06 Sep
|
Morguard
|
Edmonton
As one of Canada’s leading real estate companies, with properties across North America, we’re proud of our history and excited about our future. We are committed to creating lasting value not only for our clients and communities, but for our employees as well. As a fully integrated real estate organization, we offer exposure to a diverse portfolio that includes office, industrial, retail, and multi-suite residential properties across North America.
Our team reflects a wide range of backgrounds, perspectives, and experiences, and we believe that diversity strengthens us. Through innovation, teamwork, and a shared commitment to sustainability, our professionals are empowered to build their careers, contribute meaningfully, and help shape the future of real estate. The selected candidate may be based out of either our Vancouver or Edmonton regional office.
The Director, Leasing is accountable to Vice President, Retail Leasing for all leasing activities for a portfolio of retail properties or (a) large super-regional retail centre(s) that are meant to ensure that the property’s value is optimized by a combination of consistently high occupancy rates both in short- and long-term and an effective tenant mix. Develops and implements the Merchandising Plan and the Leasing Strategy for the assigned portfolio to ensure continuous improvement effort to optimize and to build on the market strengths of each property to increase their value. Prospects for new regional tenants for the property by researching relevant markets, analyzing potential tenants, responding to leasing inquiries, proactively marketing the property to target groups and constantly learning about the physical asset to ensure that its marketing positively highlights advantages of the property,
to ensure a steady flow of potential tenants to the property to achieve budgeted occupancy rates.
Maintains solid knowledge of basic building construction, pertinent building and fire codes and by-laws, building services and property management processes and principles to ensure advantages of the asset are leveraged to attract prospective tenants. Prepares, negotiates and coordinates from conception to execution various types of leasing deals for the property, incl. new, renewals and extensions, expansions, relocations, subleases, assignments etc. by actively working and maintaining positive relationships with tenants and real estate brokers to ensure that existing vacant space is leased while potential risks are mitigated and the value of the property is positively affected. Performs various analysis and reporting pertaining to leasing activities of their assigned portfolio incl. financial analysis and modeling of proposed deals, collection and analysis of market rent data, leasing activity reporting, leasing costs and fees reporting, budget variance analysis, tenant credit information reporting, etc. to ensure that the leasing plan for the property is executed to budget and all potential leasing risks are identified and mitigated.
Participates in property budgeting and reforecasting for leasing costs,
leasing fees and tenant rental revenue in accordance with the existing accounting calendar to ensure that the current budget reflects the best possible estimate of the occupancy status and on-going leasing activity. Actively networks in the real estate industry to maintain an up-to-date knowledge of market trends, best practices, market conditions, new market opportunities and methodology, as well as competitor activity, to develop and maintain positive relationships with various parties within the industry. Any other job related duties and/or projects that may be assigned.
Bachelor’s Degree in Business, Commerce, Urban Economics or Real Estate or equivalent experience Minimum 10 years of leasing experience in retail industry dealing with regional or super-regional portfolio of centre Solid knowledge of financial analysis and modeling Knowledge of credit analysis and risk assessment Current Commercial Real Estate License Solid understanding of a commercial lease Valuable knowledge of MS Office applications. Independent creative thinking is an asset. Exposure to a diverse portfolio of real estate assets across North America.
Annualized Base Salary Range: $130,000-$160,000 CAD.
Pay Equity Actual compensation offered may vary and will be determined by factors including, but not limited to, experience, education, skills, certifications, internal pay equity and business needs. Diversity is one of our greatest strengths. At Morguard, we provide equal employment opportunities to all candidates and do not discriminate on the basis of race, color, religion, gender, sexual orientation, age, disability, or any other legally protected status.
Morguard is dedicated to maintaining accessible employment practices in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). If you require accommodation at any stage of the recruitment process, please contact Human Resources - our team is here to support you.
📌 Director, Leasing- Retail (Edmonton)
🏢 Morguard
📍 Edmonton