Director, Real Estate

Job Purpose

Job Purpose The Director, Real Estate will be responsible for leading, developing, directing, and coordinating their team and cross-functional partners in executing Panera’s Real Estate initiatives and strategies for the expansion of bakery-cafes in their respective territory in accordance with Panera’s guiding principles. The position will manage all aspects of new café development to support the Company’s rapid and profitable growth and lead a team of Real Estate Managers. They will assist in the overall market strategy for both company and franchise expansion and be accountable for Franchise and Retail Operations relationships. The successful candidate will have a keen and up to date understanding of real estate trends and activities in their markets. They must have an executive presence, make fact-based decisions, and have the confidence to articulate them.

Location : Field Based / Remote

Responsibilities

• Develop and execute short-term and long-term Real Estate plans that support corporate goals and help drive sales while strengthening the Company’s brand positioning and upholding Panera’s brand integrity.
• Have responsibility for Real Estate decisions within the Region; present and defend them to the executive committee, company operations and franchisees with confidence and a professional and financially sound fact-based approach.
• Develop, negotiate, and structure Real Estate agreements using appropriate tools to model, analyze, and track expansion potential that are in the best long-term financial interest of Panera.
• Partner with the Design, Construction, Finance, Franchising, and Operations teams to fully integrate a cost model with the stated brand direction and message.
• Partner with Real Estate Strategy and Portfolio Management to maximize the performance and value of the Company’s and Franchisee’s portfolio of Real Estate assets in the Region through acquisitions, dispositions, and relocations.
• Support and lead continuous market planning to formulate, adjust, and implement a long-range Real Estate growth and portfolio management strategy.
• Deliver sites on time and on budget that will, in addition to delivering high ROIs, reinforce the Company’s brand positioning and increase the market share.
• Manage the current Real Estate department and through hiring, coaching, and retaining the best Real Estate talent, create a solid best of class team.
• Oversee the development of broker relationships, negotiations, and real estate agreements that are in the best long-term financial interest of the Company and the Company’s brand.
• Evaluate existing Real Estate sites to ensure they are meeting or exceeding the financial goals established, and if not, find effective solutions to get numbers back on track in a timely manner. Make changes and strategic decisions regarding real estate as necessary to keep the Region on plan and positioned for continued growth.
• Serve as a strong, strategic leader, effectively optimizing and executing process while developing and motivating his / her team to take a proactive approach to their functions.
• Review current and emerging trends in the retail real estate market to ensure the Company takes advantage of real estate market conditions wherever possible and maintains a leadership position.
• Develop and maintain relationships with landowners, developers, states, counties, and cities that will impact or influence the Company’s growth strategy.
• Have full understanding and experience in ground-up development process. Maintain comprehensive knowledge of local, state, and federal regulations to ensure organizational compliance and strategically leverage applicable laws to advance the Company’s interests.
• Ensure clear communication of Real Estate goals to all channels of business.
• Participate in the development of Panera’s design and concept to meet company objectives of appearance, quality, quantity, and costs.
• Participate in site selection, oversight of design, construction, and turnover of new cafes.

Qualifications (Education & Experience)

Personal Qualifications

The successful candidate will :

Working Conditions

Physical Requirements

Direct Reports

Equal Opportunity Employer : Disabled / Veterans

Additional Description :

Competitive Pay : $188,838-$290,812

#J-18808-Ljbffr