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Leasing Manager

Santa Monica Corporate
Posted Feb 14, 2020

Position Description:

The Leasing Manager is responsible for negotiating long-term leases (longer than one year) for retail stores at their assigned shopping center(s).  Leasing Managers maintain ongoing communication with national, regional and local retailers, and providing information to the retailers.  Leasing Representatives maintain a pulse on the retailer's need with respect to space requirements and location in order to present the right opportunities. This role monitors the shopping center's changing market conditions and merchandise mix to determine the best types of stores (uses) for the property. In all efforts, the Leasing Manager will embrace and demonstrate Macerich Core Values and partner with the property team to increase the bottom line profitability of the shopping center.  

Essential Job Functions:
•Negotiate Letters of Intent on an on-going basis and receives appropriate approvals; obtains all pertinent information and documentation for lease request.
•Monitor lease expirations, sales termination rights and lease options for their center/accounts.
•Work with senior management on providing annual budgetary information.
•Merchandise their assigned shopping centers and redevelopment projects.
•Review tenant sales.
•Handle cold calls from perspective long-term tenants
•Conduct market and project tours
•Attend Leasing and mall management meetings 
•Communicate internally with the Leasing team on the status of what is happening within their dedicated projects 
•Ability to discuss the portfolio and have market awareness.
•Ability to work in Yardi to prepare Letters of Intent, input budgetary information and submit deals for lease.
•Work with Tenant Coordination to negotiate tenant work letters and get tenants open.
•Work with Legal department from Letter of Intent and to completion of lease.
•All other duties as assigned.

Requirements and Qualifications:
•Bachelor's Degree required.
•Minimum of 3-5 years in retail leasing, marketing and/or shopping center experience.
•Comprehensive understanding of marketing and merchandising techniques.
•Understanding of both the business and legal terminology used.
•Strong interpersonal and sales skills are necessary.
•Flexibility in work schedule, as needed.
•Employee must have the physical capability to perform all core functions of the position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the core functions of the job. All applicants must be able to perform the essential functions of the position, including corresponding core job requirements, with or without a reasonable accommodation. Reasonable accommodations may be made to enable individuals with disabilities (and others in accordance with applicable law) to perform the essential functions of the job, consistent with applicable laws and Company policy.