Principal, SVP - Development - Marcus Partners

March 02, 2018

Marcus Partners

Boston, Massachusetts 02110

Marcus Partners


Position Description: Principal, SVP - Development

Company Description:

Marcus Partners is a value-oriented real estate investment and development firm based in Boston, Massachusetts with regional offices in Metro New York City and Metro Washington, D.C. and a focus on major East Coast markets. The firm has built a reputation as an experienced and trusted investment and development firm, known for high quality work and the ability to identify and implement value-driven real estate, design and development solutions. Marcus Partners is primarily engaged in the acquisition, repositioning and development of commercial office, industrial, biomedical and medical office properties as well as residential and mixed-use projects. The firm is vertically integrated with investment, development and construction, asset and property management professionals and has a proven track record of successful real estate investment, and development projects.

The firm successfully acquired and divested 15 properties in the Metro Boston, D.C., New York, and Atlanta regions for Marcus Capital Partners Fund I. Currently, the firm is investing in new acquisition, repositioning and development opportunities for Marcus Capital Partners Fund II, a $250M closed end investment vehicle. The firm also develops property from its 3M square foot legacy portfolio that includes 1M square feet of development potential.

As its core business continues to expand, Marcus Partners is seeking an experienced development professional to lead its real estate development efforts and team.

Candidate Profile:

The individual must be confident, intelligent, and adaptable and an experienced development professional who can successfully lead a team of development professionals and collaborate with an acquisitions and investment team. He/she must be passionate about real estate development, redevelopment and investment projects, take an ownership perspective and embrace an entrepreneurial work environment. This professional must possess a strong work ethic and a deep understanding of complex opportunities to implement disciplined decision-making strategies. He/she should have proven experience with assembling and leading dynamic teams of development, design and engineering professionals and working with local authorities to obtain required permissions and entitlements.

The individual must be detail-oriented and have a proven ability to manage and deliver multiple projects and development teams, across various asset classes and markets. He/she must understand building systems and how they interface, zoning hurdles and strategies, design and construction delivery strategies, contracts, and development project budgets. He/she must be able to work closely with the firm's other principals to assist with the development of marketing, financing, construction and property management strategies. He/she must take pride in achieving quality objectives, be able to gain the trust and respect of peers, and have a huge desire to succeed. Reporting to the CEO and serving as a member of the senior leadership team, the individual must also be able to successfully support rigorous property acquisition and leasing efforts and provide firmwide leadership within this entrepreneurial, Boston-based organization.


Primary Responsibilities:


The Principal, SVP - Development will be responsible for leading the firm’s real estate development efforts. He/she will be responsible for synthesizing, organizing and coordinating every aspect of each new and proposed project, ensuring that requirements, objectives and expectations are defined, communicated, understood, and then transformed into a well-planned, well executed delivery. In that context, this individual's responsibilities include the following:

  • Lead development acquisition pursuits;
  • Lead multiple development projects and teams from conception to divestment in the firm’s target markets;
  • Assist in the leadership of the company in all areas as a Principal;
  • Interface and collaborate with investors, prospective partners, users, lenders, tenants, regulatory officials, design professionals, and builders;
  • Maintain a strong market presence;
  • Develop strategies for acquiring required zoning and entitlements;
  • Develop and implement strategies and procedures to successfully deliver projects on-time and on-budget with minimal risk;
  • Oversee construction projects, capital upgrade projects and tenant improvements;
  • Collaborate with acquisition teams to implement pre­acquisition activities, spearhead due diligence evaluations, and assist leasing efforts;
  • Manage needs versus wants leading to changes in the scope of work;
  • Manage interfaces and communications with development partners and lenders.


Job Requirements:


Bachelor of Science in engineering, architecture, construction management and/or another related science.

Minimum of 15+ years of related development management experience; must have a broad understanding of building technologies, the design process, regulatory approval processes and construction delivery methods, procedures and techniques.