Senior Real Estate Development Manager
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Job Description
Senior real estate manager expanding Advance Auto Parts’ automotive retail footprint across U.S. markets. Evaluating sites, negotiating LOIs, and coordinating development with brokers and internal teams.
Responsibilities:
- Accountable for physical growth, portfolio optimization, and real estate cost management in the assigned geographic territory
- Identify, evaluate, and advance new real estate opportunities across multiple markets
- Serve as liaison between the Real Estate team and field operations
- Work with property owners, developers, brokers, municipalities, and internal teams to implement market strategies
- Travel extensively to target markets to evaluate potential sites and meet with brokers
- Collaborate with the Real Estate Analytics team to review market roadmaps and provide field-based insights
- Build and maintain relationships with real estate brokers and preferred developers
- Coordinate property tours, review listings, and assess ground-up development opportunities
- Partner with Operations, Construction, and Legal teams on site selection, development feasibility, and project execution
- Source properties and lead negotiation of Letters of Intent with property owners
- Maintain records in Lucernex and manage development lifecycle documentation
- Oversee site plans, architectural drawings, and visual documentation
- Prepare site packages for Real Estate Committee review
- Transition approved sites to Construction while maintaining stakeholder relationships through lease negotiation and build-out
Requirements:
- Prior experience in market development and real estate negotiations
- Strong negotiation, communication, and relationship-building skills
- Proficiency in real estate systems (e.g., Lucernex) and Microsoft Office Suite
- Ability to travel frequently and work independently in a fast-paced environment
- Consistent attention to detail with high accuracy
- Strong real estate financial background
- Ability to understand a P&L
- Ability to calculate square footage, interest, commissions, development cap rates, and percentages
- Demonstrated success in cross-functional collaboration, internally and externally
- CCIM designation and/or Real Estate Agent or Broker License preferred, not required
- 5–7 years of experience in market or real estate development for a retail organization
- Bachelor’s degree in real estate, business, finance, or similar field, or equivalent combination of education and/or experience
- Position requires 75% travel
- Position will be located within or in close proximity to the assigned market
Benefits:
- Comprehensive health and wellness benefits
- Health and wellness benefits for Team Members and their families
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