Representative, Associate Leasing at Simon… · Irving

Job Location: Corporate Dallas

PRIMARY PURPOSE:

This position is responsible for working closely with the Assistant Vice President of Leasing learning how to lease shopping centers in a competitive, fast-paced environment. Simon Property Group has been named Fortune’s Most Admired Real Estate Company 7 times in the last decade. This is a resume-building opportunity to work with the #1 real estate developer in the world and one of the best leasing teams in the country.

PRINCIPAL RESPONSIBILITIES:

The successful candidate’s responsibilities will include, but not be limited to:

· Cultivates desirable prospective tenants; sells them on the advantages of wanting to be located in SPG center; responds to inquiries from retailers wanting to locate in SPG centers.

· Qualifies potential tenants by reviewing their financial statements and checking references; negotiates terms of lease on behalf of SPG for highest return to the Owners, including such items as space, basic and percentage rent, term of lease, extra charges, construction allowances, etc; reviews with immediate supervisor and obtains approval of next level of management.

· Communicates and coordinates with the Legal department to have documentations prepared incorporating the terms agreed upon and appropriate to the specific property; initiates preparation of tenant space; notifies construction department to send shell drawings and Constructions guidelines to tenant.

· Canvasses the market to identify potential tenants; visits existing retail facilities in the center’s community and neighboring communities at local shopping centers, central business districts and suburban retail areas; contacts retailers by phone or in person to obtain additional information and assess the level of interest on the part of the retailer and SPG in leasing space; reviews industry publications to identify potential national and regional tenants and maintain an awareness of industry trends.

· Evaluate retailers for their desirability as tenant in a specific SPG center; evaluates general merchandise and brands carried, price points, level of service offered, store design and general store appearance; maintains records of potential tenants for future reference; assists Mall Managers in existing centers in the identification of desirable retailers to fill vacant spaces.

· Develop leasing plans for new centers; reviews center performance and consults with the appropriate VP, Development to determine required rent per square foot; consults with Property Management for an estimate of CAM charges and taxes, and with Energy Engineering for central system charges; review market research and consults with retail in the area, and the type of tenant desired or recommended; identifies desirable space location fort tenants in each category throughout the center based on planned merchandise mix and traffic flow.

· Communicates with and reports to partners, lenders, and others as applicable, the status of leasing activity, as needed.

· Prepares annual budgets on center by basis for review and approval by senior management.

· Assist the Assistant Vice President of Leasing with the management and negotiation of national accounts and small regional packages.

MINIMUM QUALIFICATIONS:

· Bachelor’s Degree

· 1-2 years retail leasing/selling experience

· Working knowledge of merchandising mix and retailing

· Working knowledge of deal structures and lease terminology

· Negotiation and closing skills

· Well-developed oral and written communication skills.

· Excellent interpersonal skills with high energy levels

· Self-motivated, self-directed, and the ability to exercise independent judgement