Senior Manager of Real Estate
Rosemont, IL - USA
Job Summary
Position Overview
The Senior Manager Corporate Real Estate is a key strategic leader
responsible for managing and optimizing Regal Rexnords global real estate portfolio of 200 owned and leased properties. This role partners closely with senior leadership to develop and execute short and longterm real estate strategies that support business growth and operational needs. Responsibilities include site selection relocations lease renewals closures and disposition of surplus assets as well as market research and financial analysis. The role also oversees broker relationships landlord negotiations and the legal and construction processes required for real estate transactions.
Key Responsibilities:
Support:
Communicate effectively with internal stakeholders including members of the executive and senior leadership teams.
Build and maintain strong collaborative relationships with external partners including real estate brokers developers property owners landlords attorneys architects and local government officials.
Partner with Project Managers and the SCOFR team to ensure timely and accurate datasuch as market comparables broker opinions of value (BOVs) and appraisalsis provided to support informed business decisions.
Support local operations by addressing sitespecific issues and serving as the primary liaison with landlords to identify and implement effective solutions.
Prepare and present comprehensive business cases that support Regal Rexnords short and longterm real estate strategies.
Proactively identify potential risks within the corporate real estate portfolio and develop mitigation strategies presenting clear options and recommendations to internal stakeholders.
Lead project initiation and scope definition ensuring appropriate prioritization adherence to established protocols and alignment with timelines milestones and commitments.
Collaborate across internal teams and external partners to manage multimarket commercial real estate services including transaction management portfolio strategy project management and lease administration.
Negotiation:
Negotiate all provisions of the lease including insurance LL/Tenant default provisions CAM and additional provisions.
Negotiate Regal Rexnords Letter of Intent and work with segment and legal team members to finalize lease documents.
Negotiate the sale of industrial properties.
Manage negotiations for multiple transactions including relocations expansions renewals dispositions and renegotiations in multiple markets throughout North America and Internationally
Coordinate market tours and present recommended deals to the Project and SCOFR Teams
Reports:
Prepares trip notes from market visits and follow-up notes on tours with senior management
Real Estate Reports by Segment to Senior Leadership Team
Pro forma modeling
Ad Hoc Analysis and reporting
Required Skills and Qualifications
Bachelors Degree Required preferably in Finance Business Real Estate or Construction
7 years of experience in Corporate Real Estate and general knowledge of corporate real estate best practices and internal & external service models is needed
Information Systems: Microsoft Office Suite Visual Lease or similar Leasing Software experience
Advanced negotiation skills
Financial analysis skills
Excellent written and verbal communication and problem-solving abilities
Flexibility to adapt to change and multi-tasking
Experience establishing disciplined processes and driving continuous improvement and performance
Results and detail-oriented
Ability to meet many simultaneous demands for important decisions/actions and face confrontations or other difficult situations and demands for results
Preferred Skills and Qualifications
Exposure to manufacturing and global industrial businesses
Business training or exposure to working with financial statements
Understanding of 80/20 and Continuous Improvement methodologies
International experience
Travel: Likely to Travel 10-15%
Language: English
Expected Base Salary Range: $100000 - $150000
The salary range provided is intended to display the value of the companys base pay
compensation for this position. Salary is dependent on a multitude of factors including
but not limited to the physical worksite location the geographic market of that location
candidates skill set level of experience education and internal peer compensation
comparisons among other potential factors.
#LI-CB5
Benefits
- Medical Dental Vision and Prescription Drug Coverage
- Spending accounts (HSA Health Care FSA and Dependent Care FSA)
- Paid Time Off and Holidays
- 401k Retirement Plan with Matching Employer Contributions
- Life and Accidental Death & Dismemberment (AD&D) Insurance
- Paid Leaves
- Tuition Assistance
About Regal Rexnord
Regal Rexnord is a publicly held global industrial manufacturer with 30000 associates around the world who help create a better tomorrow by providing sustainable solutions that power transmit and control motion. The Companys electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Companys automation offering comprised of controls actuators drives and precision motors controls motion in applications ranging from factory automation to precision control in surgical tools.
The Companys end markets benefit from meaningful secular demand tailwinds and include factory automation food & beverage aerospace medical data center warehouse alternative energy residential and commercial buildings general industrial construction metals and mining and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions Power Efficiency Solutions and Automation & Motion Control. Regal Rexnord has offices and manufacturing sales and service facilities worldwide. For more information including a copy of our Sustainability Report visit .
Equal Employment Opportunity Statement
Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex/gender sexual orientation gender identity pregnancy age ancestry national origin genetic information marital status citizenship status (unless required by the applicable law or government contract) disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds perspectives and skills. If youd like to view a copy of the companys affirmative action plan for protected veterans/individuals with disabilities or policy statement please email you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application please e-mail
Required Experience:
Senior Manager
About Company
Regal Beloit and Rexnord Corporation merged in 2001 to create Regal Rexnord. Find out more about the brands that make up our power transmission portfolio.