Real Estate Manager

Job Title:

Real Estate Manager

Location:

Irving, Texas

Compensation:
Pay is commensurate with experience.

Worker Type:
Employee

Time Type:
Full time

About Team Car Care Team Car Care is one of the nation's largest operators of Jiffy Lube service centers, serving customers across hundreds of locations with fast, reliable vehicle maintenance. Our marketing team drives awareness, traffic, and loyalty for our network of service centers through a mix of digital, local, and lifecycle marketing programs. We’re looking for a Marketing Data Analyst to help us understand what’s working, sharpen our targeting, and turn campaign data into decisions that drive business growth.

• Communicate regularly with the executive team and operations leaders to align real estate goals, strategies, tactics, and resource needs
• Deliver recurring real estate and facilities updates to executive leadership, including bi-weekly Real Estate Committee (REC) calls and monthly executive updates
• Manage relationships and communication with key external partners, including JLI, CBRE/Mohr Partners, and Co Star

• Prepare leases and amendments, or review landlord-drafted versions, escalating complex or non-standard terms to the legal department as needed
• Provide insurance certificates, estoppels, and SNDAs using legal-approved templates
• Send deal summaries to the CSO prior to obtaining company signature on leases or amendments
• Maintain all real estate documentation and serve as the subject matter expert on Co Star
• Support the lease renewal negotiation process in partnership with Mohr Partners from early-stage market and options analysis, through proposal evaluation and value-capture negotiation, to final execution and document handoff for abstraction and recordkeeping

• Serve as the primary point of contact for the company's third-party real estate management partner, directing and reviewing their day-to-day transactional work
• Oversee preparation of SNDAs and estoppel certificates, using legal-approved templates
• Oversee processing of lease renewals, including tracking status, resolving open items, and ensuring timely completion
• Review and quality-check third-party deliverables, escalating discrepancies or non-standard terms internally or to legal as needed

• Source store conversion and acquisition targets
• Evaluate potential expansion opportunities using standardized site-selection metrics, including financial diligence, in partnership with executive and operations teams
• Partner with executive leadership and operations to set company-level and regional capital expenditure budgets
• Gather field intelligence from operations teams to inform lease renewal strategy

• Partner with a third-party real estate group to identify and source sites for build-to-suit development and store relocation
• Lead site selection and evaluation, including diligence on financial projections and alignment with company site criteria
• Manage build-to-suit and relocation projects from site identification through completion, including coordination with franchisor and developer partners
• Lead transaction negotiations for build-to-suit and relocation deals, including terms, timing, and documentation

• Coordinate with the Jiffy Lube corporate real estate group on land acquisition and site opportunities
• Support franchisee takeover transactions from a real estate perspective, including lease and site review
• Partner on new build and new concept development opportunities, aligning site strategy with brand standards

• Ensure store teams and contractors have a high-functioning system to initiate and complete facility work
• Manage intake of facility work requests from landlords, property managers, and municipalities, and route them to the Facilities team
• Oversee large-scale facilities projects, including floor replacements and reimage initiatives
• Provide data to support rent, CAM, and facilities budget forecasting