ABOUT CIM GROUP:
CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!
POSITION PURPOSE:
This role will be responsible for all day-to-day aspects of the leasing activities pertaining to the creation and execution of regional-specific leasing and marketing strategy. Oversees the entire leasing process (start to finish) from generating initial prospect interest through qualification, lease negotiation and document execution. Manages and supervises both junior leasing professionals as well as third-party brokers.
ESSENTIAL FUNCTIONS:
- Drive the leasing process toward timely execution, including but not limited to:
- Negotiates leases, renewals and expansions
- Works with legal counsel to prepare lease documents
- Coordinates weekly/biweekly leasing calls and with third-party brokers and Investment teams and the distribution of leasing reports
- Coordinates space planning with prospective tenants
- Stay informed of region-specific market trends within the retail industry and identify target tenants to prospect and secure new leases
- Execute the marketing and leasing strategy. Working with the Asset Manager and Investment Leads, makes recommendations and assists in the coordination of property improvements designed to supplement the leasing process
- Maintain property visibility with the local brokerage and prospect community to maximize property exposure in the market place
- Stay abreast of comparable properties, their pricing and competitive positions, to maximize occupancy and financial performance of company’s properties relative to the competition
- Working with Development/Construction and the Asset Manager, assists in and helps expedite the space planning process and tenant improvement process to maximize speed to lease
- Participates in the acquisition due diligence process including but not limited to; market data analysis, leasing rates, marketing strategy and leasing velocity
- Responsible for understanding and interpreting pro forma requirements and lender obligations
- Budgets expected property rental rates and leasing costs (tenant improvements, commissions and landlord costs)
- Maintains stacking plans
NON-ESSENTIAL FUNCTIONS:
- Joining and participating in local organizations
- Deliver monthly, quarterly and annual projections and status reports as requested
SUPERVISORY RESPONSIBILITIES:
- Oversees the work of Leasing staff including assignment of work, setting performance expectations and providing timely and accurate feedback
- Primary oversight of relationships with third-party brokers
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- BS/BA required
- 7+ years of experience in retail leasing, with a proven track record of successful lease negotiations and portfolio optimization
- Strong understanding of retail market dynamics, including tenant mix strategies, rental rates, and industry trends
- Excellent negotiation skills with the ability to build consensus and influence outcomes
- Exceptional interpersonal and communication skills, with the ability to cultivate and maintain relationships with tenants, brokers, and internal stakeholders
TECHNICAL SKILL REQUIREMENTS:
- Knowledge of MS Office software including but not limited to Outlook and Excel, including demonstrated computer literacy in using spreadsheets and word processing
- Knowledge of web-based marketing software and related tools
- Knowledge of document management software such as SharePoint
PERFORMANCE METRICS:
- Meets approved budgeted criteria, including leasing targets
WHAT CIM OFFERS:
At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:
• A variety of Medical, dental, and vision benefit plans
• Health Savings Account with a generous employer contribution
• Company paid life and disability insurance
• 401(k) savings plan, with company match
• Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave
• Up to 16 hours of volunteer time off
• Up to 16 weeks of Paid Parental Leave
• Ongoing professional development programs
• Wellness program, including monthly and quarterly prizes
• And more!
Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. For this role, bonus compensation may be a significant part of the total compensation. The anticipated base salary range for the position in Los Angeles, California is $180,000 – $250,000.
HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:
At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.
*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.
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