What are the responsibilities and job description for the Senior Lease Negotiator position at Federal Realty Investment Trust?
Overview
Federal Realty Investment Trust is a proven leader in the ownership, operation, development and redevelopment of premium retail real estate in the country's best markets. We consider ourselves one of the most innovative and dynamic real estate companies with which one can work. Interested candidates who research Federal Realty will learn about our high quality community shopping center and mixed use property portfolio. Federal Realty’s well-respected real estate investment and management team delivers a significant combination of both modest and large, value-add investments; being part of the team that conceives of and delivers these investments is very rewarding. While Federal Realty is one of the largest publicly traded real estate investment trusts in the country, as measured by the value of our assets, we function and operate more like a small company. Team members with initiative and proven ability get involved in many facets of executing Federal’s business plan. We encourage you to follow Federal Realty Investment Trust on LinkedIn.
We are seeking an individual with extensive experience in drafting and negotiating retail lease agreements to join our team as a Senior Lease Negotiator. This role requires a strong background in preparing retail lease documents and related correspondence, working collaboratively with a team of Lease Negotiators, Attorneys, and Legal Leasing Assistants to support the drafting of lease agreements for Federal Realty’s existing and prospective tenants. An emphasis may be placed on secondary documents, including renewals, expansions, relocations, assignments, rent deferrals, lien waivers, and estoppels. This position will also involve legal leasing research on assigned properties.
The position will be based in either our North Bethesda, MD or El Segundo, CA office. The ideal candidate will be able to work effectively in time-sensitive situations, meet deadlines, collaborate in a team environment, and prioritize assigned work. This individual must thrive in a fast-paced environment while maintaining strong attention to detail.
Responsibilities
- Draft lease documents, including secondary documents from letter of intent and/or lease brief using internal document production software
- Prepare redlines and revisions of subsequent drafts of lease documents
- Adapt existing forms to specific deals, revising existing language based upon comments from tenant and/or attorney, utilizing the Lease Language Book appropriately
- Collaborate with attorneys, other Federal Realty departments, and current/potential tenants to keep deals moving efficiently and smoothly to include the timely processing of Tenant-executed documents and completion of legal abstracts
- Draft and negotiate vendor and broker agreements according to departmental guidelines
- Investigate and gather information from internal and external sources
- Maintain lease production and weekly status reports of pending documents using internal reporting software
- Collaborate with outside counsel, and when requested, track the status of lease documentation being prepared by outside counsel
- Create and maintain files including working, chronological, and litigation files
- Draft internal and external correspondence
- Coordinate with internal departments responsible for lease administration and collections to check tenant account for defaults and arrearages
- Provide occasional administrative support to the legal department
- Complete other various projects and duties as assigned
Qualifications
- 8 years previous paralegal/lease negotiator experience, previous experience in a legal department of a real estate company a strong plus
- College degree or paralegal certificate
- Highly proficient using MSOffice (Outlook, Word, Excel) with the ability to learn and use new software and systems
- Knowledge of legal terminology and experience with generation of lease briefs and retail leases
- Excellent written and verbal communication skills
- Strong time management skills and attention to detail, with a high degree of accuracy and success in delivering to key deadlines
- Previous experience with Salesforce a plus
- Demonstrated success working collaboratively and in a team environment
- Flexibility to occasionally adjust working hours to meet deadlines and collaborate with team members on the East and West Coasts
- Minimal travel required
Salary Range: The typical base pay range is $120,000-$150,000 per year plus bonus. To ensure a fair and competitive offer, we take into account your job-related skills, experience, relevant education, certifications, and/or training.
Federal Realty Investment Trust is an Equal Opportunity / Affirmative Action employer. Federal values a diverse workforce and is committed to providing equal employment and advancement opportunities to all employees and applicants. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, gender identity or expression, genetics, or protected Veteran status.
Federal Realty Investment Trust does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Federal Realty Investment Trust and Federal Realty Investment Trust will not be obligated to pay a placement fee.
If you are unable to submit your application online, please call 301-998-8100.
Salary : $120,000 - $150,000