Real Estate Manager

Comfort starts with our 10,000+ team members across the globe, who are transforming the power of comfort every day. Our employees have the power to change lives, in our homes, work and communities. We foster an inclusive environment while honoring a legacy built on family, where everyone can be themselves.
 
If you are ready to join an industry leading organization where our people are the most important asset, and innovation propels us into the future, you’re ready to take your seat at La-Z-Boy Incorporated. 
 
WE BELIEVE IN THE TRANSFORMATIONAL POWER OF COMFORT

Manages the real estate portfolio of existing La-Z-Boy retail stores, distribution facilities, offices and plants. Interact with brokerage teams across the country to source and evaluate all alternatives for new growth opportunities and existing store lease renewals. Take an active role in market research management and evaluation for new and potential relocation store decisions.

Job Description:

KEY RESPONSIBILITIES (other duties as assigned):
• Oversee and manage the real estate for both company owned locations and dealer stores throughout the La-Z-Boy store network
• Lease negotiations – with assistance and input from the company’s in-house real estate attorney, negotiate with 3rd parties to arrive at favorable terms for retail and industrial properties
• Assist with the manufacturing and distribution real estate portfolio around the globe in connection with the Vice President of Real Estate
• Real Estate Committee – lead preparation, data presentation and all matters related to real estate committee to present projects for final approval
• Support dealer network for market planning, market research, Letter of Intent negotiation and final real estate committee approval
• Participate in site tours to various markets to narrow down potential real estate options for final executive approval
• R&A Approval – provide documentation for each new lease, renewal or relocation tied to the business and ROI associated with the project
• Assist with negotiating dealer acquisitions across the country
• Work on misc. real estate matters and property management issues for operating and closed facilities. Other administrative real estate functions as assigned by the Vice President of Real Estate.

SCOPE & IMPACT:
This is a transactional real estate manager position that works on leases, renewals and acquisitions with people outside the company. They will support the company’s overall real estate strategy but do not have any direct reports. They will be responsible to complete 10 to 15 large real estate transactions per year with an aggregate value of $35 million. Their work will be presented to our real estate committee that includes the president of retail, our CFO and our CEO. From a capital perspective this person will be responsible for investing $5 to $10 million of capital per year in real estate projects.
MINIMUM REQUIREMENTS:
• Bachelor’s degree with 6-8 years of experience including 3-5 years of supervisory/leadership experience or equivalent
• Travel Required: 40%
• Strong understanding of current retail real estate environment in the United States, knowledge of market research and experience in real estate negotiations.

PREFERED REQUIREMENTS:
• None

SUPERVISORY RESPONSIBILITIES: One

PHYSICAL DEMANDS/WORK ENVIRONMENT:
Indicate any physical demands required to perform essential functions and/or work environments that the incumbent is subject to in performing the essential functions.

OTHER DUTIES: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the incumbent for this job. Duties, responsibilities and activities may change at any time with or without notice.

Weekly Hours:

40

Benefit offerings to employees and their families include: Medical, Vision, Dental and Basic Life Insurance, available 401k retirement plan with company match of up to 6%. Paid time off includes: 9-11 paid holidays each year, two weeks’ prorated vacation as a new hire and either personal time (non-exempt only) or state mandated sick time.

More information can be found via: https://learn.bswift.com/la-z-boy

If this role requires travel / driving in order to perform the key responsibilities outlined above, candidates must be able to meet the qualifications noted in the company’s Driver Management Program to be considered for the role.

At La-Z-Boy Incorporated, we're an equal opportunity employer. We understand that our employees’ diverse backgrounds, experiences, perspectives, and viewpoints add value to our ability to create and deliver the best possible service, quality products, and is of utmost importance as we work together to build comfort. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

We are committed to fostering an environment in which all employees feel valued, included, and empowered to do their best work and bring great ideas to the table. If you are a qualified individual that may need a change or adjustment to the application/interviewing/hiring process as a result of your disability, you may request a reasonable accommodations by emailing our recruiting team at recruiting@la-z-boy.com or by calling 734-242-1444.