Senior Manager of Real Estate at Alo Yoga

Read by 33 job seekers.

Beverly Hills, California, United States

WHY JOIN ALO?

Mindful movement. It’s at the core of why we do what we do at Alo—it’s our calling. Because mindful movement in the studio leads to better living. It changes who yogis are off the mat, making their lives and their communities better. That’s the real meaning of studio-to-street: taking the consciousness from practice on the mat and putting it into practice in life.

OVERVIEW

Alo is one of the most rapidly expanding brands in the world, and in this role, you will play a critical role in growing the brand. Key priorities include:

“Own” a North American territory with responsibility to: build market strategies; source locations; build a pipeline; negotiate LOIs; coordinate with Legal to complete leases; coordinate with the design and construction teams to build our stores; manage and optimize real estate decisions for an existing store portfolio; improve our systems and processes to support growth.
Effectively manage the existing portfolio of stores by being a subject matter expert on strategic management of existing portfolio of stores, including building processes to assess store performance; to evaluate relocation and expansion opportunities; and to efficiently renew strong performers.

RESPONSIBILITIES

Build market plans for major North American markets. Work closely with cross functional partners to build alignment around growth strategy.
Build and maintain a pipeline of stores in your region.
Source new store locations per year. Sourcing includes: site selection; due diligence; negotiating LOIs; developing approval packages and presenting locations at Real Estate Committee; coordinating with Legal on lease negotiation and execution; coordinating with design and construction around planning for new stores.
Source and work with market data including: sales and rent comps, demographic and socioeconomic data, mobile phone data, cotenant and competitor store locations.
Coordinate with finance to ensure stores are added to lease management systems and key dates are flagged.
As the portfolio grows, work with Store Development to manage the North American portfolio management and fleet optimization
Be the real estate contact internally should any issue come up with a store while open and operating that requires landlord partnership.
Up to 50% travel throughout North America, including occasional trips to ALO headquarters.

QUALIFICATIONS

7+ years experience in real estate roles, including at least 5+ years in deal making role for apparel retailers
Track record of executed leases
Managing portfolio (renewals, expansions, closures, etc.)
Sourcing and managing brokers
Successfully working with spatial data and researching and conducting due diligence for sites.
Track record of success while working independently with remote management
Strategic thinker with track record of using data to drive smart decisions
Strong presentation skills to cross functional teams and executives

The base salary range for this position is $145,000.00 - $185,000.00 per year which represents the current range for the base salary for this exempt position. Please note that actual salaries will vary based on factors including but not limited to location, experience, and performance. As such, on occasion and when applicable, there is the possibility that the final, agreed-upon base salary may be outside of the upper end of the range. Please also note the range listed is just one component of the company’s total rewards package for exempt employees. Other rewards may include performance bonuses, long term incentives, a PTO policy, and many other progressive benefits.

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Estimated Salary range:

Our salary intelligence, powered by our AI algorithms, has calculated an estimated range for this position between $110,000 - $130,000 . Please note that the actual salary for this position may vary, as it is dependent on various factors including but not limited to experience, location, and market dynamics.

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