What are the responsibilities and job description for the Lease Negotiator position at Trader Joe's?
Who are we?
Trader Joe's is your favorite neighborhood grocery store! With 570 stores nationwide (and growing), we are the place to be. Looking for something delicious and a friendly conversation? At Trader Joe's, you can find both. We love being your first and favorite place to shop.
What do we do?
Like shopping at Trader Joe's? Then, maybe you'll love working with us. We are looking for an experienced Lease Negotiator who is searching to do what they'll love - retail lease negotiations! Do you have experience in retail lease administration? Do you love food? If so, read on! We may have the role of a lifetime for you!
Trader Joe's is unlike any place you've ever worked. Trust us on that. The qualified Lease Negotiator has at least 7 years of retail lease negotiations experience and is a raving fan of the Trader Joe's concept. A Bachelor's Degree in Business or Paralegal is strongly preferred. This role could be based in our office in Monrovia, CA or Boston, MA.
The Lease Negotiator is responsible for providing contract support for Trader Joe's real estate portfolio from letters of intent, lease negotiations throughout lease administration. The areas of responsibility include managing outside counsel on lease negotiations and other legal efforts, representing Trader Joe's business interests in lease negotiations and existing lease-related matters, serving as an in-house resource to interpret existing leases and handling major store related issues. The position engages with a variety of crew members and external partners, and as such, successful candidates easily build rapport and sustain effective relationships.
The Lease Negotiator is responsible for:
- Driving effective and efficient lease negotiation processes for new stores, relocations, and expansions with outside counsel and represent Trader Joe's business perspective during negotiations.
- Communicating status of legal documents and negotiating with all relevant parties and coordinate with Vice President of Real Estate and other respective team members on business issues that arise.
- Supporting the lease administration team in review/interpretation of leases, waivers, SNDAs, estoppels, REAs, CC&Rs, and other legal documents.
- Reviewing executed agreements to identify applicable terms in response to inquiries about contract content, including contractual obligations, term, termination rights and disputes.
- Responsible for internal management of tracking real estate contracts, including lease contingencies.
- Managing and supporting the Real Estate and Construction team in handling major store issues in a timely manner.
The Lease Negotiator has the following qualifications:
- Experienced real estate professional with a demonstrated work history in the retail sector (minimum 7 years). Experience or degree in Real Estate Law a plus.
- Ability to read, draft, and easily communicate legal information from leases and related documents.
- Strong communication skills, specifically articulating Trader Joe's position during negotiations and conversations with outside parties.
- Self-starter with a proactive approach and sense of urgency.
- Excellent time management skills and the ability to prioritize.
- Strong analytical skills with sound business and legal acumen.
- High degree of integrity, especially when dealing with confidential and sensitive information.
We want to hear from you!
We get a lot of resumes; so to help us get to know you better, please submit your resume and cover letter. When creating your cover letter, please answer these questions:
- How many years of work experience do you have working in the retail sector of real estate?
- What makes you uniquely qualified for this position?
Trader Joe's is an equal opportunity employer and is committed to hiring a diverse Crew.
Salary : $125,000 - $175,000