Our client is a 128-year old consumer goods retailer with approximately $1.5 billion in revenue and over 4,000 employees. The company, headquartered in Houston and currently operates 118 retail locations in fourteen states.  The Company’s products and services offered through its retail sales outlets, distribution and service facilities include furniture and mattresses, home appliances, consumer electronics, home office equipment, repair service agreements, credit insurance, home delivery, product repair service and consumer credit.

Position Summary:

This position is responsible for developing and executing plans to meet the Company’s store growth goals. This person will play a key role in establishing market strategies, analyzing extensive, relevant data and collaborating with internal sales partners to execute real estate transactions that support the growth goals of the Company.  This person will also be responsible for managing and optimizing the Company’s existing stores, cross docks, distribution centers and corporate offices and overall facility expenses.

Responsibilities:

The Chief Real Estate Officer’s responsibilities include, but are not limited to:

• Analyze existing and potential location performance by understanding the company financial results, its strengths, and weaknesses and its competition.
• Develop and implement action plans to strengthen relative market position through collection and analysis of data while also using experience, market knowledge, and other inputs to complement
• Research and recommend new markets for company expansion.
• Identify, present, and implement real estate solutions for existing and potential locations.
• Manage and develop master and local brokerage contacts.
• Negotiate lease-related transactions, including leases, renewals/extensions, and terminations.
• Handle Non-Operating Lease Liabilities (NOLL) to disposition and resolution.
• Present potential sites and related materials to Real Estate Committee for approval.
• Develop tools, KPI’s and dashboards to reflect the performance of the real estate organization.
• Lead efforts to ensure bench strength, development of associates and succession planning in areas of responsibility.
• Manages facilities spend to ensure efficiency, developing and implementing cost savings measures where possible.