United States onlyJob Description
Fabletics is currently looking for a Retail Lease Associate.
How you fit in?
In this role, you will support and assist in the acquisition of new retail sites, kiosk and other specialty leasing projects as may be required, as well as working with the real estate team in managing the lease administration function for the Fabletics retail store portfolio.
Essential Functions:
Review and abstract lease agreements.
Liaison to outside and in-house legal counsel, accounting, retail store ops, facilities, third party vendors such as architects and general contractors.
Support and assist the dealmakers in the lease review process including notifying accounting and other pertinent business partners when new leases go into effect.
Review and communicate lease obligations with business partners to provide insight and inform business decisions and actions during lease tenure.
Communicate with landlords on various lease issues and/or disputes, working to solve and negotiate a resolution.
Manage possession, rent commencement dates, percentage rent and tenant improvement allowance reimbursements.
Manage and prepare the real estate inputs into CoStar, the web based platform housing the lease library.
Prepare lease-related correspondence and forms, including estoppels, rent commencement memorandums and various other correspondence.
Manage the storage agreements for the retail store portfolio.
Manage and monitor lease renewals on a regular basis to ensure decisions can be made in a timely and appropriate manner across our portfolio.
Assist the real estate team with the process of setting up new vendors in the accounts payable system.
Respond to third party request for information related to real estate, design and construction matters.
Prepare, update and maintain various lease summary reports outlining all of retail store portfolio and the obligations associated therewith.
Assist the VP of Real Estate in managing the company’s retail real estate portfolio, including but not limited to the following: SNDA and estoppel requests, CAM issues, utility issues, landlord approvals for remodels and/or expansions and issues concerning reimbursements for operating expenses and utilities.
What you can bring:
2 - 3 years of commercial real estate lease administration experience, preferably with a mall-based retailer.
Strong oral and written communication skills.
Must have excellent knowledge of leases, contracts and letters of intent, with the ability to read and interpret lease language.
Proficient in the suite of Microsoft computer applications, as well as the technical aptitude to use the CoStar lease administration system.
Must have strong organizational skills as well as acute attention to detail, possess the ability to solve and resolve problems, and provide support where and when needed.
Ability to provide guidance to lower-level team members
Ability to set own individual goals to achieve project milestones
Where we are:
This role will be based in our Chattanooga, TN office.
What we offer:
401K match
Annual Bonus Plan
Competitive Salary and Equity Structure
Discretionary PTO
Health & Wellness Benefits
Learning & Development opportunities
And more!
The annual base salary range for this position is from $64,600-$90,000. The range provided includes the base salary that Fabletics expects to pay for the role. Offered base salary will be dependent on factors including the scope and complexity of the role, candidate’s related work experience, subject matter expertise and work location.
Security Alert: Protect yourself from scams
At Fabletics, we're dedicated to recruiting top talent who share our drive for innovation. To safeguard candidates, Fabletics emphasizes legitimate recruitment practices. Initial communication is primarily via official email addresses and LinkedIn; beware of deviations. Personal data and sensitive information will not be solicited during the application phase. Interviews are conducted via phone, in person, or through the approved platforms Teams or Zoom—never via messaging apps or other calling services. Offers are merit-based, communicated verbally, and followed up in writing. If personal information is requested to initiate the hiring process, rest assured it will be through secure and protected means.
Fabletics, Inc. is an equal opportunity employer. We recruit, employ, compensate, develop, and promote regardless of race, national origin, religion, sex, sexual orientation, gender identity, age, disability, genetic information, veteran status, and other protected status as required by applicable. At Fabletics, Inc., we champion a vibrant workplace culture that thrives on diversity law and do not tolerate discrimination or harassment. We are one team from many backgrounds, innovating through diversity of individuals, who are driven by passion for creating an inclusive space for all. Fabletics, Inc. will continue to champion a workplace culture that prizes diversity and inclusivity.
We encourage you to apply regardless of meeting all qualifications and/or requirements.
