Job Description
Job Description
Overview
WS Development is seeking a Retail Property Manager who will be responsible for managing multiple retail sites in the Seaport of Boston. The retail portfolio is located within shared towers throughout the Seaport footprint and includes eleven separate buildings comprised of 115+ retailers (approximately 650,000 SF of retail throughout the district). The retail footprint will continue to grow over the next few years. This position will work closely with the Senior Property Manager, Chief Engineer, and Facilities team and will oversee two Assistant Property Managers and a Property Coordinator. This role will report to the Senior Property Manager - Seaport with frequent interaction with the Director of Property Management - Seaport and other interdisciplinary team members.
The successful candidate should be prepared to assume a portfolio of existing retail tenants to include restaurant, fitness, entertainment, and dry goods retailers. The position will oversee two Assistant Property Managers and a Property Coordinator dedicated to the retail portfolio. This individual will play a key role in creating and executing operational best practices that can be used to improve efficiency in the portfolio.
Key Position Responsibilities
- Manage daily operations of retail properties, ensuring they are safe, clean, and functional.
- Coordinate maintenance, repairs, and capital improvement projects with vendors, contractors, and internal facilities/engineering teams
- Develop and maintain familiarity with leases to ensure an in-depth knowledge of provisions, services/additional services, expenses, tenants' use, and landlord obligations
- Provide best-in-class customer service by developing strong relationships with tenant contact; ensure tenant satisfaction through a proactive communication and management approach
- Prepare annual budgets and facilitate various aspects of financial management for the property locations, including submitting monthly accruals, budget reforecasts, variances explanations, and other financial reporting as required
- Manage and mentor Property Management staff. Provide support to develop their knowledge of retail property management for future growth; routinely assess performance and conduct reviews
- Liaise with multiple external third-party management teams to facilitate co-ownership relationships for the mixed-use assets
- The existing Seaport retail footprint primarily occupies the first to third floors of residential and office towers
- This position will serve as the primary point of contact for these partnerships with a wide range of responsibilities, including coordination of day-to-day management and construction, review and analysis of monthly reports and financials, and review of annual budgets and reconciliations
- Collaborate closely with the construction and development teams to ensure proper coordination of ongoing tenant construction projects and adherence to building rules and regulations
Requirements
- 4+ years of property management experience, ideally in retail or commercial real estate including 1-2+ years of people management experience
- Strong knowledge of building operations, lease administration, financial report and analysis
- Ability to lead financials across multiple assets required, including general ledger review, accruals, and variance reporting
- Familiarity with retail lease agreements strongly preferred
- Proficiency with property management software, financial systems, and Microsoft Office Suite
- Capital project experience strongly preferred
- Excellent communication, negotiation, and relationship-building skills
- Ability to multitask, prioritize, and manage time effectively in a fast-paced environment
- Tenant construction experience a plus
- Exposure to condominium arrangements a plus
- Bachelor’s degree in real estate, Business, Finance, or a related field preferred
About WS Development
Massachusetts-based WS Development is a mixed-use developer with a singular mission: creating places people want to be. With an approach that values art, science, innovation and, above all else, people, WS strives to engage each community it serves with best-in-class experiences, designed with our customers, tenants and partners in mind. Established in 1990, WS is one of few vertically-integrated real estate companies that conceptualizes, owns, operates and leases more than 100 properties that range from cutting-edge urban spaces to lifestyle and community centers. With over 22 million square feet of existing space and an additional nine million square feet under development, it is one of the largest privately-owned development firms in the country.
WS is where great ideas and great people come together to design, build, and operate some of the best loved real estate projects in the country. We live at the intersection of entrepreneurship and establishment. We have the infrastructure of decades supporting a culture of free-thinking excellence.
We expect every WS employee to feel welcomed and valued irrespective of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, marital status, parental status, cultural background, and life experiences. Or for any other reason.