VP, Real Estate

Recruiter
Tory Burch
Location
New York, New York, United States
Posted
16 Aug 2022
Closes
31 Oct 2022
Ref
R0013471
Function
Operations
We are an American luxury brand known for beautiful, timeless pieces and rich storytelling that evokes optimism and joy. Tory is a fashion designer who draws inspiration from her parents' effortless style, the worlds of travel, art and interiors, and women globally. The collections include ready-to-wear, handbags, footwear, accessories, jewelry, home and beauty. Empowering women is the company's guiding principle, underpinning the design philosophy and company culture, and driving the work of the Tory Burch Foundation.

You are seeking a work environment where people are encouraged to dream, explore, discover and, as important, laugh together. If you're prepared to work hard, create impact, and have fun while doing it, we would love to have you join #TeamTory. Apply today!

Life @ToryBurch is Special Because:

When you join us, you're joining a global, purpose-led company on an exciting growth journey with an amazing culture and great benefits.
  • Our culture is welcoming and inclusive -- everyone is empowered to make a difference.
  • We have the best team in the world and believe in paying competitively and rewarding for high performance.
  • Your overall well-being is important to us; we offer generous benefits to help you take care of your mental and physical health, create financial security, and achieve wellness in all areas of your life.
  • We love seeing our employees wear our beautiful collections. You'll receive a generous employee discount and access to exclusive sample sales.
  • We are invested in your professional growth - you'll have access to free executive coaching on-demand.
  • We believe in the importance of giving back and you'll have many opportunities to do just that through the Tory Burch Foundation and paid volunteer days.


This Role is Tailor-Made for You Because:
You are an experienced real estate leader looking to build a growing real estate portfolio on a global scale. You are tapped into the retail real estate market and have a strong vision for developing strategy. You are an expert at negotiating leases and have strong relationships with landlords. You are collaborative, strategic, and results driven.

A Day in the Life:

A day in the life is...atypical. You might be developing a strategy with our Finance & Retail teams, selecting a site location, negotiating a deal, all while overseeing lease administration, broker, and landlord relationships.

Key Areas of Responsibility:

Strategy:
  • Develop the expansion and portfolio optimization strategy for the global retail portfolio
  • Analyze sales performance, demographic/census data, peer sales data, and market rents, to generate sales forecasting, market planning, and deal benchmarking recommendations

Site Selection:
  • Collaborate with the retail, finance, store construction & design and executive leadership teams to review and approve site locations
  • Canvass markets and potential locations with landlords and internal team members
  • Create market and location overviews/analysis for site visits
  • Manage processes associated with forecasting and tracking deals for all potential sites
  • Manage the day-to-day pipeline activity, including monitoring and reporting on deal progress, and collaborating with cross-functional stakeholders for required inputs

Deal Making:
  • Lead the negotiations of LOIs, leases and all other transactions for the global portfolio in collaboration with in-house and outside counsel.

Real Estate Committee:
  • Manage and present all real estate projects to the global real estate committees

Internal/External Collaboration:
  • Develop and maintain cross-functional relationships with FP&A, retail, legal, store design & construction and marketing
  • Oversee broker and consultant relationships
  • Manage all landlord relations for North America and support global teams

Lease Administration Oversight:
  • Manage all lease administration duties including but not limited to monitoring all key lease actions


To Land This Role:
  • A Bachelor's degree in real estate, business, or a related discipline.
  • Experience managing 200+ leases.
  • Must be willing and able to travel a minimum of 30% of the time.
  • 15+ years of experience in corporate or commercial real estate.
  • Experience in covering multiple states and regions.
  • Demonstrated proficiency in real estate database software.
  • Knowledge of financial modeling
  • Strong negotiation skills and the ability to influence others
  • Understanding complex leases/corresponding legal terms
  • Strong verbal and written communications skills, highly organized, detailed oriented


Why You'll Want to Join Our Team:
Our Real Estate team includes critical thinkers who manage the operations and business strategy behind our real estate portfolio. As we expand our domestic and global retail footprint, our team is at the forefront of selecting and negotiating the best spaces for our stores. We work collaboratively with different teams such as Store Design & Construction, Retail, Legal, and Visual. If you want to be part of a hard-working team with synergies across all business functions, come join us!

How We Work Together
  • Adaptable - We change before we have to
  • Entrepreneurial - We own it
  • Collaborative - There's no "I" in Tory
  • Client & Brand Focused - We put ourselves in Tory's shoes
  • Live the Values - We show up for each other
  • Functional Expertise - We're constantly learning and growing


#TeamTory Values

We show up with honesty & kindness, act with integrity & compassion, work with passion & humility and lead with excellence & humor.

Equal Employment Opportunity Statement

Tory Burch LLC is an Equal Employment Opportunity employer and provides equal opportunities to all employees and applicants without regard to an individual's age, race, creed, color, religion, national origin, sex (including pregnancy) or sexual orientation, gender expression, military status, marital status, genetic predisposition or carrier status, disability or membership in any other protected class under applicable law. Likewise, we will consider qualified applicants with criminal histories for employment in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring, Ordinance No. 184652. Pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records for employment.

Disability Accommodation

Tory Burch is committed to providing reasonable accommodations to applicants and employees with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you require assistance or an accommodation with the hiring process, please contact thetalentteam@toryburch.com .