· Assists in preparing strategic growth plans. · Delivers sites to fill the real estate pipeline with the desired number of deals and at the desired timeframes with the overall objective of growing the Portillo’s brand successfully. · Builds relationships and manages external brokerage network. · Vets potential sites against strategic plans, Forum sales analytics and Portillo’s site parameters. · Coordinates site layouts with landlords and in-house architect to ensure potential sites meet the Company’s parameters for access, parking, visibility, stacking, circulation and traffic flow. · Drafts and negotiates letters-of-intent for lease or purchase of proposed sites. · Orders and reviews Site Investigation Reports (SIR’s) to determine and resolve material issues affecting Portillo’s development of the site. · Obtains VP of Real Estate approval for site and proposed deal terms before RESAC. · Prepares RESAC packages with assistance of Real Estate Coordinator by sourcing information from landlords, brokers, municipalities and consultants. · Verifies RESAC package information for completeness and accuracy. · Presents RESAC packages to Six Pack (Executive Committee)/Board for approval. · Negotiates leases/purchase contracts with assistance and guidance from outside counsel ensuring that the Company’s interests are protected and that agreed upon terms meet the organization’s standards. · Facilitates turnover of signed deals to the Construction Department, outside architects and consultants to ensure a smooth and timely development of restaurants. Answer questions and resolves issues with landlords post-turnover. · Assist in lease management of existing restaurants as needed, resolving issues such as: parking restrictions, maintenance obligations, interpretation of various leases issues, lease renewals and lease amendments. |