Real Estate Director -NYC and Surrounding Markets

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Shape the future of retail real estate with a company that's redefining community health and convenience.We are currently seeking a dynamic Real Estate professional with a strong record of accomplishment in the capacity of Director of Real Estate. This position will require extensive retail real estate experience in NYC and the surrounding markets.In this role, you will report to the Vice President - Real Estate and will be responsible for the overall management and execution of the Real Estate development process, including strategic planning and site selection, deal negotiation, executive/corporate presentation, project budgeting, entitlement and permitting for potential CVS Health locations and formats.

You will also be responsible for the Asset Management of existing CVS stores throughout their assigned territories, working closely with the Store Operations, Legal, Lease Administration, Facilities/Maintenance and Surplus Property departments within the organization. Duties inclusive of, but not limited to, negotiating lease restructures and extensions, cross-access and parking agreements with landlords/property owners, alleviating restrictions with competing retailers, eminent domain/condemnation matters and negotiating Landlord consent for existing store projects. You will be responsible for surplus property disposition as assigned.Additional Responsibilities will include:

Develop a Real Estate Strategy for assigned territory that aligns with the overall Enterprise strategies and initiatives. Essential to building a sound strategy will be to develop a strong working relationship with the Business Leaders, brokers, landlords and developers within assigned territory. Key components of this strategy include:

• Growing and protecting Market Share
• Evaluating existing fleet to determine if they should be relocated, repositioned or closed.
• Evaluating potential acquisition opportunities.
• Master the utilization of our analytics tools in order to efficiently determine the key markets to target.

Manage the existing store and related assets in assigned territory.

• Manage the lease renewal process for each store to ensure that we are maximizing opportunities to reduce rent expense for each location.
• Work with Landlords to reduce rent expense by renewing early where our strategy dictates.
• Must be able to have tough negotiations for underperforming stores in order to significantly reduce rent expenses prior to next option period.
• Rework leases to remove percentage rent and reduce NNN's as option periods approach.
• Obtain Landlord consent for existing store projects such as format changes, remodels, etc.

Develop and deliver impactful presentations to convey facts, articulate strategies and build alignment.

Market Reviews, New and Relocation store presentations will be given to the Real Estate Committee (REC), which includes the Presidents of Retail and Pharmacy Operations, and several Sr Vice Presidents, once a month.

Work with our Legal and Lease Administration Teams on all Real Estate related activities in assigned territory. Examples include:

• Condemnations - Will interact with Inside and Outside Counsel, Expert and Landlords during the process and will participate in mediations and court proceedings as necessary.
• Third Party Requests - Will work with requestor to determine if it is beneficial to CVS and negotiate appropriate compensation to do so.
• Landlord amendment request - Determine if the request is beneficial to CVS and negotiate appropriate compensation from Landlord.

You will also participate as a key advisor on all important Real Estate decisions in assigned territory by developing a strong working relationship with the Store Operations Team to include the Divisional ViceRequired Qualifications:

• 5+ years of retail real estate experience in complex urban markets
• Proven lease negotiation and strategic planning skills
• Demonstrated experience developing and delivering impactful presentations to Senior and Executive Leadership
• Demonstrated experience with Financial analysis and budget management
• Experience in Microsoft Office and GIS tools
• Ability to travel as needed

Education:Bachelor's DegreePay Range

The typical pay range for this role is:$100,000.00 - $231,540.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefitsWe anticipate the application window for this opening will close on: 10/17/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

Client-provided location(s): Albany, NY

Job ID: CVS-R0736514

Employment Type: FULL_TIME

Posted: 2025-10-15T20:07:40