At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 17,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Position: Real Estate Manager, Mountain West

Location: Candidate needs to be based in Phoenix, Salt Lake City, Las Vegas, or Southern California

Position Summary: The Real Estate Manager is responsible for collaborating with local broker teams & Manager of Analytics to develop a comprehensive and strategic real estate market plan for their assigned territories, and then oversee and execute on all aspects of the real estate life cycle within the same (I.e., from site selection, deal negotiation, lease negotiation, to opening, to restructuring, remodeling, repositioning). The Real Estate Manager will develop and mentor Real Estate Coordinator partners in executing these duties along with daily collaboration with key design/construction/legal stakeholders throughout the real estate life cycle process in their assigned territory.

Qualifications:

• Bachelor’s Degree or Master’s Degree in Business Administration or real estate/finance related concentration is preferred
• 7+ years of experience in retail real estate field is required
• 5+ years previous experience in market planning, site selection & deal negotiation in West Coast U.S. Retail Markets for a national/regional retailer
• Must have a strong working knowledge of West Coast U.S. regional retail markets, shopping centers & major developers
• Experience managing third party service providers, including local market brokers and outside legal counsel
• Superior communication, presentation, analytical, and problem-solving skills, with demonstrated ability to understand the audience and customer
• Strong negotiation and transaction management skills
• Strong ability to work in an ambiguous environment, identify and solve problems, and manage change
• Ability to recall information easily
• Self-motivated with critical attention to detail and deadlines
• Strong understanding of real estate practices and related legal principles
• Must be able to travel frequently and live (or relocate) within the territory

Job Responsibilities:

• Execute a comprehensive and strategic real estate market plan throughout entire real estate lifecycle for assigned territory
• Collaborate closely with local broker teams & Manager of Analytics to develop, refine and execute market plan
• Collaborate closely with construction, design, facilities, finance, and asset management to ensure successful store launch from site identification, to opening and throughout the store lifecycle
• Responsible for site selection of new store locations and existing store repositioning opportunities
• Effectively manage local real estate broker teams to maintain required standards for executing new store growth plans
• Manage/Mentor RE Coordinator partners – collaborating on personal development plans, goal planning & promote exposure opportunities
• Conduct field tours with key stakeholders of potential and existing locations
• Work closely with legal counsel on all lease negotiations in assigned territory
• Manage a pipeline of LOI and lease negotiations simultaneously to achieve aggressive growth targets throughout near term and long term market planning
• Preparation of detailed LOI’s, comprehensive site approval packages and other financial based reports and analysis including site submittal packages for presentation at monthly Real Estate Committee (REC) meeting
• Present proposed site approval packages at monthly Real Estate Committee (REC) meeting in assigned territory
• Frequent travel to/within assigned territory to maintain a strong understanding of retail trade areas including traffic and retail patterns, demographic trends and market shifts, as well as proactively planning for targeted future opportunities
• Frequent communication with operational partners and periodic presentations/meetings to review strategy and priorities for new store & potential relocations within assigned territories
• Develop/maintain relationships with key developers, while effectively communicating with and managing expectations of external business partners
• Attend/represent Five Below at select Regional & National ICSC Conventions

The pay range for this position is $115,000 to $157,000 annually. Pay may vary based on a number of factors, including but not limited to a candidate’s job-related knowledge, skills, and experience; educational background; and geographic location. Dependent on the position offered, benefits, bonus and incentive payments, and other forms of compensation may be provided as part of a total compensation package.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Five Below is an Equal Opportunity Employer.

BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @ fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below’s Careers Site at www.fivebelow.com/info/careers to verify the posting.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!

Five Below is an Equal Opportunity Employer.

BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @ fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below’s Careers Site at www.fivebelow.com/info/careers to verify the posting.