Director Retail & Commercial Leasing
2 days ago
New York
Job Description Essential Job Duties and Responsibilities: • Provide strategic leadership and direction for the Retail and Commercial Leasing department, including oversight of retail/commercial spaces, garage leasing, storage units, and community centers., • Develop and execute leasing strategies to optimize retail occupancy, tenant mix, and long-term revenue performance across shopping centers and commercial corridors., • Oversee leasing negotiations, renewals, and tenant retention strategies to maintain stable occupancy and maximize rent per square foot., • Manage a combined departmental budget, including review and approval of procurement requisitions., • Oversee the operations of malls and commercial spaces, ensuring compliance with safety standards, maintenance protocols, and brand presentation through routine inspections and cross-departmental coordination., • Partner with internal teams (Maintenance, Janitorial, Security, and Capital Projects) to ensure commercial spaces are maintained to a high standard and aligned with leasing expectations., • Provide oversight for financial planning and execution of community engagement programs and events to drive foot traffic and support retail tenant success., • Analyze operational and financial reports (including occupancy trends, rent rolls, and revenue performance) to identify opportunities for increased NOI and improved asset utilization., • Oversee reporting and reconciliation of daily transient cash collections and bank deposits totaling more than $450,000 annually., • Ensure compliance with all applicable regulatory requirements governing commercial tenancies, including review and approval of lease applications, renewals, assignments, and related documentation., • Ensure all retail tenants operate in accordance with lease terms, including use clauses, insurance requirements, and maintenance responsibilities., • Coordinate with legal and executive leadership on lease enforcement, defaults, and risk mitigation strategies., • Conduct joint inspections with municipal agencies (FDNY, Department of Health, Department of Buildings) to ensure ongoing compliance of commercial spaces with all applicable codes and regulations., • Oversee scheduling, utilization, and rental agreements for community spaces supporting approximately 60 organizations, ensuring proper documentation, policy adherence, and optimal space utilization., • Partner with Legal, Safety, and cross-functional teams to secure permits and ensure full compliance for commercial buildouts, alterations, and capital improvements., • Lead lease negotiations and oversee the drafting, review, and execution of commercial agreements, present key deal terms, and make recommendations to the Board of Directors for approval., • Review lease violations and oversee investigative processes, ensuring consistent enforcement of lease terms and mitigation of operational and legal risk., • Serve as the primary liaison with external brokerage partners, overseeing marketing strategy, tenant acquisition, and deal structuring to optimize occupancy and revenue., • Represent the organization in legal proceedings and administrative hearings related to commercial tenancy matters., • Establish and implement departmental policies, procedures, and internal controls to strengthen leasing operations and ensure regulatory compliance., • Represent the Commercial Leasing department at Board, Committee, and stakeholder meetings, providing strategic updates and recommendations., • Oversee the preparation and delivery of monthly operational and financial performance reports, including analysis of key metrics and trends., • Bachelor’s degree in Business Administration, Real Estate, Property Management, or a related field required., • Master’s degree (MBA or related or relevant certifications (e.g., CPM, CCIM, NYS Real Estate Broker License), preferred., • Minimum of 5 years in a senior leadership role overseeing cross-functional teams and large-scale retail and commercial operations, including shopping centers or multi-tenant environments., • Minimum of 10 years of experience in retail and commercial property management, with a strong emphasis on retail leasing and operations., • Demonstrated experience negotiating retail leases and commercial contracts, including new deals, renewals, and tenant restructures., • Proven record of accomplishment of executing leasing strategies that optimize tenant mix, increase occupancy, and maximize revenue per square foot., • Strong experience in strategic planning and execution for large-scale, multi-use retail and commercial portfolios., • Working knowledge of NYC Building Codes, zoning regulations, and compliance requirements specific to retail and commercial spaces. *Riverbay Corporation is an Equal Opportunity Employer. *