Pollo Tropical · 1 day ago
Director of Real Estate Development
Miami, FL
Full-time
Onsite
Lead/Staff, Director/Executive
5+ years expPollo Tropical is a restaurant chain seeking a Director of Real Estate Development to assist in executing strategic investment and new unit development plans. The role involves managing the company's real estate portfolio, overseeing various leasing activities, and maintaining strong relationships with stakeholders to support restaurant expansion.
Food and Beverage
Responsibilities
Partner with Chief Development Officer for new site approval process and ensure all stakeholders are informed and involved. Obtain and analyze pertinent market and trade area data. Evaluate existing and new restaurant performance. Maintain communications with both internal and external stakeholders (i.e. Finance, Legal, Marketing, Construction, Facilities, Operations, Brokers and Landlords/Developers). Prepare reports and presentations for Chief Development Officer and Real Estate Committee
Maintain strong, strategic alliances with external business partners, including landlords/developers, brokers, vendors, lease administration, franchisees, local governmental authorities, and other related real estate individuals. Interface with construction, restaurant operations, and other internal departments to effectively assist in tracking projects, delivery dates and managing schedules to ensure the timely delivery of new restaurants
Manage all real estate related matters including but not limited to LOIs, leases, estoppels, SNDAs, amendments, notices, real estate tax appeals, recurring and non-recurring lease related expenses needed to support the restaurant portfolio and expansion strategy through strong communication and interaction with legal, finance and accounting departments
Travel to required market areas to visually inspect and evaluate proposed sites, existing restaurants and competitors within trade areas
Support special projects in real estate across the Authentic Restaurant Brands portfolio, as directed by the ARB Chief Development Officer
Qualification
Required
5-8 years of retail real estate transaction or management experience, preferably in the restaurant space
Direct experience in Florida real estate markets, with South Florida experience highly preferred
Bachelor's degree with an emphasis in Business, Real Estate or Finance
Successful experience navigating the landlord/tenant relationship
Proven track record of executing either Landlord or Tenant real estate strategies, pipeline development, preferably Tenant
Follows through with all tasks, assignments and job duties in a timely manner with an ability to multitask in a fast paced environment
Excellent written, verbal, listening skills; outstanding interpersonal skills with an emphasis on building partnerships, managing conflict and negotiating
Exhibits high level of professionalism, honesty, integrity, courtesy and respect both inside and outside the corporation, in all dealings with fellow associates, guests, vendors, or others with whom the corporation conducts business
Excellent organizational, analytical, communication and management skills
Proficient in Excel and ability to calculate mathematical percentages
Understanding of architectural and construction materials and processes; able to read architectural plans and understand Landlord work letters; familiar with lease contracts and key business related provisions; understanding of a P&L statement
Strong collaborative partner and ability to be effective in fast paced, complex business environment Lease/Contract negotiation, review and drafting experience
Regularly interacts with high level Retail Landlord representatives
Interest in F&B operations and real estate development
Fluent in both English and Spanish
Company
Pollo Tropical
Pollo Tropical is a tropical food themed dining restaurant. It is a sub-organization of Fiesta Restaurant Group.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$230MKey Investors
Bain Capital
2024-12-10Debt Financing· $230M
2023-01-01Private Equity
Leadership Team
Ron Curtis
Chief Restaurant Officer
Recent News
2024-12-16
Company data provided by crunchbase