Real Estate Specialist

About the role

Burlington Stores is seeking a highly organized and self-driven Real Estate Specialist to provide critical support to our territory-based Real Estate Directors. This role is embedded within the Real Estate team, working closely with Directors to ensure best-in-class execution of real estate transactions. The ideal candidate is expected to be proactive, self-directed, and capable of managing multiple responsibilities independently, including tracking landlord construction schedules, maintaining portfolio databases, and executing special projects.

Responsibilities

• Work closely with assigned Real Estate Directors as a key resource in managing real estate transactions, documentation, schedules, and overall deal activity.
• Provide administrative and self-directed project management support to ensure efficient deal flow and execution throughout the transaction lifecycle.
• Partner directly with Real Estate Directors within the assigned division to manage and track all aspects of the deal lifecycle.
• Maintain frequent communication with external partners, including developers and brokers, to obtain required materials and information and coordinate with internal departments to support deal execution.
• Create and maintain best-in-class retail real estate site selection packages for executive review, ensuring a clear, consistent, accurate, and data-driven presentation of each proposed location and its strategic fit and potential for success. Packages may include:
  • Executive Summary: Concise overview of the opportunity, including location, market potential, and financial highlights.
  • Site Details: Address, square footage, zoning, visibility, access, co-tenancy, parking, and nearby demand drivers.
  • Market & Trade Area Analysis: Demographic and psychographic data, traffic patterns, customer segmentation, and competitive analysis.
  • Sales & Performance Projections: Expected revenue, trade area capture rates, and benchmarking against comparable locations.
  • Financial Model: Lease terms, rent structure, CAM fees, build-out costs, expected ROI, and payback period.
  • Competitive Landscape: Nearby competitors, complementary retailers, and overall market positioning.
  • Risk Assessment: Potential challenges, including economic trends, local regulations, and site constraints, along with mitigation strategies.
  • Visuals & Maps: Aerial site plans, trade area heat maps, traffic flow diagrams, and storefront renderings.
  • Legal & Lease Considerations: Summary of key lease terms, contingencies, and approval timelines.
  • Recommendation & Next Steps: Key takeaways and an actionable framework for executive review and approval.
• Ensure site selection packages are data-driven, visually compelling, and decision-focused, allowing executives to quickly assess the strategic value of each opportunity.
• Independently track and maintain landlord construction schedules, ensuring alignment with Burlington's critical path and project timelines.
• Manage assigned projects based on designated territories and business priorities.
• Proactively identify potential delays, risks, and issues and escalate as appropriate to keep projects on track.
• Monitor open items in real time and during store development meetings, taking the necessary follow-up actions to drive resolution.
• Coordinate with Real Estate Directors and internal cross-functional teams to ensure project milestones, deliverables, and approvals are completed on schedule.
• Assist Real Estate Directors with site plan development for LOI/ELOI packages and participate in select site visits as needed.
• Develop, maintain, and manage real estate tracking databases to monitor key deal metrics, lease terms, expiration dates, project statuses, and other portfolio information.
• Communicate with landlords and brokers to obtain updates and verify information, including survey status and other critical deal milestones.
• Ensure data integrity and accuracy across portfolio tracking systems and provide regular reporting and insights to support real estate decision-making.
• Identify opportunities to improve data organization, reporting, and workflow efficiencies.
• Take ownership of assigned special projects that support the Real Estate team's strategic initiatives, prioritizing work based on team needs and workload.
• Support special projects related to areas such as bankruptcies, portfolio initiatives, and other time-sensitive real estate matters.
• Identify and implement best practices to improve transaction workflows, lease documentation, reporting, and overall team efficiency.
• Assist in streamlining processes related to real estate transactions, approvals, project tracking, and data management.
• Attend regional ICSC shows and participate in site visits with Real Estate Directors and brokers as needed.

Requirements

• Bachelor’s degree in business, Real Estate, or a related field preferred.
• 2-4 years of experience in real estate, construction, lease administration, or a related field.
• Retail or corporate real estate experience preferred.
• Self-driven with the ability to work independently and take initiative.
• Strong organizational and multitasking abilities with a keen attention to detail.
• Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint.
• Experience with real estate database management is preferred.
• Ability to track and manage multiple projects simultaneously.
• Strong written and verbal communication skills.
• Analytical mindset with the ability to create and manage real estate tracking tools and reporting dashboards.
• Ability to work effectively with cross-functional teams, internal stakeholders, and external partners.

Benefits

• Competitive wages and flexible hours.
• Associate discount.
• Medical, dental, and vision coverage including life and disability insurance.
• Paid time off, paid holidays, and a 401(k) plan for full-time associates.
• Training and development opportunities.