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Director Real Estate

Company: Medline Industries, Inc.
Location: Mundelein
Posted on: September 22, 2022

Job Description:

JOB SUMMARY Support Medline executives and executive representatives when determining long-term real estate strategies and objectives. Responsible for Medline%26rsquo;s real estate portfolio including: market analysis, site selection, deal negotiations, due diligence, entitlements and evaluating value in terms of leasing, purchasing, disposition or building of assets. Responsible for managing, incorporating and planning of organization-wide real estate needs. MAJOR RESPONSIBILITIES Ensure the real estate portfolio is aligned with company%26rsquo;s overall strategy in all aspects of site selection, acquisition and disposition. Manage the company%26rsquo;s real estate portfolio (e.g., commercial buildings, manufacturing facilities, data centers) to ensure sufficient occupant capacity while minimizing company expenses and liabilities. Execute real estate transactions including planning, negotiating and managing brokers. Direct negotiations with brokers, developers, attorneys, property owners and landlords to achieve the most favorable position on Medline's behalf. Drive strategy and identification of acquisition opportunities. Deliver cost analyses of proposed projects and project development. Develop the business case by identifying needs, analyzing potential options and assessing expected return on investment. Facilitate due diligence required to move a project from development into construction. Facilitate civil engineering, site planning and entitlement process. Work directly with local officials, community partners, land owners and legal representatives to coordinate all issues. Effectively oversee the execution of real estate transactions (leasing and/or purchase or sale) in the company%26rsquo;s real estate portfolio using negotiation skills, appropriate vendors (e.g., brokers, legal support, lease administration, utility, and other services), asset management and financial analysis techniques. Establish and maintain standard methods and processes for capital budgeting and reporting, real estate transaction management and lease administration. Track and manage portfolio's real estate expenses. Select, develop, and evaluate personnel and partnerships to ensure the efficient operation of the function. Manage partnerships with internal stakeholders to develop and deliver solutions. Manage relationships with outside vendors. Establish relationships with community officials, land / building owners and legal representatives to coordinate projects through successful completion. Management responsibilities include: --Typically manages through multiple Managers --Provide leadership and management to one or more major departments of an operating unit or to a department that has system-wide accountability --Strategic, tactical and operational planning (12 + months) for the function or department --Direct budgetary responsibility for one or more departments, functions or major projects/programs --Interpret and execute policies for departments/projects; develop, recommend and implement new policies or modifications to existing policies --Hiring staff, recommending pay increases, performing performance reviews, training and development of staff, estimating personnel needs, assigning work, meeting completion dates, interpreting and ensuring consistent application of organizational policies --Reports into VP Real Estate/Construction, Operations MINIMUM JOB REQUIREMENTS Education Typically requires a Bachelor's degree in a business-related field. Work Experience At least 7 years of experience in the real estate management field. At least 4 years of experience managing people, including hiring, developing, motivating and directing people as they work. Knowledge / Skills / Abilities Skill and experience developing strategic initiatives which align with business goals and budget. Ability to establish & maintain relationships with individuals at all levels of the organization, in the business community & with vendors. Skill & experience in identifying operational issues and recommending and implementing strategies to resolve problems. Position requires up to 50% of travel for business purposes.

Keywords: Medline Industries, Inc., Arlington Heights , Director Real Estate, Executive , Mundelein, Illinois

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