties and develop/maintain a database with market information.
  • Analyze market information and work with VP of Leasing and Property Management Operations and the Property Managers to determine market rents for available space.
  • Conduct targeted market study for each available space 12 months before any tenant renewal date or whenever there is an unanticipated vacancy.
  • Analyze existing tenant’s lease deal and work with VP of Leasing and Property Management Operations to propose terms for renewal letter and negotiate renewal terms.
  • Assure that “For Lease” signs are erected 6 months in advance of vacancies.
  • Present bi-weekly leasing status reports and other leasing reports, as required.
  • Work with VP of Leasing and Property Management Operations in the preparation of operating and capital budgets by providing leasing assumptions, tenant improvement assumptions and lease commission assumptions.
  • Work with VP Property Management and Construction to assure that construction/ build-out work is thorough and meets the deadline necessary for tenant to occupy space on schedule and that demolition/preparation for leasing of vacated space is completed expeditiously.
  • Visit Simone Management and Premier Management properties periodically and make suggestions about how to make the properties more valuable and identify opportunities for expansions and relocations of tenants.
  • Handle acquisition inquiries.
  • Represent ownership externally at events with real estate professionals, etc.

Job Function


 
 

Experience


2+ to 5 years


This job is no longer active.

Brokerage, Sales / Leasing Retail Bronx Full Time NY Leasing Director of Leasing other