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Specialty Leasing Manager (Arden Fair)

Arden Fair
Posted Mar 11, 2021

Position Description:

The Manager, Specialty Leasing is responsible for delivering the Specialty Leasing budget in their assigned center through the negotiation and execution of short-term cart, kiosk and short-term store leases.  This position requires a strong understanding of sales, demographics, retail trends and merchandising in order to identify and negotiate leases that are sustainable and compliment the long-term leasing strategy. In all efforts, the Manager, Specialty Leasing 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:
Core Functions
•Work with AVPs, Specialty Leasing in developing a sales, merchandising and rate strategy for assigned centers.
•Negotiate and execute Specialty Leasing agreements to deliver annual budgets and supports overall asset strategy.
•Remain current on local retail trends and identify and secure new and appropriate retail concepts as part of merchandising strategy; business development outreach includes cold-calling, internet research and active social media engagement.
•Monitor temporary agreement expirations to mitigate risk and drive revenue.
•Work with senior management on providing annual budgetary information.
•Develop annual budgets with guidance from AVPs.
•Prepare monthly specialty and kiosks forecasts.
•Develop a thorough understanding of local market and center demographics to conduct center tours.
•Attend leasing and asset meetings as required. 
•Communicate internally with the leasing and management teams on the status of leasing activity.
Specialty Leasing
•Responsible for overall Specialty Leasing program by way of deal execution, proper display, placement and retailer relations.
•Assist the center team in administration of program when required (insurance submission, document execution, operational standards etc.).
•Maintain monthly forecasts.

Requirements and Qualifications
•Bachelor's Degree required.
•Minimum of 3-5 years in retail sales, shopping center leasing or specialty leasing experience.
•Comprehensive understanding of basic accounting principles and financial reporting.
•Knowledge of retail and food industry trends.
•Effective sales and communication skills that fosters cooperation and teamwork.
•Flexibility in work schedule, as needed.
•Basic computer skills including, Outlook, excel, adobe acrobat, power point
•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.