Director of Real Estate

Core Development and Management-Planet Fitness

Boston, Massachusetts

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JOB DETAILS

SKILLS

Artificial Intelligence (AI), Brokerage, Budget Management, Communication Skills, Data Management, Demographics, Fitness, Lease Negotiation, Leasing, Licensing Negotiations, Marketing, Multitasking, Negotiation Skills, Operations Planning, Pre-Sales, Project/Program Management, Property Management, Real Estate, Sales Pipeline, Sales Prospecting, Strategic Analysis, Strategic Planning, Time Management, Willing to Travel

LOCATION

Boston, Massachusetts

POSTED

5 days ago

Summary of Position

As a key member of the Development Team, the Real Estate Manager is responsible formarket planning, site identification and negotiation of new leases and management of existing leases for the largest fitness company in New England. In this role the Manager oversees the process from site identification through lease negotiation and all aspects of lease management for open clubs. This role partners with the Operations and Marketing teams as well as external landlords and brokers to build a robust pipeline of new clubs and continually assess existing real estate portfolio for new opportunities.

Essential Duties and Responsibilities

Identify and assess potential new club locations

Prepare and present strategic analysis of sites, including demographic information, analytics, site criteria, financial criteria, performance estimates and other site relevant information

Serve as administrator and subject matter expert of Leasecake software platform (housing all lease data and abstracts), Placer.ai software platform (demographic and site analytics, and Tango software platform (demographic and site analytics)

Serve as leasing subject matter expert, including knowledge of lease data, management of critical lease dates, knowledge of critical lease terms, and interdepartmental communication regarding all lease information

Coordinate with marketing department and operations to plan presale efforts from a real estate perspective, including negotiation of licenses for presale space where necessary

Assist with negotiation of letters of intent and leases

Market planning (future new club development, negotiation of expansions and relocations of existing clubs, and negotiation of leases for expiring leases)

Travel throughout the development area to identify new site opportunities, impact on existing clubs, relocation opportunities, etc.

Establish relationships with existing and new landlords in order to expand pipeline opportunities

Communicate consistently with broker network to ensure market planning optimization and new club opportunities

Effectively communicate all real estate updates internally

This role requires +/- 50% travel across multiple regions (primarily New England).

Qualifications/Skills

10-15 years of experience in real estate management.

Demonstrated ability to manage multiple projects simultaneously, on time and within budget

Strong strategic planning and assessment skills

Director of Real Estate

Core Development and Management-Planet Fitness

Boston, Massachusetts

About the Company

Core Development and Management-Planet Fitness

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