About The Company
Albertsons Companies is at the forefront of the revolution in retail. With a fixation on raising the bar with innovation and building belonging through our culture, our team is rallying our company around a unique purpose
: to create joy around each table and inspire a healthier tomorrow for every community.
Albertsons Companies is one of the largest food and drug retailers in the United States, with over 2,200 stores in 34 states and the District of Columbia. Our well-known banners include Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets, and Balducci's Food Lovers Market. We support our stores with 22 distribution centers and 19 manufacturing plants.
Placing a premium on adaptability, safety and family well-being, our work model, Presence with a Purpose, offers a hybrid work environment between remote work and office time. A one-size-fits-all approach does not apply to everyone, and teams are empowered to make decisions best for them.
Bring your flavor
Building the future of food and well-being starts with you. Join our team and bring your best self to the table.
#bringyourflavor
What You Will Be Doing
The position will be based in Itasca, IL.
Main Responsibilities
- Takes ownership and lead responsibility for development of comprehensive strategic real estate plans for Division. Not only sees the big picture, but develops a strategy, obtains Division and Executive support, and executes thestrategy.
- Initiates and completes real estate transactions of varying types and degrees of difficulty and takes a leadership role in thedue diligence, entitlements, legal documentation, project coordination and project tracking on applicable asset management trackingsystems.
- Prepares high quality and accurate investment packages for Real Estate Committee utilizing in-house tools such as Excel, Arc/GIS, and PowerPoint.
- Coordinates all negotiations and collaborates with team attorney to finalize deal documentation.
- Engagesandinterfaceswith real estatebrokers and other 3rd party consultantstomarketsurplusproperties,negotiatebusinessdeals,compileandsubmitpackagesto Real EstateCommittee.
- Works closely with the design and planning team and construction manager to timely obtain governmental approvals and complete store openings. Acts as a primary contact for inquiries regarding information on theproject.
- Works staff and other governmental bodies in connection with the Company’s real estateactivities.
- Stays well versed on market dynamics in assigned territory including current and future changes to: public infrastructure, competition and demographics. Understands basic forecasting methodologies including gravity and analoguemodels.
- Represents the Company in discussions and negotiations with Planning Commissions, City Councils, Planning andPublic.
- Understands and stays current on company policies relative to the negotiation of legaldocuments.
- Provides leadership and mentors less experienced real estate personnel, e.g. Real Estate Managers and Real EstateAnalysts.
- May have direct reports, which will vary byDivision/Banner.
A copy of the full job description can be made available to you.
The salary range is $118,100 to $165,380 annually. Starting salary will vary based on criteria such as location, experience, and qualifications. There may be flexibility for exceptional candidates. Benefits include, medical, dental, vision, disability insurance, optional life insurance, sick pay, PTO/Vacation pay/Flexible Time Off, paid holidays (9 days annually) bereavement pay and retirement benefits (pension and/or 401k eligibility). [If applicable:] Associates in this position are also eligible for a quarterly bonus
What We Are Searching For
Strategy and Planning
- Proactive self-starter with an owner/investor/developer attitude.
- Strategic thought leader with ability to influence and develop real estate plans andstrategy.
- Superior expertise in real estate concepts, documentation, and the experience to close deals with limitedsupervision.
- Possesses an established broad real estate network which enables the candidate to be resourceful,and get to solutions quickly.
Portfolio Optimization
- Highly developed market analysisskills.
- Seasoned and well-honed financial skills able to apply financial modeling techniques and critical analytical frameworks to solve for effective real estate decisions andoutcomes.
- Experienced dealmaker with strong negotiation skills with the ability to negotiate multi-million dollar transactions toa successfulconclusion.
- Analyzes and makes recommendations for underperforming real estate assets (e.g., closing, leasere-negotiation)
- Understands standard financial statements and can assess potential credit worthiness ofcompanies.
Store Growth
- Knowledge of local and regional real estateactivities.
- Knowledge of land use regulations and the political and governmental processes governing real estatedevelopment.
- Creates, manages, and executes the development plan to meet portfolio returns and goals.
Working knowledge of Design including fixture plans, site plans, and project development plans.
- Proficiency in Arc/GIS and MS Office: Word, Excel, Outlook andPowerPoint.
- Partners with Store Operations team in developing and executing effective store opening promotional campaign and analyzing post opening performance
Leadership and Communication
- Ability to partner with and influence ExecutiveManagement.
- Team player able to lead internal and external teams in a fast-paced retail real estateenvironment.
- Integrity and professionalism to represent the Company's interests to outside investors, professionals and vendors as well asteammates.
- Excellent communication skills both written andverbal.
- Acts in a competent, professional, and timelymanner
Education/Experience
- 5+ years of extensive and relevant experience in corporate real estate, shopping center development, and/or realestate with major retailer.
- Bachelor’s degree required with emphasis in Real Estate, Finance, or General Business. MBApreferred.
Internal/External Contacts
- The position coordinates and collaborates with various disciplines within the Company including: Store Operations, Finance, Design, Construction, Maintenance, Legal, Property Management and CorporateDevelopment.
- Real estate brokers, developers, investors, attorneys, government officials, retailers, landlords and design and engineering professionals.
Physical Environment
- Most work is performed in a temperature-controlled officeenvironment.
- May sit for long periods of time at desk or computerterminal.
- May use computer, calculator, keyboard, telephone, and other office equipment in the course of normalworkday.
- Stooping, bending, twisting, and reaching may be required in completion of jobduties.
- 25% – 50% travel depending upon assignedterritory.
What is it like at Albertsons?
Our 290,000 associates have a passion for great service and building lasting relationships with our customers. Through a companywide focus on innovation, we are continually enhancing our digital and product offerings, making it easy for customers to get what they need, wherever they are.
Albertsons is an Equal Opportunity Employer
This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, gender identity/expression, sexual orientation, or on any other basis prohibited by law. Consistent with applicable state and local law, the Company will consider for employment qualified applicants with arrest and conviction records.
We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact us at 1-888-255-2269(option #4).
