Sr. Lead, Real Estate-Retail

Date: Aug 27, 2024

Location: Baltimore, MD, US, 21230

Company: Under Armour

Values & Innovation

At Under Armour, we are committed to empowering those who strive for more, and the company's values - Act Sustainably, Celebrate the Wins, Fight on Together, Love Athletes and Stand for Equality - serve as both a roadmap for our teams and the qualities expected of every teammate.

Our Values define and unite us, the beliefs that are the red thread that connects everyone at Under Armour. Our values are rallying cries, reminding us why we're here, and fueling everything we do.

Our pursuit of better begins with innovation and with our team's mission of being the best. With us, you get the freedom to go further - no matter your role. That means developing, delivering, and selling the state-of-the-art products and digital tools that make top performers even better.

If you are a current Under Armour teammate, apply to this position on theInternal Career Site Here. (https://performancemanager8.successfactors.com/sf/careers/jobsearch?bplte_company=ua&_s.crb=aNMP8gWoYkBDFn%252bz2BldysgcgQHZpVs6tHzE9smSuXE%253d)

Purpose of Role

The Sr. Lead, Real Estate holds key role in managing all new and existing Real Estate contracts and negotiations for the Americas region. Key responsibilities include negotiating leases, collaborating with cross-functional teams, and supporting cost-effective and efficient store construction and remodeling projects specifically within the North American context. The Senior Lead, Real Estate must stay abreast of regional market trends, conduct feasibility analyses, and build strong relationships with external partners such as landlords and contractors in the North American real estate landscape. This role demands an understanding of North American business nuances, exceptional negotiation skills, and the ability to contribute to the organization's growth and success in the region.

Your Impact

• Real Estate Strategy Development

• Conduct market research and analysis to identify strategic locations for expansion or consolidation.

• Lease Negotiation and Management:

• Lead negotiations for lease agreements, ensuring favorable terms and conditions.

• Oversee the management of existing leases, renewals, and negotiations for lease modifications.

• Cross-functional Collaboration:

• Collaborate with various internal teams, including finance, legal, operations, store development and marketing, to align real estate strategies with broader business goals.

• Prepare and present real estate packages for committee approvals.

• Provide legal with all necessary documentation and inquiry answers to ensure lease negotiations are finalized and leases executed in a timely matter.

• Site Selection and Due Diligence:

• Lead site selection processes, considering factors such as demographics, foot traffic, and market potential.

• Conduct due diligence on potential sites, assessing risks and opportunities.

• Risk Management:

• Assess and mitigate risks associated with real estate transactions and development projects.

• Stay informed about regulatory changes and compliance requirements in North American markets.

• Market Trend Analysis:

• Stay abreast of North American real estate market trends, competition, and industry developments.

• Provide insights and recommendations based on market intelligence.

• Relationship Building:

• Cultivate and maintain strong relationships with landlords, property owners, brokers, and other external partners.

• Represent the organization in negotiations and community engagements.

• Reporting and Analysis:

• Prepare regular reports on real estate performance, project status, and key metrics for senior leadership.

• Conduct financial analyses to evaluate the return on investment for real estate initiatives.

Qualifications

• Experience in real estate lease negotiations, with a track record of success limiting the cost of occupancy.

• Experience with Canada and Mexico real estate a plus

• Bachelor's degree with typically 10 years of relevant experience OR Master's degree with typically 8 years of relevant experience OR typically 14 years of relevant experience without degree

Workplace Location

• Location: This individual must reside within commuting distance from our Baltimoreoffice.

• Return to Work Designation: 3 days week in-office, the remainder of work week remote.

Relocation

• No relocation provided

Base Compensation

$131,963.00 - $181,449.40 USD

Most new hires fall within this range and have the opportunity to earn more over time. Initial placement within the salary range, however, is based on an individual's relevant knowledge, skills and experience for the position. UA is committed to helping our teammates succeed and advance in their careers. Base salary is only one component of our competitive Total Rewards package.

Benefits & Perks

• Paid "UA Give Back" Volunteer Days: Work alongside your team to support initiatives in your local community

• Under Armour Merchandise Discounts

• Competitive 401(k) plan matching

• Maternity and Parental Leave for eligible and FMLA-eligible teammates

• Health & fitness benefits, discounts and resources- We offer teammates across the country programs to promote physical activity and overall well-being

#LI-MD1

Our Commitment to Diversity

At Under Armour, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion or belief, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, family or paternal status and any other characteristic protected by applicable law. Under Armour believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. Accommodation is available for applicants with disabilities upon request.