Job Title : Director of Real Estate
Location : Remote in Columbus, OH
Company : Bath & Body Works
Salary :
Open Date : 2023-10-19
Close Date : 2024-02-19

Brand: Bath & Body Works
Location: Columbus, OH, US
Location Type: Remote
Job ID: 03ZPM
Job Area: Real Estate
Employment type: Full-time
Salary Range: $135,000.00 – $230,000.00

Description

** This opportunity is Hybrid from Columbus, OH, with relocation benefits OR remote in the US.

The Director of Real Estate will be responsible for proactively managing a multi-state region, to drive the implementation of real estate strategies in accordance with tactical plans for Bath and Body Works. The Director of Real Estate will lead the performance of targeted accountabilities, consistent with tactical plans, such as identifying and negotiating deals for new stores, renewals, remodels, expansions, conversions, relocations, rent relief and store closings consistent with tactical plans.

The Director of Real Estate will drive and influence strategy about how retail real estate can effectively support Bath and Body Works’ growth objectives using relevant competitor intelligence, benchmarking, and other analytics. A strong focus is placed on guiding tactical plans and having agility in adjusting the pace of real estate capital with the flexibility to accelerate or decelerate should strategy change.

• Understands and leads implementation of real estate strategies, driving timely execution of tactical plans.

• Strong market knowledge with complete familiarization of fleet positioning in multiple regions. Partner in developing real estate strategies, that align with and support Bath and Body Works non-mall growth and optimization of existing fleet stores through the addition of White Barn Candle while repositioning/resizing/renewing to ensure the right locations and configurations in accordance with approved strategies.

• Conduct/lead site selection and deal negotiations for optimal brand positioning.

• Balance carrying out of capital and non-capital transactions to ensure agility and appropriate capital spending

• Partner in the organizing/conducting of periodic developer portfolio reviews

• Lead disposition/redeployment of nonproductive real estate and working cross-functionally with Operational Finance and Legal.

• Perform budget development, analysis and recommendations for both occupancy cost targets, annual market reviews/tactical planning, and tier & segmentation review.

• Coordinate work of cross-functional teams, including Store Design & Construction, Finance, Research and Legal, to fully evaluate deals and resolve all key issues.

Bath & Body works is proud to offer a competitive, performance-based compensation and benefits package to our eligible associates. Benefits include a merchandise discount, a no cost mental health and well-being program, health coverage with a variety of plans to choose from, and flexible and affordable saving programs. We also offer flexible scheduling and opportunities for paid time off. Visit bbwbenefits.com for details.

View Benefits Information

Qualifications

• 8+ years of professional Real Estate Experience

• Prior in-house retail real estate experience preferred

• Possess expert knowledge of real estate markets and excellent developer relationships

• Strong analytical skills and financial acumen

• Well-developed interpersonal skills with influencing capabilities

• Excellent communication, presentation, and moderate to advanced MS Office suite skills.

• Diplomacy, tact skills in dealing with difficult situations

• Ability to independently develop recommendations on strategy, improvements, and deliverables based on prior experience and industry knowledge

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required.

We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws. Please see links: Los Angeles Fair Chance In Hiring Ordinance, Philadelphia Fair Chance Law, San Francisco Fair Chance Ordinance.

We are an equal opportunity and affirmative action employer. We do not make employment decisions based on an individual’s race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status, pregnancy, genetic information, protected veteran status or any other legally protected status, and we comply with all laws concerning nondiscriminatory employment practices. We are committed to providing reasonable accommodations for associates and job applicants with disabilities. Our management team is dedicated to ensuring fulfillment of this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, associate activities and general treatment during employment. We only hire individuals authorized for employment in the United States.

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