Global Real Estate Manager - Retail

Why join us?

Our purpose is to design for the good of humankind. It's the ideal we strive toward each day in everything we do. Being a part of MillerKnoll means being a part of something larger than your work team, or even your brand. We are redefining modern for the 21st century. And our success allows MillerKnoll to support causes that align with our values, so we can build a more sustainable, equitable, and beautiful future for everyone.

GENERAL PURPOSE

The Global Real Estate Manager is responsible for developing and managing tactical leasing operations and supporting the execution of MillerKnoll's global retail location strategy. In partnership with business unit experts, works collaboratively to manage the entire leasing process for new and existing retail facilities. As the MillerKnoll retail real estate expert, develop and maintain effective trust-based working relationships with service providers, landlords, brokers, internal brand & business leadership, and tenants.

ESSENTIAL FUNCTIONS

• Leads all negotiations (coordinated with brokers, lawyers and landlords) and contract execution for all retail business transactions; including leases, sub-leases, sales, buyouts, sale lease backs, deal structure strategies, amendment and offer reviews, LOI's, site surveys, reviews and comments on all RFP's and proposals.

• Collaborates with internal brand and business partners to validate and implement our retail real estate strategy including new locations, lease terminations, consolidations, expansions, renewals and relocations.

• Supports RE Finance Manager as required to develop and implement internal financial approval documents (CAR/LAR), initiate tenant improvement applications, collect TIA money.

• Maintains accurate lease documentation and record-keeping for legal, accounting, tax and insurance functions.

• Manages all critical action dates and notification periods (coordinated with broker and portfolio manager), including lease end dates, options to cancel, and renewal dates to maximize strategic opportunities for all retail facilities.

• Works with brokers on obtaining best value and services. As needed, lead retendering for broker services.

• Works with in-house and outside council, to prepare, review and execute agreements, ensuring compliance with all legal and regulatory requirements.

• Engage stakeholders in a timely and proactive manner to make informed decisions.

• Engage with business partners on lease interpretation and review including facilities, construction and design, finance, legal, and store teams.

• Maintains general knowledge of emerging real estate trends, best practices, and technologies and how they may optimize current business practices.

• Travels as needed to meet with landlords, review existing or potential sites and determine best location for business needs.

• Prepares regular reports on leasing activities for leadership.

• Coordinates with facilities management teams to ensure properties are well-maintained and in good working condition.

• Coordinates with facilities management, project management and accounting to collect all outstanding tenant improvement allowance dollars.

• Coordinates with facilities management, project management to define work letters, tenant improvement allowances and schedules attached to leases.

• Maintains understanding of Landlord works, reading architectural drawings as it relates to MEP, work letters, and ability to understand basic construction processes from demolition, buildout, and FFE/handover

• Ensures smooth transition from real estate to accounting for new locations.

• Identifies and communicates significant risks and solutions to relevant MillerKnoll stakeholders at all levels.

• Provides guidance, counsel and insight on project management, build, maintenance, and improvement costs in conjunction with external and internal resources.

• Performs additional responsibilities as requested to achieve business objectives.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience

• Bachelor's degree in Property Management, Business, Finance, Economics or relevant academic discipline. Master's degree preferred with Real Estate or Finance focus.

• 7 years of previous retail real estate industry or equivalent experience. International and commercial real estate experience preferred.

• Proficiency in Visual Lease and Smartsheets.

Licenses and Certifications

MCR Preferred

Skills and Abilities

• Demonstrated high-level of negotiation, communication, and problem-solving skills.

• Exceptional interpersonal skills and the ability to identify and report site-specific conditions and deal details at a level and sequence appropriate to the audience.

• Proven ability to work in an environment that requires discretion and confidentiality.

• Expert knowledge of lease language & related legal documentation specific to retail real estate.

• Understanding of real estate principles, concepts and of legal terms specific to real estate.

• Ability to create and interpret Pro forma, Cash Flow Analysis, and Basic deal tracking structures

• Ability to manage multiple assignments and tasks related to properties and leading real estate project management.

• Experience interpreting market research, retain store performance, and other types of relevant retail or real estate data

• Experience with Lease Administration system and tools.

• Ability to report, analyze, evaluate, and reconcile financial data and information.

• Demonstrated ability to effectively use office automation, communication, software and tools currently used in the MillerKnoll office environment, specific proficiency in Visual Lease and Smartsheets.

• Solution-focused with the ability to identify pros/cons and risks/benefits of competing agendas and solutions.

• Experience being the real estate lead in project groups.

• Independent, highly organized self-starter with the ability to effectively manage multiple tasks, quick changes, changing priorities and proposals.

• Demonstrated ability to effectively use office automation, communication, software, and tools currently used in the MillerKnoll office environment.

• Solution-focused with the ability to identify pros and cons of competing agendas and solutions.

• Expert ability to think strategically and execute tactically; must be financially literate and possess well developed business acumen.

• Ability to travel as needed to achieve business objectives.

• Must be able to perform all essential functions of the position with or without accommodations.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to perform all essential functions of the position with or without accommodations.

Who We Hire?

Simply put, we hire everyone. MillerKnoll is comprised of people of all abilities, gender identities and expressions, ages, ethnicities, sexual orientations, veterans from every branch of military service, and more. Here, you can bring your whole self to work. We're committed to equal opportunity employment, including veterans and people with disabilities.

MillerKnoll complies with applicable disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact MillerKnoll Talent Acquisition at careers_help@millerknoll.com.