The Corporate Director of Real Estate will play a critical role in driving the market strategy and growth for Vibe Restaurants. This individual will be responsible for new store expansion, including site selection, approvals, and lease executions, as well as existing restaurant acquisitions. They will also serve as the lead on real estate, representing the company and driving its expansion strategy with brokers and landlords. The ideal candidate will work well in a collaborative team environment but also be able to work independently, both in the field and in the office.

Essential Job Functions:

Strategic Real Estate Management

Work with senior leadership to formulate and execute national, regional, and local real estate goals.
Source, vet, and approve sites through the broker network or directly.
Prepare and present new sites for approval at real estate committee and board meetings.
Analyze proformas to determine the financial feasibility of potential new sites.

Relationship & Project Management

Develop and maintain strong business relationships with the Franchisor, landlords, developers, and other retailers.
Work with the real estate team on design elements for each new potential site.
Partner with the construction team to develop and meet project timelines for space turnovers.
Manage and coordinate the broker network.

Process Improvement & External Representation

Help improve and create processes and documentation for site selection, contract negotiation, and committee approvals.
Attend ICSC Conferences and other real estate conferences and events.
Communicate the Vibe Restaurants vision to landlords, developers, and other retailers.

Responsibilities:

The responsibilities of this role include driving the expansion strategy, managing new store expansion and acquisitions, and serving as the lead on real estate matters. This includes site selection, site approvals, and the execution of LOIs and leases.

Qualifications/Requirements:

Education & Experience: The role requires 7 to 10 years of experience in real estate, site selection, LOI and lease negotiation, and project management.
Job Specifications:
Must possess strong organizational skills and attention to detail.
The ability to work harmoniously with people is an essential quality.
You must have a thorough knowledge of and commitment to the company's culture and values, with a high level of ownership mentality.
The ability to understand and drive metrics is required.

Physical Demands:

Primarily office-based with extensive travel to restaurant locations.
Ability to work in a fast-paced environment with multiple priorities.
Occasionally required to lift and carry materials for meetings or events.

Work Environment:

This role requires up to 60% travel. It involves working both in the field and in the office. The person must also enjoy extensive travel.

Disclaimer:

The job description is designed to outline the essential functions, responsibilities, and qualifications of the role. It is not an exhaustive list of duties and may evolve based on business needs.

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