Svp - Acquisitions & Development

Position SummaryOutstanding opportunity to join a well-established and respected New England based, industrial real estate owner, investor, developer known for maximizing investments and focused on acquiring and developing industrial properties in Massachusetts, New Hampshire, and Maine.The SVP of A...

 

 

Position SummaryOutstanding opportunity to join a well-established and respected New England based, industrial real estate owner, investor, developer known for maximizing investments and focused on acquiring and developing industrial properties in Massachusetts, New Hampshire, and Maine.The SVP of Acquisitions & Development will be responsible for managing all aspects of the acquisitions and development for a growing portfolio. Acquisition responsibilities will include sourcing, evaluating, analyzing new properties and development opportunities, structuring transactions, managing due diligence and bringing transactions to completion. Financing responsibilities will include sourcing, evaluating and closing financing for new acquisitions. Asset management and Development responsibilities include transitioning new properties into the portfolio for in-house property management, in addition to overseeing leasing and coordinating construction projects, permitting, contractor selection, negotiation and oversight. Essential FunctionsFeasibility Analysis and Site AcquisitionEstablish and maintain cooperative working relationship with brokers and landlords to identify potential sites. Source, evaluate and analyze new property acquisitions and development opportunities, both on-market and off-market, utilizing various methods.Perform site visits and inspections, analyze target trade and market areas, competition, zoning ordinances, population demographics and other factorsMeet city/town officials regarding zoning, permitting, site development and entitlementsUnderstand the patterns and changes affecting potential new acquisitionsPresent potential new properties for acquisition company president for review and approvalNegotiate with the sellers on sale price and termsFinancial Responsibilities and ManagementDevelop and update financial models and pro-formas for potential acquisitions and development projectsEstablish and maintain development budgets and manage projects in accordance with approved budgetsCollaborate with CFO on tracking project expenditures and forecasting budget and pro forma outcomesManage relationships with financing sources including banks, mortgage brokers and other investorsSource, evaluate and close financing for new acquisitions and developmentsPermittingCoordinate permitting process for new development projectsCoordinate with local, state and federal agencies to obtain all zoning and regulatory approvalsInterface with permitting attorneys and coordinate the production of presentations and marketing materialsDevelop permitting strategiesRepresent development projects and the company publicly; this includes attending and participating in public and private hearing and meetings with permitting boards, community members and stakeholdersManage Third Party ConsultantsManage various consultants, including but not limited to design, engineers and outside permitting consultants, real estate brokers and attorneysReview consultants work for details and accuracyDesign and Coordination of Design during ConstructionSpecific Job Knowledge, Skill and AbilityThe SVP of Acquisitions and Development must possess the following knowledge, skills and abilities and be able to explain and demonstrate that they can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.Existing industrial real estate contacts in New England and the ability to effectively network and generate property leads and to put deals togetherEnergetic self-starter, with strong organizational, management and leadership skillsMaintain familiarity with New England real estate markets - especially industrial real estateMust be highly resourceful and possess the ability to research and identify new potential growth markets and submarketsExcellent communication skills; must be articulate and possess the ability to communicate clearly and concisely with demonstrated public presentation capabilityStrong analytical skills demonstrating thorough investigation and understanding, attention to detail, practical assessment and intuitive capability Strong financial and mathematical skills with demonstrated ability to perform financial modeling and pro forma analysis including ARGUS and ExcellMust have the ability to manage and supervise internal and external consulting teams, which includes development teams, design, engineering and outside consulting teams, which includes development teams, design, engineering and outside permitting consultants; outside legal team; real estate and mortgage brokers; and internal support teamAbility to adhere to a budget and manage costAbility to meet established deadlines in a timely mannerAbility to project a positive professional image on behalf of the company Must possess excellent writing skills with the ability to formula reports, proposals, business plans, budgets and other types of documentsMust be flexible and adaptable and have the ability to manage more than one project simultaneously in various stages of the acquisition processStrong computer skills, including Microsoft Word, Excell, and PowerPointAbility to handle pressure, meet deadlines, set priorities for workload and work independentlyAbility to evaluate and manage a number of projects and transactions simultaneouslyAbility to work collaboratively with co-workers and maintain a cooperative, productive atmosphere Ability to travel and attend meetings on short noticeWillingness to attend industry events to represent the company and grow business network for the companyExperienceAt least fifteen years plus of experience in real estate acquisitions and development is required and must include experience with industrial properties. Direct sourcing, analyzing, acquiring, financing and developing industrial, commercial and/or retail propertiesEducationA bachelor's degree in a related field is requiredA graduate degree in Real Estate or MBA is preferredThis is an excellent senior level opportunity with a respected company, known for employee retention and a collaborative culture. This position will provide attractive compensation including base salary, bonus and other incentives.Interested candidates are asked to provide a confidential resume and deal sheet.All inquiries will be kept strictly confidential. For more information please contact:Butterworth & CompanySusan H. Butterworth, CPCsbutterworth@butterworthandcompany.com(617)257-6543