Director of Real Estate at Core Development and Management-Planet Fitness

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Sep, 26

Salary

145000.0

Posted On

18 Jun, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Market Planning, Site Identification, Lease Negotiation, Lease Management, Strategic Analysis, Demographic Analytics, Financial Criteria Assessment, Project Management, Strategic Planning, Relationship Management

Industry

Wellness and Fitness Services

Description

Summary of Position As a key member of the Development Team, the Real Estate Manager is responsible for market planning, site identification and negotiation of new leases and management of existing leases for the largest fitness company in New England. In this role the Manager oversees the process from site identification through lease negotiation and all aspects of lease management for open clubs. This role partners with the Operations and Marketing teams as well as external landlords and brokers to build a robust pipeline of new clubs and continually assess existing real estate portfolio for new opportunities. Essential Duties and Responsibilities * Identify and assess potential new club locations * Prepare and present strategic analysis of sites, including demographic information, analytics, site criteria, financial criteria, performance estimates and other site relevant information * Serve as administrator and subject matter expert of Leasecake software platform (housing all lease data and abstracts), Placer.ai software platform (demographic and site analytics, and Tango software platform (demographic and site analytics) * Serve as leasing subject matter expert, including knowledge of lease data, management of critical lease dates, knowledge of critical lease terms, and interdepartmental communication regarding all lease information * Coordinate with marketing department and operations to plan presale efforts from a real estate perspective, including negotiation of licenses for presale space where necessary * Assist with negotiation of letters of intent and leases * Market planning (future new club development, negotiation of expansions and relocations of existing clubs, and negotiation of leases for expiring leases) * Travel throughout the development area to identify new site opportunities, impact on existing clubs, relocation opportunities, etc. * Establish relationships with existing and new landlords in order to expand pipeline opportunities * Communicate consistently with broker network to ensure market planning optimization and new club opportunities * Effectively communicate all real estate updates internally * This role requires +/- 50% travel across multiple regions (primarily New England). Qualifications/Skills * 10-15 years of experience in real estate management. * Demonstrated ability to manage multiple projects simultaneously, on time and within budget * Strong strategic planning and assessment skills

Responsibilities

Responsible for market planning, site identification, and the negotiation and management of leases for a fitness company. The role involves building a pipeline of new clubs and assessing the existing real estate portfolio in partnership with operations and marketing teams.