Company Overview:
Our client is a privately held commercial real estate development and management firm engaged in the development, investment, leasing, management, and ownership of first-class commercial properties.
Position Description:
The firm is seeking a motivated, energetic and relationship-oriented professional to join the leasing team. This individual should be a well-organized self-starter who can manage multiple priorities and transactions in a fast-paced environment. The ideal candidate will be flexible, proactive and comfortable taking ownership of new responsibilities and projects.
This position has a significant sales and marketing function and is often the nexus point between many other professionals inside and outside of the company including property management, tenants, brokers, marketing representatives, architects, construction personnel and lawyers. The Leasing Associate will be a member of the leasing and marketing team and must be able to work productively with others, as well as represent the company at industry networking events. This position also entails working with outside consultants to facilitate the leasing efforts a 2M SF Class A office tower.
Primary Responsibilities:
- Work with senior executives to develop and execute strategies to attract new tenants and retain existing tenants
- Produce annual leasing assumptions and update bi-annually
- Advance the asset brand through outreach efforts and proactively develop relationships within the brokerage and tenant communities
- Prepare for and conduct property tours and effectively communicate the available inventory, amenities and capital improvements
- Interface with brokerage community regarding space availability and prospects, and maintain an active understanding of tenant requirements in the market
- Manage leasing transactions from initial proposal through lease execution, including drafting proposals, negotiating letters of intent and business terms, coordinating lease documentation with legal counsel, and driving transactions toward timely completion
- Prepare and analyze lease economics and financial models for new leases, renewals, expansions and other transactions
- Coordinate with architects, construction personnel and property management on test fits, space plans, demising plans, tenant improvement scopes, budgets, landlord work and delivery schedules associated with leasing transactions
- Monitor competitive properties, market rents, concessions, availability and recent leasing activity to help inform leasing strategy and deal terms
- Maintain and actively manage the prospect and leasing pipeline, including tours, proposals, negotiations and follow-up activity
- Prepare leasing updates, deal summaries and other materials for senior management and ownership as needed
- Manage payment and documentation associated with broker leasing commissions
- Maintain accurate leasing records and materials, including lease documentation, floor plans, lease exhibits, stacking charts, leasing reports and external databases such as VTS and CoStar
- Assist in the planning and execution of broker, neighborhood, and tenant events and other marketing initiatives designed to promote the complex and generate leasing activity
- Serve as an ambassador for the company at industry events, social and community events
Qualifications:
- 4 years of experience in commercial real estate is preferred.
- Working knowledge of commercial leasing, financial analysis and lease administration.
Salary:
Compensation will be based on experience and include base salary up to $150,000 plus annual bonus and benefits.