Leasing Manager
Listed on 2026-10-15
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Real Estate/Property
Property Management & Leasing, Commercial Real Estate, Real Estate Finance & Analysis
The Leasing Manager is a key role on the Real Estate & Construction team at Honey Baked, leading the strategic and transactional side of our portfolio of 200+ company locations. The Leasing Manager serves as the Company's primary landlord contact; negotiates lease renewals, extensions and early terminations; conducts site and market analysis to support renew, relocate, or close decisions; and reviews and negotiates estoppel certificates and subordination, non-disturbance and attornment (SNDA) agreements.
Working with Legal, Finance, Operations, Development, and Construction, the role makes sure every lease decision is grounded in market data and store performance and is negotiated on terms that protect the Company and control occupancy costs.
- Leads negotiation of lease renewals and extensions across the portfolio, from initial landlord outreach and letter of intent through final execution.
- Builds and manages a rolling renewal pipeline 12 to 24 months ahead of expiration, prioritizing locations by expiration date, store performance, and negotiating leverage.
- Sets the negotiation strategy for each renewal, including target rent, term, option structure, tenant improvement allowance, and landlord work, and secures leadership approval before engaging the landlord.
- Negotiates key retail and QSR lease provisions at renewal, including use and exclusive clauses, co-tenancy, radius restrictions, kick-out and go-dark rights, signage, drive-thru, patio, parking, and venting and grease requirements.
- Drafts and negotiates renewal and extension amendments, side letters, and related documents in partnership with Legal and outside counsel.
- Makes the renew, extend, or exit recommendation on each lease option and delivers option exercise notices ahead of the deadline.
- Conducts site and market analysis for existing and prospective locations, including trade area demographics, anchor and co-tenant health, traffic counts, visibility and access, and competitive presence.
- Gathers market rent comparables and broker opinions of value to benchmark current rent and set renewal and relocation targets.
- Evaluates renew, relocate, downsize, or close scenarios with Operations and Finance using sales trends, four-wall profitability, occupancy cost as a percentage of sales, and capital requirements.
- Identifies relocation opportunities within existing trade areas and negotiates relocation terms with current and prospective landlords.
- Conducts site visits to assess property condition, center health, and nearby development that may affect a location's long-term viability.
- Directs tenant-representation brokers on market surveys, site tours, and deal sourcing.
- Negotiates early terminations, lease buyouts, and surrender agreements, including termination fees, surrender dates, and release of future obligations.
- Evaluates and exercises contractual termination, kick-out, and co-tenancy remedies when store performance or center conditions warrant.
- Develops exit strategies for underperforming locations, including assignment, sublease, buyout, or negotiated early termination.
- Negotiates surrender, restoration, and holdover terms at expiration or closure, and coordinates premises turnover with Operations, Facilities, and Construction.
- Prepares and delivers termination and non-renewal notices in compliance with lease requirements.
- Reviews and negotiates estoppel certificates and SNDA agreements requested by landlords, lenders, and purchasers to protect the Company's lease rights and defenses.
- Negotiates qualifications, exceptions, and revisions to landlord and lender forms, including non-disturbance protections,…
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