Vice President, Real Estate

Company: Nouria Energy Corporation
Location: Worcester
Posted on: May 28, 2023

Job Description:

Vice President, Real Estate page is loaded Vice President, Real Estate Apply locations Worcester, MA time type Full time posted on Posted 2 Days Ago job requisition id R2407 Nouria Energy Corporation is a multi-generational family-owned wholesale fuel distributor, convenience store operator and car wash operator in New England. Our wholesale and retail fuel businesses are multi-branded, which includes Shell, Mobil, Irving, Sunoco, Gulf, Valero, Citgo, Phillips 66, Exxon, and multiple unbranded brands. Our wholesale operations supply branded and unbranded fuel to 300+ locations across New England and New York. We are ranked within the top 50 largest convenience store chains in the country, operating 150+ company-operated locations throughout New England and ranked within the top 10 largest car wash chains in the countryGENERAL SUMMARYVice President, Real Estate Portfolio & Property Management is a senior, experienced, and innovative executive in charge of driving Nouria to grow its market position, managing the organization's real estate portfolio and property management and for identifying, evaluating and recommending new best-in-class convenience store, car wash and/or retail gas sites. This role leads the real estate development strategy, manages existing development pipeline, and builds the future pipeline in a systematic way. Vice President, Real Estate manages and advises on all aspects of real estate, including related contracts, permitting and zoning, and single and multi-site acquisitions. This critical role leads and directs the site selection team to analyze the existing portfolio of stores/shopping centers, develop analytical tools for new markets/sites, source new store locations, oversee real estate purchase and lease contracts, and transition projects to Property Development and Operations. manages all company owned/controlled real estate assets including third party tenant leasing. The Vice President, Real Estate w orks closely with other members of the executive leadership team to develop the company's vision, goals and growth strategies. The incumbent assesses the corporate real estate metrics and presents relevant data to the company owner and other executives. As a member of the executive team, the Vice President, Real Estate, will collaborate with the CEO, the executive leadership team, and operating leaders in managing the company's ongoing evolution and growth. The VP must have strong relationships across multiple states within the retail commercial real estate community including brokers, tenants, government officials, and legal counsel, architectural and engineering and other consultants.RESPONSBILITIES

• Serves as the real estate strategist and advisor to CEO and senior leadership team.
• Sets overall real estate development direction and strategy based on business objectives.
• Provides strategic vision and focused, business-minded leadership in all areas, and identifies opportunities to enhance revenue and/or reduce costs.
• Builds the future development pipeline and oversees the site selection through acquisition. Ensures that investment analysis, due diligence, and legal & regulatory analysis meet corporate expectations.
• Leads the structuring of all real estate deals including negotiating, reviewing, and advising on commercial leases and related documents. -
• Oversees and cultivates relationships with tenants, property owners, brokers and other related service providers.
• Manages existing lease and co-brand sublease tenant & landlord relationships including related real estate communication.
• Manages sublease administration processes, providing direction and planning related to all subleased properties.
• Ensures that divisional infrastructure supports the achievement of the company's strategic goals while emphasizing divisional measurable contribution to business success and business metrics such as revenue growth, profitability, market share, customer service, expense, etc.
• Participates in the M&A process from due diligence to post-closure along with other divisional stakeholders.
• Mentors staff to optimize their talents and provides leadership and guidance to the Real Estate team to ensure a high quality of service to customers and seamless collaboration with external partners, vendors and suppliers.
• Establishes credibility throughout the organization and sets an example as a proactive senior leader and change agent who earns respect by demonstrating a sound understanding of business objectives and goals.
• Engages the business and process owners and leads the collaborative planning effort to leverage emerging technologies for addressing strategic enterprise goals.
• Exhibits sound judgement and makes informed decisions based on accurate and timely analysis.
• Develops work scope, budget and schedule throughout the duration of various projects. -
• Oversees the preparation of the site approval packages for submission, review and approval.
• Manages divestment of vacant or non-producing properties.
• Manages additional projects and provides analysis as needed.QUALIFICATIONS
  • Experience as a proven senior executive in the retail industry and/or business organization of relevant size and complexity; evidence of developing progressive business policies and practices that advance the strategic goals of the organization
  • +10 years of progressive commercial real estate experience in acquisitions, asset management and construction, with a primary focus on retail. Shopping center development and/or national discount retail store experience preferred
  • +10 years of direct experience with commercial real estate transactions including site identification, evaluation, sale, leasing and management of owned and leased properties
  • +10 years of direct experience negotiating lease terms, working with brokers and legal counsel and reviewing legal documents required. Proficient in financial, legal and lease language and terms
  • Comprehensive professional real estate expertise with in-depth experience in multiple fields of corporate real estate such as portfolio management, asset management, property management, facility, and service managements related to Convenience Stores and Petroleum Industries
  • Excellent understanding of the internal stakeholder perspectives regarding corporate real estate a
  • Demonstrated leadership skills including coaching and developing others, delegating and managing mutual expectations and building organizational talent.
  • Evaluate the performance of the existing portfolio of stores and recommend renovate /relocate/close decisions
  • Excellent problem solving and decision-making skills
  • Excellent capability of driving for results
  • Ability to travel regionally
  • BS/BA in engineering, business or law, MBA or advanced real estate degree
  • 15+ years of professional experience
  • Retail estate management experience preferred
  • Independent and creative thinker
  • Inclusive Leadership style; ability to lead with a high degree of emotional intelligence and ethics in dynamic environment
  • Proficient in MS Office, Scheduling, and Google platform (i.e. sites, slides, drive, docs, sheets)ATTRIBUTES:
    • Leadership: You are a strategic thinker and leader in your everyday work. You pride yourself on developing future leaders; you have direct experience managing, training and elevating team members to greater responsibilities
    • Passionate: You demonstrate hunger and ambition in the work that you take on, always striving for extraordinary results
    • Risk / Reward: You understand the value of taking calculated risks in pursuit of your goals; you act swiftly and decisively when you see a great opportunity and you aren't afraid to take responsibility for your actions.
    • Team Oriented: You understand that strong teams outperform strong individuals and promote the success of your team above personal gain or recognition.
    • Effective Communicator: You communicate professionally and candidly; you understand the importance of communication in building a culture of trust and respect.
    • Analytical: You use logical reasoning and data to measure, analyze, adjust and continuously improve your operations. You have strong problem-solving skills.
    • Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Nouria Energy is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. About Nouria Energy If you are looking to start a career or grow and develop your skills, Nouria is the perfect place to work! We want you to achieve your goals, have a defined career pather and a rewarding work environment. Whether you're looking for a part time, store management or a corporate role, we are excited that you are looking to join our team!

Keywords: Nouria Energy Corporation, Worcester , Vice President, Real Estate, Executive , Worcester, Massachusetts