The Pacific Northwest Field Execution Team of McDonald’s USA, LLC has an opening for an Area Real Estate Manager, who will be accountable for all real estate activities within assigned geographical area. This individual will partner with the Area Construction Manager to enhance convenience, customer experience and relevance through new site development and the existing real estate portfolio, while maximizing system profits, regional income and return on investment.
**The ideal candidate will be located in the Portland or Seattle WA area or potentially in the Northern California area***
In addition to following McDonald’s policies and procedures, principal accountabilities include:
Manages an assigned territory to include market analysis and long term growth plan; identifies new site opportunities and relocations; ensures best location/best value for all real estate acquisitions
Evaluates sales potential and financial viability of identified/targeted sites and utilizes that info to negotiate all business terms on new deals from letter of intent through closing of the transaction
Partners with the Area Construction Manager to prioritize development opportunities to ensure best use of capital (e.g., timing, funding and returns) within the territory.
Creates, manages, and executes the development plan to meet portfolio returns and goals of the Team
Conducts in-depth field work to include in presentations for site ride packages and presents to management for approval.
Works with Construction and other internal Departments to clear due diligence items and secure all required approvals.
Collaborates with Finance, Legal and Operations departments on a variety of initiatives and participates in Vision Plan for the territory
Fosters relationships with franchisee network
Develops and utilizes a network of Brokers and other outside consultants.
Networks with key industry leaders including developers, Economic Development/City/County departments, and peers.
Gathers and analyzes information on the potential of the market and each restaurant in assigned geographical area and develops a long term growth plan
Develops an understanding of existing restaurant inventory, including reinvestment plans and ensures that all development activities are adequately balanced
·Ensures quality control standards for real estate transactions (e.g. cost, time location, economics, market needs, and deal quality)
Provides targeted marketplace analysis and customer knowledge to make recommendations for specific elements of reinvestment/reimaging plans
4-7 years commercial real estate experience with emphasis on site acquisition in a multi-unit retail market
Must have experience in developing new, ground up construction, not just brokerage or sales experience.
Bachelor’s Degree Required Real estate and/or Finance degree preferred
Excellent negotiation skills (deal making)
Ability to analyze and research markets for the development of high volume restaurant locations
Experience with municipal planning and zoning procedures
Project Management Skills
Good networking skills and established industry relationships
Strong computer skills – must have proficiency in basic software applications and be able to create basic spreadsheets, PowerPoint presentations, utilize mapping and proprietary software