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Real Estate Advisor - Chicago Midwest
Entity:
Customers & Products
Job Family Group:
Retail Group
Job Description:
Job Description:
We currently have an exciting opportunity for a Real Estate Advisor to join our Real Estate team. This individual will advise the analysis, selection, negotiation, administration and coordination of bp's real estate program for specific brands, across major markets. Performs the execution of market plans, trade area analysis, site selections, and Letter of Intent (LOI) negotiations, contract negotiations, oversight of due diligence, and property management tasks. Individual will be involved in the relocation, replacement, renewal and expansion programs specific to assigned brands and other initiatives assigned.
What You Will Deliver
- Implement real estate strategies that support the company’s long-term business objectives, including portfolio optimization. Shepherd the real estate process from start to finish, from sourcing and site selection through lease execution, coordinating and collaborating with all parties and team members.
- Negotiate business terms and conditions of contracts with a variety of landlords from small investors to REITs while maintaining ongoing communication with attorneys on contract status.
- Lead all aspects of each deal from initial market plan through LOI to opening.
- Perform market research, both formal & informal, to assess real estate site opportunities while evaluating current portfolio rationalization within trade area priorities.
- Lead all aspects of and handle numerous broker relationships including site prioritization, negotiation mentorship and related site tour reporting.
- Deliver executive level presentations to bp committee to gain approval for proposed new deals.
- Coordinate and present market tours with the leadership team.
- Maintain close communications with internal partners throughout the new store development process.
- Represent bp in industry settings, such as local/regional/national ICSC events; stay abreast of real estate issues and developments within the REA's region and within the industry.
What You Will Need To Be Successful
- Comprehensive and proficient understanding of single-tenant real estate site selection and acquisition.
- Resourceful at identifying and evaluating fuel/convienience site locations (availability, access, population trends, sales potential, and competition).
- Ability to travel up to 50% of the time.
- Shown abilities in legal contract negotiation and administration.
- Proactive, innovative, and critical thinking.
- Strong written and verbal communication.
- Excellent interpersonal, persuasion and partnership skills.
You will work with
The team consists of real estate professionals who interact daily with Sales/Operations, Legal, Finance, Business Investment, Design, Construction, Vendors of real estate services.
At bp we embrace a servant team culture focusing on empowering individuals and fostering collaboration to achieve common goals.
Key selling points include:
- Empowerment: Team members feel valued and motivated as they are encouraged to take initiative and supply ideas, leading to higher job satisfaction and engagement.
- Collaboration: Open communication and mutual respect promote a sense of belonging, enhancing collaboration and leading to innovative solutions.
- Customer Focus (internal and external): By prioritizing the needs of others, both internally and externally, teams can provide exceptional service, improving client relationships and satisfaction.
- Personal Growth: A commitment to individual development ensures team members continuously improve their skills, benefiting both the individual and the organization.
Travel Requirement
Up to 50% travel should be expected with this role
Relocation Assistance:
Relocation may be negotiable for this role
Remote Type:
This position is fully remote
Skills:
Acquisitions and divestments, Acquisitions and divestments, Agility core practices, Agreements and negotiations, Analytical Thinking, Business process improvement, Commercial Acumen, Communication, Creativity and Innovation, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Collaboration, Digital fluency, Industry knowledge and advocacy, Leading transformation, Negotiation planning and preparation, Offer and product knowledge, Partner relationship management, Retail standards and procedures, Retail territory development, Retail training skills, Sector, market, customer and competitor understanding, Site maintenance management {+ 4 more}
Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
