Lease Administration Manager

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Job description

Overview:
The Lease Administration Manager manages all aspects of the landlord-tenant relationship, from the letter of intent to the end of the term. This position assists the Vice President of Real Estate and the Development team in preparing for Real Estate Committee, reviews each lease, managing construction dates, allowance and reimbursement submittals, oversees document execution, transmittal and management, assures that landlords and the Company meet the requirements of each lease during its term, and manages lease extensions, renewals and terminations, if applicable.

The Lease Administration Manager assures that lease documents are drafted responsibly and interpreted accurately, that all payments of rent and operating expenses are in compliance with lease terms, and that payments to landlords are processed in a timely manner. This position works closely with the VP of Real Estate, supervises the Lease Administrator and supports the full Real Estate team as needed.

What We Stand For

Established in 1978, The Container Store has grown to be the leading specialty retailer of storage and organization products in the United States and the only national retailer solely devoted to the category. We provide creative, multifunctional, customizable storage and organization solutions that help our customers save time, save space and improve the quality of their lives. We foster a culture built around our Foundation Principles, which define how we approach our relationships with our employees, vendors, customers and communities and influence every aspect of our business.

Responsibilities:
Supervises the Lease Administrator to assure that all lease administration activities are handled in a timely and responsible way.

Works closely with Vice President of Real Estate and the Development team to gather information for monthly Real Estate Committee meeting from multiple sources (eSite reports, Store Planning, broker information, landlord marketing information, internet research and store performance data) and prepare PowerPoint presentation.

Reviews active letters of intent and lease drafts before execution to assure that the Company's interests are protected and its operational needs are met, with specific focus on lease timing, construction costs, lease term, rent and operating costs.

Coordinates with Lease Administrator to enter and/or verify that all lease clauses, dates, recurring payments, etc. are abstracted into the lease administration database accurately and that review of the abstraction has been completed and documented in compliance with Company audit requirements.

Facilitates communication of critical lease terms and dates to all members of the Real Estate Department, as well as various other internal stakeholders.

Creates and manages annual fiscal expense plan of over $(phone number removed) for all occupancy expenses, plus monthly accrual and quarterly updates, in addition to departmental expenditures for software, travel, consulting fees, legal fees, etc.

Monitors receipt of required information from landlords related to operating expenses and supports Lease Administrator in evaluating that information for appropriateness under the lease, expense caps and pro rata percentages.

Maintains the Company's templates for letters of intent and communicates those templates to applicable brokers and outside consultants.

Assures compilation and submittal of requests for allowances and reimbursements and communication of status of those payments to Vice President of Real Estate, Development team, Accounting and Finance on a weekly basis.

Assures that tenant-executed documents are returned and/or recorded in a timely manner.

We believe in taking care of our team. That's why we offer a comprehensive benefits package that goes beyond just health insurance (though we've got that covered too!). Here at The Container Store, we're passionate about helping you contain your health, grow your career, and find balance in your life.

Here's a peek at what you can expect:

Competitive health, dental, and vision plans to keep you and your loved ones well.

401(k) retirement savings plan with optional investment guidance and assistance offered through Fidelity.

Unique "1equals3" website for easy access to your benefits information and company updates.

We've got your back! Competitive sick pay and PTO plan to ensure you can take time off to recharge and come back feeling your best.

For our full-time associates, we offer even more:

Peace-of-mind benefits: Basic life insurance, disability insurance options, accident insurance, critical illness insurance, hospital indemnity insurance and flexible spending accounts (FSAs).

Family-focused support: Considerate parental leave policies, adoption and surrogacy assistance, and fertility & maternity support program.

Work-life balance boosters: Paid holidays, gym membership discounts, and a qualified transportation benefits program to save on commutes.

Discounts galore: Enjoy a hefty discount on our amazing products, including merchandise, custom spaces, and services, gift cards, and pet insurance (because fur-babies matter!).

Recognition you deserve: We honor our employees with service awards and retirement gifts, celebrate those who exemplify our core principles, and recognize exceptional daily contributions.

Thriving with diversity: Participate in our Employee Resource and Affinity Groups and help guide how we give back to the community, while having a space to connect, support one another, and celebrate cultural heritages.

But that's not all! We offer a fun and collaborative work environment where you can learn, grow, and make a real difference.

Qualifications:
College degree preferred

3-5 year lease administration experience in a retail environment preferred

Based in Dallas/Ft. Worth area on a hybrid schedule

Must have ability to understand legal terminology and interpret lease clauses and to understand how they affect our business

Must have strong verbal, written and mathematical skills

Strong computer skills required, with a high level of proficiency in all Microsoft Office applications

Must have excellent analytical skills and demonstrate use of independent judgment

Must be at least 18 years of age

Company will not pay costs associated with immigration sponsorship.

The Container Store promotes a smoke-free, drug-free environment.

We are proud to be an and comply with the

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