Real Estate Manager
Chipotle

Real Estate Manager (21020273)
Description

THE OPPORTUNITY

The REM is a leader within the broader Development team. The REM will establish and execute a real estate development plan in their designated geography. S/he is a person who has the confidence of management to develop people, manage other members of the Triad in addition to outside brokers and consultants and demonstrates the strategic thinking that is needed to continue to grow at Chipotle. The REM is responsible for supervising the project from identifying the real estate project to opening of the restaurant.

WHAT YOU'LL DO

• Manage in excess of 20 new real estate projects in a given year while working with other members of the Triad in overseeing projects from REAT approval to opening, ensure all phases of projects are expedited and risks minimized, controlling the critical path of all transactions. (10% of time)
• Negotiate business terms and conditions of contracts with a variety of landlords from small investors to REITs while maintaining on-going communication with attorneys on contract status. Demonstrates a strong understanding of economic implications of all negotiated terms. Oversee and manage each deal from initial market plan through LOI to opening. (10% of time)
• Perform market research, both formal & informal, to assess real estate site opportunities while ensuring alignment with Development Director on trade area priorities. Ensure all real estate data in Chipotle's project management system is up to date and accurate. (5% of time)
• Triad leader overseeing work of other Dev team members (design & construction) as required by the business. (10% of time)
• Oversee and manage numerous broker relationships including site prioritization, negotiation guidance and related site tour reporting. (15% of time)
• Deliver executive level presentations to Chipotle's real estate ELT sub-committee to gain approval for proposed new restaurant deals. Prior to executive approval, organize and present market tours with the CDO, Development Director and Operations leadership. (30% of time)
• Manage and develop a regional and market level plan by collaborating with Operations leadership. A market plan encompasses a multi-year outlook for existing and new restaurant development. Present plans annually at the cross functional Market Planning meetings. Maintain close communications with Operations partners throughout the new store development process. (10% of time)
• Provide necessary direction & support for issues related to re-zoning, variances and other technical real estate development issues. (5% of time)
• Represent Chipotle in industry settings, such as local/regional/national ICSC events; stay abreast of real estate issues and developments within the REM's region and within the industry. (5% of time)

WHAT YOU'LL BRING TO THE TABLE

• BA/BS or an equivalent in education and experience in real estate, finance or GIS
• Real Estate & Finance Degree Preferred
• 5-8 Years of experience in field
• Minimum of five (5) years of experience with successful QSR real estate site selection in the designated region
• Real Estate license preferred
• Able to effectively manage people. Expert knowledge of and ability to use a PC and MS Office Suite. Have excellent written & verbal communication skills. Have the ability to work in a fast-paced, team-oriented environment. Be highly organized and able to multi-task. Able to work independently with attention to detail, accuracy, documentation and follow-thru.
• Moderate overnight travel, heavy travel within territory

WHO WE ARE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,800 restaurants as of March 31, 2021, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With over 97,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Colorado in 1993. For more information or to place an order online, visit WWW.CHIPOTLE.COM.

CULTIVATING A BETTER WORLD

Food served fast doesn't have to be a typical fast food experience. Chipotle has always done things differently, both in and out of our restaurants. We're changing the face of fast food, starting conversations, and directly supporting efforts to shift the future of farming and food. We hope you'll join us as we continue to learn, evolve, and shape what comes next on our mission to make better food accessible to everyone.

Primary Location: Massachusetts - Boston - 1520 - Boston Financial District-(01520)

Work Location:
1520 - Boston Financial District-(01520)
101 Summer St
Boston 02110