Sr Mgr, Real Estate

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure with local service, nationwide. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With over 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main's 5,700 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Job Summary

Core & Main ("CNM") is immediately seeking an experienced Senior Real Estate Manager to support our real estate expansion strategy (Greenfields) and high volume of lease related transactions across the US. The ideal candidate will have experience managing a large volume of leasing transactions with specific experience in industrial warehouse and industrial outside storage (IOS) assets. Technical knowledge, speed, adaptability, and a field-first mentality are paramount. This position will be based out of the St Louis, MO corporate office. Remote applicants will be considered.

Major Tasks, Responsibilities and Key Accountabilities

• Evaluate market strategy and lead site selection process for projects in assigned territory.
• Manage high volume deal flow, negotiating leases, purchases, and build-to-suits under demanding timeframes for Greenfields, in-fill growth, relocations, renewals and other lease-related agreements.
• Work with internal and external legal counsel in preparing and reviewing real estate related legal documents, managing review and execution in an efficient and timely manner.
• Effectively communicate expectations, requirements, and status of deals to key business partners - both internal and external.
• Develop and maintain strong working relationships with internal and external cross functional partners throughout the lifecycle of the real estate deal.
• Ensure all deals flow through required approval processes.
• Manage critical lease dates and portfolio strategy for assigned territory.
• Provide real estate thought leadership to field leadership partners in assigned territory.
• Exercise high level of critical thinking and problem solving when solutioning for branch operation needs as it pertains to Real Estate.
• Foster relationships within the Real Estate development community (i.e. Landlords, Developers).

• Maintain an evolving working knowledge of economic factors impacting industrial real estate.

• Support Senior Director of Real Estate with department wide SOP and process initiatives as assigned.

Preferred Qualifications

• Bachelor's and/or master's degree in relevant area of study (business, real estate, finance, economics) preferred.
• 5-7+ years of corporate real estate transaction experience within a similar multi-site operating company or real estate services firm focused on a high velocity of annual transactions in multiple states/regions
• Demonstrated skills in the areas of lease and contract negotiations with specific experience in ground-up developments and Build to Suit (BTS) projects.
• Working knowledge on crafting LOIs, understanding lease clauses and their impact to the organization from a legal/risk perspective and a lease administration perspective.
• Working knowledge on standard real estate calculations and underwriting principles (i.e., amortizations/straight-lines, cap rates)
• Proficiency with real estate principles as well as legal terminology and provisions in standard commercial leases
• Exceptional ability to gather, analyze and present demographic and financial data in executive level reports
• Ability to discern and drive the best financial outcome, including assessment of lease options, and evaluation of relocation opportunities
• Ability to carry out multiple assignments concurrently and manage tight timelines
• Excellent planning, organization, and time management skills; Effective resource management and project management skills
• Strong ability to identify and solve ambiguous problems
• Proven self-starter who sets aggressive goals and consistently gets results
• Proficient with MS Excel, Word and PowerPoint
• Continued focus on learning and growth within the RE industry, including conference participation and networking.

Environmental Job Requirements

• Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.
• Typically requires overnight travel less than 10% of the time.
• Frequent periods are spent standing or sitting in the same location with some opportunity to move about.
• Occasionally there may be a requirement to stoop or lift light material or equipment (typically less than 8 pounds).

This information indicates the general nature and level of work performed by associates in this role. It is not designed to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of associates assigned to this role. This description supersedes any previous or undated descriptions for this role. Management retains the right to add or change the duties of the position at any time.

Core & Main is an Equal Employment Opportunity employer. Employment at Core & Main is based solely on a person's merit and qualifications directly related to professional competence. Core & Main does not discriminate against any employee or applicant on the basis of race, creed, color, religion, national origin, nationality, ancestry, age, disability, veteran status, pregnancy or related condition (including breastfeeding), affectional or sexual orientation, gender identity or expression, marital status, status with regard to public assistance, citizenship, or any other basis protected by law.

None of the questions in this application are intended to elicit information regarding any protected characteristics, nor imply any limitation, illegal preferences or discrimination based upon non-job-related information or protected characteristics.

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