Job Description
At Wawa, we are proud to be part of a beloved brand committed to putting people first, doing the right thing, and making every day a little brighter. We know that it is our Associates who truly put the “wow” in the Wawa experience. When you join the Wawa team, you join a tradition of success that spans decades, over a thousand stores, multiple states, and counting.
As Associate owners, our team members have a shared stake in our success. As we grow, our Associates will continue taking the lead in bringing joy to even more friends and neighbors: one hoagie, smile, or experience at a time.
As the Regional Real Estate Manager, you will play a crucial role in overseeing site reviews, securing new locations for store development, and managing the process of bringing these locations to life. Your focus will be on identifying opportunities to improve and elevate our current properties, ensuring that they meet the highest standards and contribute to our overall success.
Principal Duties:
- Develop and maintain a market optimization plan for assigned geographical territory.
- Identify optimum potential new locations, quantify cost structure, and return on investment including acquisition cost for land or lease versus buy analysis. Prepare detailed site analysis of all proposed new site locations including alternative properties in the area.
- Negotiate acquisition of new site locations and define strategies for acquisition and development. Manage the contract process including “critical dates” in conjunction with legal staff. Partner with the engineering staff and external resources regarding planning and entitlement process. Represent and testify for Wawa at planning and zoning board meetings.
- Maintain network of contacts required including brokers, developers, landlords and outside resources such as legal counsel, engineering, and traffic consultants.
- Effectively manage cost, expenses, financial projections and minimize potential write-offs.
- Participate in internal monthly land development meeting for existing sites and communicate the status of projects in the pipeline. Communicate on a regular basis with legal staff on issues such as REA and access agreements, covenants and other documentation required. Participate in post-opening reviews of stores within assigned territory.
- Maintain active involvement in local political processes that impact store development within their territory.
- Identify, by participating in the portfolio process, stores that have the opportunity to improve sales with the acquisition of additional property for more retail space and/or parking.
- Participate in the disposal of surplus properties as assigned.
- Negotiate the terms of additions/acquisitions relative to these site improvement projects with landlords and owners. Conduct the approval process in conjunction with engineering staff and outside resources for the site expansions.
Attributes:
- Communicate effectively both orally and in writing.
- Analyze information and effectively propose solutions.
- Advanced consultative, facilitation, project management and presentation skills.
- High degree of professionalism and confidentiality.
- Ability to effectively negotiate.
- Manage multiple priorities simultaneously.
- Work independently.
- Work collaboratively with cross-functional teams.
- Excellent negotiating skill.
- Extensive travel; requires working outside of normal business hours including evenings and weekends.
- Exceptional understanding of real estate finance.
Qualifications:
- Bachelor’s Degree in a related field preferred.
- Real Estate License preferred.
- Minimum of five years of experience in retail and/or commercial real estate. Understanding of retail operations and business model.
- Must possess knowledge of local zoning law applications and local site development real estate trends.
- Ideal candidate will be located in VA between Fredericksburg and Richmond.
Wawa will provide reasonable accommodation to complete an application upon request, consistent with applicable law. If you require an accommodation, please contact our Associate Service Center at [email protected] or 1-800-444-9292.
Wawa, Inc. is an equal opportunity employer. Wawa maintains a work environment in which Associates are treated fairly and with respect and in which discrimination of any kind will not be tolerated. In accordance with federal, state and local laws, we recruit, hire, promote and evaluate all applicants and Associates without regard to race, color, religion, sex, age, national origin, ancestry, familial status, marital status, sexual orientation or preference, gender identity or expression, citizenship status, disability, veteran or military status, genetic information, domestic or sexual violence victim status or any other characteristic protected by applicable law. Unlawful discrimination will not be a factor in any employment decision.
