Asset Manager - Real Estate

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Job description

Company Description

Hobart Service, an Illinois Tool Works Company, has been in business for over 120 years and is the trusted source for Commercial Food Equipment Service Solutions. We have over 1,700 associates nationwide who serve as valued partners to our customers. Our employees are dedicated to providing the best customer service, give back to the communities where they live and work, and demonstrate the ITW values of Integrity, Simplicity, Trust, Respect and Shared Risk.

Job Description

SUMMARY

Reporting to the Controller, the Asset Manager - Real Estate manages the real estate activity for the company by making recommendations on the potential financial viability of existing and new branch locations. This position specializes in oversight, analysis, and administration of store lease renewals and ensures the lease renewal pipeline meets company timelines for growth. The Asset Manager is additionally responsible for the filing of all business licensing, personal property taxes, and insurances certificates.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Real Estate

• Responsible for all aspects of administration and management of Hobart Service's real estate leases. Including:
  • Tracking of all lease renewals and timely communication with regional and corporate leadership.
  • Preparation and submission of all capital requests for renewals, relocations, and new branch locations and lease documents.
  • Negotiations of lease terms for renewals and new branches.
  • Complete estoppel certificates to ensure accuracy of the agreement.
  • Promptly processing of all rent and operating expenses and detailed tracking of payment status
  • Maintain deferred lease calculations

Business Licenses & Personal Property Taxes

• Filing and payment of business licensing fees and property taxes.
• Communication of filing and payments to regional management.
• Tracking of all business licensing and property taxes

Insurance

• Issue certificates of insurance for all FEG customers and vendors.
• Obtain property insurance certificates as needed.
• Assist branches and FEG divisions on all miscellaneous insurance questions and policy coverages.

Other Duties as assigned

Qualifications

QUALIFICATIONS

Education and Work Experience

• Bachelor's Degree in business, finance or law required, or at least five years of related work experience.
• Minimum of five to seven years of lease negotiation experience required. Retail Real Estate experience identifying potential locations preferred.

Competencies

• Strong ability to analyze financial data.
• Strong interpersonal, verbal, and written communication skills required. Strong negotiation skills required.
• Ability to build and maintain positive, mutually beneficial relationships with regional managers, brokers, lessors, and others.
• Expert knowledge of Word, Excel, and PowerPoint required.

Additional Information

Why work for us?

• Competitive pay
• Great insurance options with low premiums
• Paid vacation and holidays
• 401K with company match
• Extensive on-the-job, online, and classroom training
• Service vehicle, uniforms, and safety equipment provided
• Safety-conscious work environment

Hobart Service is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

ITW and Hobart Service are committed to providing a healthy and safe environment for all employees. To demonstrate this commitment, Hobart Service is tobacco-free (including e-cigarettes) on campuses and within company vehicles and maintains a drug-free workplace.

If you are a qualified individual with a disability and are unable or limited in your ability to use or access the online application system process due to your disability, please contact Human Resources at to request assistance. No other requests will be acknowledged.