lululemon Senior Real Estate Manager

Description & Requirements

who we are

lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we're in. As a company, we focus on creating positive change to build a healthier, thriving future. In particular, that includes creating an equitable, inclusive and growth-focused environment for our people.

core responsibilities

Senior Real Estate Manager, lululemon usa inc., Santa Monica, CA. Manage full spectrum of property assets related to leased space. Work directly with landlords and brokers to meet space needs/requirements. Negotiate terms and conditions of leases. Review offers to lease and lease agreements. Supports physical store growth and portfolio management through real estate & leasing actions. Develop the strategic market plan for the area. Responsible for sourcing sites, processing for approvals, negotiating leases and supporting the opening of major capital projects. Collaborate with lease management and portfolio team on new lease and amendment reviews, store openings and other real estate activity related to lease database management, key lease dates, communication of lease data, to Store Construction, Store Planning, Design, Financial Planning and other key departments. Collaborate with Store Design, Store Construction and program managers to ensure retail environments are opened on time, aligned with the store design vision. Interface with attorneys to review, negotiate and finalize lease documents.

Telecommuting permitted up to 50%. 40 hrs/week, Mon-Fri, 8:30 a.m. - 5:30 p.m.

May require domestic travel normal to the occupation up to 75% of the time, based on business needs.

qualifications

Must have Bachelor's degree in Marketing, Marketing Management, Business or a related field and at least 5 years of progressive, post-baccalaureate work experience in the Real Estate Leasing.

Of the required experience, must have 3 years of experience working as a leasing agent.

Of the required experience, must have 2 years of experience in each of the following:

• Commercial real estate language concepts, including permitted use, exclusives protections, co-tenancy requirements, abatement rights, and continuous operations standards;
• Development of strategic long term market growth plans;
• Representing a soft goods retail tenant;
• Financial analysis skills related to store P&L, occupancy costs, and financial lease obligations;
• Negotiations related to commercial real estate terms and financials;
• Experience with commercial real estate landscape in the market, including experience in enclosed malls;
• Experience with project data management; and
• Providing written and oral in-person presentations to both internal parties (including senior leadership and executive team members) and external parties (including brokers, landlords, and during market tours).

May require domestic travel normal to the occupation up to 75% of the time, based on business needs.

must haves

• Acknowledge the presence of choice in every moment and take personal responsibility for your life.
• Possess an entrepreneurial spirit and continuously innovate to achieve great results.
• Communicate with honesty and kindness and create the space for others to do the same.
• Lead with courage, knowing the possibility of greatness is bigger than the fear of failure.
• Foster connection by putting people first and building trusting relationships.
• Integrate fun and joy as a way of being and working, aka doesn't take yourself too seriously.

additional notes Authorisation to work in USA is required for this role.

compensation and benefits package

lululemon's compensation offerings are grounded in a pay-for-performance philosophy that recognizes exceptional individual and team performance. The typical hiring range for this position is from  $160,818.00 - $180,818.00 annually ; the base pay offered is based on market location and may vary depending on job-related knowledge, skills, experience, and internal equity. As part of our total rewards offering, permanent employees in this position may be eligible for our competitive annual bonus program, subject to program eligibility requirements.  

At lululemon, investing in our people is a top priority. We believe that when life works, work works. We strive to be the place where inclusive leaders come to develop and enable all to be well. Recognizing our teams for their performance and dedication, other components of our total rewards offerings include support of career development, wellbeing, and personal growth:

• Extended health and dental benefits, and mental health plans
• Paid time off
• Savings and retirement plan matching
• Generous employee discount
• Fitness & yoga classes
• Parenthood top-up
• Extensive catalog of development course offerings
• People networks, mentorship programs, and leadership series (to name a few)

#DNI #LI-DNI

Note: The incentive programs, benefits, and perks have certain eligibility requirements. The Company reserves the right to alter these incentive programs, benefits, and perks in whole or in part at any time without advance notice.

workplace arrangement

In-person collaboration and connection are important to our culture. Work is performed onsite, minimum 3 days per week.