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Director of Development and Real Estate

Company: Stanton Optical
Location: Lake Worth
Posted on: May 3, 2021

Job Description:


Reports to: Senior Vice President of Operations

Location: Corporate Support Center - Palm Springs, FL

About Us:

Now Optics is a leader in the eye health industry and its retail brands, My Eyelab and Stanton Optical, are among the fastest growing optical retailers in the country. We are driving transformational change in the industry to enhance the customer experience. Now Optics believe every person, no matter their situation, should have access to quality eye care at their convenience and within their budget. Why does having perfect vision need to be so hard? Our mission is to make it easy by pioneering new technology that evolves today's eye care experience to meet customer expectations in our fast-changing world. Our growing team of professionals thrive on generating innovative ideas that will make a difference in the lives of our customers, and passionately turning those ideas into reality. In this role, you are expected to adhere to, and exemplify, all company profiles including:

Vision: Modernizing the eye care experience for all people.

Mission: Making eye care easy.

Values: iCARE

Integrity: We see integrity as building a foundation of trust with our customers, employees and stakeholders by communicating honestly, ensuring consistency and delivering on our commitments.

Collaboration: We see collaboration as combining the talents of a diverse group, offering proactive communication and being open-minded to new ideas.

Accountability: We see accountability as taking initiative, delivering our best in all we do, accepting responsibility for our actions and taking ownership of results.

Respect: We see respect as prioritizing human relationships, being present, connecting with transparency and empathy.

Empowerment: We see empowerment as making purpose-driven decisions to support the company vision, showing appreciation for others, and taking care of the individuals we serve.

Job Description and Profile:

The Real Estate Director will be highly entrepreneurial with developed leadership skills and will have considerable experience with multi-state real estate knowledge, strong work ethic and excellent communication skills. This role will lead the execution of the company's development and growth strategy by heading new site selection and portfolio management of our future stores. This position will develop market planning, site analysis and evaluation, and the execution of real estate transactions to maximize the real estate portfolio.


Duties & Responsibilities

  • Develop market planning, site analysis and evaluation to support the company's growth strategy.
  • Identify viable areas for Stanton Optical / MyEyeLab continued growth.
  • Manage new site selection process for retail & franchise locations across the US.
  • Manage new site selection pipeline to ensure timelines are met as per company plan.
  • Analyze feasibility of potential sites through thorough financial and market and trade areas analysis.
  • Review the lease renewal process and maintain a proactive approach to renew existing leases when needed.
  • Develop and maintain relationships with landlords, real estate developers, and commercial retail brokers.
  • Establish and cultivate relationships with brokers in target markets.
  • Lead relationship with existing brokers. Establish action plans and follow up on commitments and progress.
  • In charge of real estate committee preparations and of presenting deals to the real estate committee for its approval.
  • Prepare site proposals and proforma documents.
  • Negotiate and execute real estate contracts/transactions for new retail spaces.
  • Negotiate Tenant Improvements as part of lease agreements.
  • Responsible for all Letter of Intent negotiations.
  • Partner with senior leadership to eliminate barriers, optimize process and maximize results.
  • Provide regular updates on sites and markets to leadership while collaborating with internal business partners.
  • Closely collaborate with Operations, Franchise and Marketing counterparts to ensure cross-functional alignment and anticipate any potential setbacks.
  • Monitor lease negotiations and work closely with Real Estate Attorneys as necessary.
  • Prepare financial statements, reports or other records as needed.
  • Attend industry networking, and industry conventions.
  • Other related duties as assigned.


Education & Experience

  • Bachelor's Degree required, preferably in Real Estate, Finance, or Business Administration.
  • 8+ years of experience in retail real estate industry.
  • Proven record and ability to identify potential store locations for a major retailer.
  • Solid market knowledge of multi state real estate.
  • ESRI working knowledge/experience required.
  • A retail enthusiast with a passion for our brand, product, and customers.

Skills & Requirements

  • Demonstrated leadership, project management and planning skills.
  • Excellent written and verbal communication skills.
  • Strong critical/strategic thinking capabilities, and strong negotiation skills.
  • Solid financial and business acumen in a retail environment.
  • Ability to collaborate on projects cross-functionally.
  • Self-sufficient, resourceful, and eager to learn.
  • Ability to travel to potential sites.

Keywords: Stanton Optical, Palm Beach , Director of Development and Real Estate, Other , Lake Worth, Florida

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