Real Estate Manager

The Role: Real Estate Manager

What you are looking for:

• A closely connected culture
• A total rewards package meant to enhance your work-life flexibility
• Fully utilizing your talent
• Professional growth and development via challenging projects and assignments
• Warm and fuzzy feelings knowing you have helped your community, your team, the business and social causes through the Rexall Care Network

The road ahead is one of adventure and heart. Are you our next all star?

This existing role reporting to the Director, Real Estate, the Real Estate Manager is responsible for the management of their assigned real estate portfolio to support optimization of the network and cost containment. This includes dissemination of relevant data and tools that support the Real Estate team in making sound location and investment decisions.

What you will be doing:

• Negotiate lease renewals and documentation for the responsible region
• Support the Director, Real Estate in site selection, network planning and evaluation of viable real estate opportunities across Eastern / Western Canada through a quantitative and qualitative approach.
• Compile and analyze demographic, competitive and market research information to identify trends and changes impacting the business.
• Develop and recommend strategies for all renewals of existing stores, signage, storage, parking or other management agreements in place, with a sound knowledge of the market and corresponding rates.
• Lead lease negotiations and manage lease documentation in collaboration with Legal (i.e. lease proposals, offers to lease, renewal agreements, termination agreements etc.)
• Prepare and present market overviews, renewal recommendations and deal specific approval packages to the Rexall Executive Team (RET) for approval on a monthly basis, with direction from the Real Estate Director.
• Collaborate with business analysts and the Director, Market Development to prepare pro forma models and assess business impacts to support strategic negotiations and renewal implementation.
• Build and maintain strong relationships with all landlords, brokers and physicians within the network to better use Rexall’s position in the market and industry as a whole.
• Perform additional duties as assigned to support overall real estate and Rexall Pharmacy Group Ltd. Objectives.

How you will succeed:

• University degree in Real Estate, Business, Retail Geography or Urban Planning
• 3-5 years’ relevant work experience in commercial real estate, with a strong preference for retail leasing
• Proven ability to negotiate and delivery targeted results, does not shy away from difficult conversations
• Demonstrated understanding of retail business fundamentals and market dynamics
• Strong analytical capabilities, with the ability to interpret and translate data into actionable insights
• Proven ability to multi-task, meet deadlines, and balance competing requests
• Excellent written and verbale communication skills

Are you #ALLin?

At Rexall, we are better together. We serve our customers, partners, and patients best—we are our best—when everyone brings their true self to work. Our connected, inclusive culture celebrates our lived experiences, backgrounds, expertise, and self-expression to let us win as one team. Leveraging our differences distinguishes us and brings out our best performance.

Our hiring process uses AI-enabled tools to assist with the assessment of applications based on job-related criteria. All decisions are made by the hiring team.

Rexall Pharmacy Group is committed to providing an accessible environment for all of our customers, employees, and job applicants. Rexall Pharmacy Group will make available to any selected applicants’ accommodations and/or accessible formats should they require. Candidates are encouraged to discuss any accommodation they may need in order to allow for the most effective selection process.