Sr. Real Estate Manager



Job Details

Sr. Real Estate Manager
Employer

Port of Tacoma

Salary

$84,684.00 - $110,076.00 Annually

Location

Tacoma, WA

Job Type

Regular/Full-Time

Job Number

424

Department

Real Estate

Opening Date

04/18/2018

Job Summary

This position is primarily responsible for implementing the Real Estate property management, acquisition/divestiture, and leasing strategy of the Port of Tacoma.  Duties involve conducting transactions such as leasing commercial and industrial space within the Port's holdings, sale of land holdings, and acquiring additional real property assets to support the ongoing growth and expansion of the Port of Tacoma's core business and related infrastructure.  Includes developing, preparing, and monitoring lease terms and conditions, acquisition analyses, all required Lease and Purchase and Sale Agreements, other real estate agreements and documents as required, and presentation of analysis and transaction recommendations to Senior Staff and the Board of Commissioners. 
 
The Sr. Real Estate Manager also maintains and promotes positive relations with various Federal, State, and local agencies, economic development agencies, Port customers and tenants, real estate brokers, investors, developers, builders, and other interested parties and potential users of Port property.  At all times, this position represents the Port's best interests, policies and procedures to public and private organizations, users, and prospects. 
 

Primary Functions

  • Develop and implement action plans and proposals for property leasing. Negotiate industrial and commercial property leases in support of the Port's real estate marine terminal business and related activities in support of The Northwest Seaport Alliance.
  • Negotiation and execution of acquisitions, property sales, easements, street vacations, and other contracts/agreements as needed to meet the Port's long-term investment, development and economic goals. Works closely with the Director in the creation and execution of the Port's real property strategy to align with the goals and the objectives of the Port.
  • Markets Port property to regional, national and international businesses, manufacturers, commercial/industrial firms, brokers and real estate developers. Develops and maintain appropriate marketing materials.  Ensures effective networks and collaborative relationships with industrial property owners, area development firms, public agencies and private organizations.
  • Performs other duties and assignments as requested that support the Commercial and the Port's overall objectives, including conducting local market research and analysis and assisting the Director in developing highest and best use strategies and appropriate promotional plans that support the Port's strategic plan. Maintains statistical market data and assists in the preparation of financial pro-formas in support of the Port's industrial/commercial portfolio.
  • Support and work closely with the Facilities Management Specialist to manage, schedule and complete tenant improvement requests, maintenance, repairs and facility inspections.  Work with the Facilities Management Specialist, maintenance and Director to develop maintenance plans and priorities.  
  • Participate in and supports the asset management effort and functions to manage real estate assets to produce highest return considering the Port's Land Use Plan, and Strategic Plan.
  • Present recommendations, projects and/or updates to Port Executives, staff, public agencies, and the Commission in both public and non-public meetings.
  • Communicate and clarify Port policies, procedures, and positions related to real estate leases, purchases, sales, and property development to Port customers, partners and stakeholders.   

Required Education and Experience

Minimum education required is a Bachelor's Degree in business, economics, marketing, finance, or related field.  Master's Degree in Business (MBA) or professional certification desirable.  Specific Real Estate course work or a Real Estate agent/broker license is preferred.
 

Previous job experience including a minimum seven (7) years of increasingly responsible professional level experience in real estate, facility management, asset management, management and sales.  Work history must include responsible experience in commercial and/or industrial real estate and property management.  Experience in commercial/Industrial Real Estate brokerage, land acquisition/development, land entitlement, easements, street vacations, and real estate title is highly desirable.
 

Additional Requirements

Ability to make transactional and analytical decisions related to researching, planning, negotiating, financing, and related real estate issues is required.  Must be self-motivated and able to work independently or as a part of a highly professional team. Must have excellent communication skills both verbally and in writing.  Must also be highly skilled in problem solving, conflict resolution and possess excellent interpersonal skills.  Candidate must have ability to tour and inspect properties, including opening and closing chain-link fences, large gates and large doors in occupied and unoccupied buildings.
 
This individual must demonstrate a caring customer service attitude, a strong commitment to operational excellence and be able to display behaviors and a commitment to the organization's core values.  We value an individual who also brings an impeccable work ethic, is honest and models a high level of integrity.  The Port of Tacoma wants candidates who display enthusiasm, energy and a drive to succeed.  Under the direction of the Chief Executive Officer the organization's culture is built on the following values: Integrity, Customer Service, Competitive Spirit, Courage, Sustainability and Collaboration.  The alliance seeks candidates who can align and model these values both internally and externally and understand what it means to carry out these values in their everyday work.
 

As an employer of choice, the Port of Tacoma is proud to offer an excellent benefits package. This includes medical, prescription, vision and dental with no out of pocket employee premiums and full coverage for employee, spouse and all eligible dependents. In addition, the alliance also offers vacation, twelve paid holidays, sick leave, bereavement leave, participation in the Washington State Public Employees' Retirement System (PERS) and an employer-funded Voluntary Employee Beneficiary Association (VEBA) account for out-of-pocket health related expenses for employees and their eligible dependents. Our excellent benefits package is valued between 45%-55% of base salary. Other excellent benefits are also available.

To view more information, please visit https://www.portoftacoma.com/employment/compensation
 

01
Do you have a Bachelor's Degree?
  • Yes
  • No
02
Do you have a Real Estate agent/broker license, or have you completed Real Estate specific coursework?
  • Yes
  • No
03
How many years of professional experience in real estate, facility management, or asset management do you have?
  • 0 to less than 2 years
  • 2 years to less than 5 years
  • 5 years to less than 7 years
  • 7 years or more
04
Do you have professional experience in commercial and/or industrial real estate and property management?
  • Yes
  • No

* Required Question

Employer
Port of Tacoma
Address
1 Sitcum Plaza

Tacoma, Washington, 98421
Phone
253-383-9403

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