PREIT is a real estate investment trust specializing in the ownership and management of differentiated retail shopping malls designed to fit the dynamic communities.

Our Vision: To create dynamic and compelling environments for the retailers, consumers and communities we serve. 

Our Values:  We are a people-centric organization that operates at velocity and brings innovation, collaboration and a culture of ownership to maximizing shareholder value.

TITLE: Specialty Leasing Manager, Valley Mall and Francis Scott Key Mall

*Based at Valley Mall

DEPARTMENT: Specialty Leasing

REPORTS TO: Specialty Leasing Senior Director

JOB SUMMARY:

The Specialty Leasing Manager is responsible for creating income and value thru the leasing of the RMU’s (carts), Kiosk, In-line stores and non-traditional uses, such as parking lot and pop-up events. The individual is responsible for canvassing to identify and negotiate new opportunities that generate leasing activity to meet (and exceed) the income objectives.

Additionally, the Specialty Leasing Manager is a goal-oriented self-starter, who is collaborative and well-disciplined in meeting tight deadlines and multi-tasking. The Specialty Leasing Manager will oversee the day to day operations of their program(s) thru managing the income, expenses, A/R, merchandising, as well as maintaining effective relationships with the Specialty Leasing merchants and the Mall team(s).

The Specialty Leasing Rep will:

• Achieve revenue goals for Specialty Leasing Program(s)

• Deliver new common area retail concepts through various business development channels; cold calling local retail locations, internet research, trade shows and small business organizations

• Communicate with Specialty Leasing Senior Director, informing of new deals, problems, delinquencies, sales, revenues, etc.

• Communicate tactfully, skillfully and persuasively to negotiate new and renewal license agreements with retailers. Plan, review rent, percentage rent, product concept, terms and visual display

• Ensure adherence to guidelines and procedures for Specialty Retailing program and enforce all clauses of the Specialty Leasing Agreement

• Build and maintain a prospect list by canvassing the market for new merchants, concepts and merchants interested in expanding into the PREIT portfolio.

• Provide suggestions and assists merchants with visual merchandising plans to ensure mall standards and criteria are met, as part of deal negotiation.

• Ensure that income and budgets are met, as well as goals for “additional income” and minimum rent projects are achieved.

• Develop annual common area retail and merchandising site strategy.

• Work with Marketing Department to coordinate use of common area

• Review Specialty Leasing bookkeeping, receivables, insurance requirements, sales reports, billing clarification for reconciliation for each Center of responsibility
• Negotiate Specialty Leasing License Agreements on an ongoing basis to obtain permanent information for license execution for Malls
• Attend Center/Regional/Departmental meetings as determined

Qualified Applicants will have:

• Bachelor's Degree in Marketing, Business Administration, Communications or minimum of 3-5 years in shopping center industry
• Combination of equivalent education and experience necessary to effectively perform the responsibilities of the position.
• Ability to communicate effectively, both orally and in writing with all levels of management, staff, outside legal counsel, merchants, etc.
• Effective interpersonal skills
• Basic computer skills including Microsoft Office (Outlook, PowerPoint, Excel, World)

PREIT is requiring proof of full vaccination to work in the corporate office and the field. 

Benefits:

• Medical Insurance 
• Dental & Vision Insurance
• Life Insurance / Accidental Death and Dismemberment
• Short Term & Long Term Disability
• PTO
• 401(k) - Company match after 6 months