TJX Companies
At TJX Companies, every day brings new opportunities for growth, exploration, and achievement. You'll be part of our vibrant team that embraces diversity, fosters collaboration, and prioritizes your development. Whether you're working in our four global Home Offices, Distribution Centers or Retail Stores-TJ Maxx, Marshalls, Homegoods, Homesense, Sierra, Winners, and TK Maxx, you'll find abundant opportunities to learn, thrive, and make an impact. Come join our TJX family-a Fortune 100 company and the world's leading off-price retailer.
Job Description:
The Opportunity: Contribute To The Growth Of Your Career.
The Real Estate Portfolio team analyzes and compiles data for all Quarterly Lease Action documents (approximately 450/year) for Senior Management's review and approval. The Real Estate Portfolio Analyst audits leases and prepares data, including current lease expiration, action date and option terms, Store Operations and Real Estate comments, and sales and income history. Monitors all poor performing and short-term lease locations for closing potential and updates store closing list with updated financial data and lease expiration dates. Prepares Landlord Portfolio meeting documents for critical Landlord Portfolio meetings. Creates quarterly summary reports of savings and lease actions achieved for reporting to Corporate Finance and Real Estate.
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Major Areas of Responsibility:
- Audits leases relative to quarterly lease action process.
- Review leases to verify and confirm lease action dates and critical lease information.
- Compiles data relative to the preparation of the lease action documents.
- Builds lease action data sheets for locations requiring lease action for Senior Management's review and approval.
- Facilitates acquiring comments on locations requiring lease action from both Operations and Real Estate.
- Maintains a master lease action tracking status report to ensure the appropriate action for each location has been taken by the deadline date, or if necessary, ensures that an extension of that date has been secured.
- Provides Management with a quarterly summary of actions taken and results achieved.
- Collaborates with Portfolio Manager to determine course of action on critical lease action negotiations and early renewals of leases.
- Negotiates rent reductions on existing store locations, resulting in significant increases to the bottom-line.
- Negotiates split of options to provide flexibility to pursue alternate locations.
- Negotiates additional term to secure real estate for the long term.
- Drafts renewal letters and ensures that all legal notices to renew leases are sent according to lease terms.
- Tracks and verifies landlord's receipt of legal notices thereby ensuring accurate renewal of leases.
- Reviews legal documents prepared by Legal for accuracy to ensure deal terms conform with the real estate approval and assesses need for change memos if additional approvals are needed.
- Creates data vital for lease action negotiations which can result in significant rent savings annually.
- Participates in process strategy
- Other projects as assigned.
Who We Are Looking For: You.
- Bachelor's degree, paralegal certification or equivalent experience.
- 3-5 years Commercial Real Estate experience in a leasing environment.
- Knowledge of commercial retail lease documents and other legal documents relative to commercial property.
- Strong analytical skills and attention to detail.
- Excellent communication skills, both written and verbal.
Benefits include Associate discount; 401(k) match; medical/dental/vision; HSA; health care FSA; life insurance; short/long-term disability; paid holidays/vacation /sick/bereavement/parental leave; EAP; incentive programs for management; auto/home insurance discounts; tuition reimbursement; scholarship program; adoption/surrogacy assistance; smoking cessation; child care/cell phone discounts; pet/legal insurance; credit union; referral bonuses. All benefits are subject to applicable plan or program terms (including eligibility terms) and may change from time to time. Contact your TJX representative for more information.
In addition to our open door policy and supportive work environment, we also strive to provide a competitive salary and benefits package. TJX considers all applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, marital or military status, or based on any individual's status in any group or class protected by applicable federal, state, or local law. TJX also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.
Address:
300 Value Way
Location:
USA Home Office Marlborough MA 300 Value Way
This position has a starting salary range of $74,500.00 to $95,000.00 per year. Actual starting pay is determined by a number of factors, including relevant skills, qualifications, and experience.