RaceTrac Company Overview

Job Description:

The Real Estate Representative is responsible for supporting the real estate operations by managing and maximizing the value of real estate assets and existing stores. This individual teams with a Real Estate Manager, Senior Manager, or Director as well as cross-functional business partners to manage the existing stores and vacant real estate for RaceTrac. Up to 25% travel required.

Responsibilities:

• Supports the regional real estate acquisitions and dispositions team in ongoing management of existing assets and store portfolio
• Facilitates lease management with Lease Administrator, including, but not limited to: managing landlord/3rd party requests, post lease obligations, renegotiation and lease amendments, and acquisitions of existing leases 
• Negotiates purchase and lease agreements for additional land relating to existing stores to support re-investment strategy, and negotiates leases for Regional Store Support and Distribution Centers
• Facilitates with Legal and Real Estate Director on the life-cycle management of assets, including, but not limited to: third party approvals, assisting in the coordination and management of condemnations, eminent domain proceedings, and government easements
• Facilitates with Legal and Real Estate team in managing escrow accounts of owned real estate
• Supports in the resolution of jurisdictional liens and violations resulting from existing assets
• Partner with internal stakeholders to execute the optimization strategy of existing stores; provides contractual rights and obligations relative to proposed reinvestment projects
• Negotiates and provides recommendations on third party agreements, easements, licenses, restrictions and other requests to support existing stores
• Executes on store action items in support of store operations needs as determined by internal stakeholders, including third party visibility, access and parking easements, or other store optimization items.
• Partners with Engineering, Construction and Environmental in optimizing development approvals for disposition portfolio
• Prepare and present recommendations to real estate and asset management committees, as necessary
• Maintains an overall knowledge of the processes, procedures, and legalities within the regions

Qualifications:

• Bachelor’s degree from an accredited college or university in Real Estate or related field preferred
• 3+ years of Real Estate or related experience; asset and portfolio management experience preferred
• Proficient with MS Office Suite preferred