The Vice President, Leasing is responsible for developing, executing, and managing the marketing and leasing strategy for assigned commercial real estate properties. The VP builds and maintains relationships with key clients, tenant-brokerages, and the greater real estate community. Portfolio responsibility may be up to 5 million sq. ft. of total leasable space. Oversees the entire leasing process (start to finish) from generating initial prospect interest through qualification, lease negotiation and document execution.
ESSENTIAL FUNCTIONS:Execute the marketing and leasing strategy for the assigned regional properties. Working with the Investment Leads, Portfolio Oversights and Property Managers and makes recommendations and assists in the coordination of property improvements designed to supplement the leasing process Negotiates leasing transactions with key, large scale clients & tenantsMaintain property visibility with the local brokerage and prospect community to maximize property exposure in the market place Continuously sourcing new opportunities for tenants via active marketing and proposalsStay abreast of comparable properties, their pricing and competitive positions, to maximize occupancy and financial performance of company’s properties relative to the competition. Manages leasing process, including but not limited to: Negotiates leases, renewals and expansions Works with legal counsel to prepare lease documents Coordinates weekly/biweekly leasing calls and with third-party brokers and Investment teams and the distribution of leasing reports Coordinates space planning with prospective tenants Participates in the acquisition due diligence process including but not limited to; market data analysis, leasing rates, marketing strategy and leasing velocity. Responsible for understanding and interpreting pro forma requirements and lender obligations. Budgets expected property rental rates and leasing costs (tenant improvements, commissions and landlord costs). Working with Development/Construction and the Asset Manager, assists in and helps expedite the space planning process and tenant improvement process to maximize speed to lease. Participates in acquisition process due diligence for new asset acquisitions within assigned portfolio areaMaintains stacking plans.
EDUCATION/EXPERIENCE REQUIREMENTS: BS/BA required10-15 years’ experience in Commercial LeasingKnowledge and understanding of the commercial leasing processKnowledge and understanding of space planning and tenant improvement processKnowledge and understanding of real estate law, finance and accountingDemonstrated skill in negotiations, particularly with large, institutional counter partiesExcellent oral and written presentation skillsProficiency with Microsoft Excel, Word and Outlook. Experienced with spreadsheets, word processing and web-based marketing software