Real Estate Transaction Manager
Description
Position Summary
The Real Estate Transaction Manager manages Pike's real estate transactions from the initial space request through lease execution and ongoing administration. This role serves Pike business units as their primary point of contact for leasing activity, works with outside brokers, landlords and legal counsel, and keeps the real estate portfolio data accurate and ready for reporting. The Transaction Manager works independently on most deals and escalates complex or strategic matters to the Senior Director of Real Estate. This is a fully on-site role in our Uptown Charlotte, NC office.
Essential Functions:
Transaction Management
Manage lease transactions end to end, including new leases, renewals, expansions, contractions, amendments, subleases, assignments and terminations.
Prepare and negotiate letters of intent, proposals and lease business terms in line with each business unit's needs and Pike's goals.
Analyze and compare proposals, including net effective rent, total occupancy cost and lease-versus-alternative scenarios.
Coordinate lease drafts and amendments with Legal and confirm that agreed business terms are reflected in the final documents.
Track lease critical dates, including expirations, renewal and termination notice deadlines and rent escalations, and act on them well ahead of time.
Stakeholder and Broker Management
Engage and manage outside brokers, landlords, attorneys and other third-party providers as needed.
Give regular transaction status updates to the Senior Director of Real Estate and business unit leaders by email, in meetings and on calls.
Portfolio Administration and Reporting
Update the real estate portfolio database, including locations, square footage, seats, lease terms and occupancy costs.
Prepare data, Excel analyses and PowerPoint materials for the quarterly business review and other leadership reporting.
Work with Accounting and Risk on lease accounting inputs, insurance requirements, security deposits and landlord documentation.
Keep complete, organized lease files and transaction records.
Workplace Planning and Process Improvement
Support space planning and workplace initiatives that reduce vacancy, wasted rent and capital spend, and identify consolidation or disposition opportunities.
Document transaction processes and maintain templates, checklists and standard workflows that improve consistency and speed.
Minimum Requirements:
3+ years of commercial real estate transactions on the corporate, brokerage or landlord side.
4-year degree in business, real estate, or finance.
A valid North Carolina real estate broker license, or agreement to obtain one within a defined period after hire.
Working knowledge of commercial lease structures, lease terms and negotiation practices.
Strong Excel skills for financial analysis, and proficiency with PowerPoint and Word.
Excellent written and verbal communication, and the ability to manage several transactions at once while meeting deadlines.
High attention to detail and quality across all deliverables.
Preferred Qualifications:
Experience with lease administration or CRE software and with CoStar or similar market data tools.
Professional real estate designation, such as CCIM.
Experience supporting a multi-business-unit or multi-site corporate portfolio.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand; walk; use hands and fingers to handle, feel, or operate objects, tools or controls; reach with hands and arms.
Work Environment:
While performing the duties of this job, the employee is not substantially exposed to adverse environmental conditions (such as in typical office or administrative work). This role will require periodic travel to Pike locations and markets for site visits, tours and meetings.
Our Benefits:
Medical, dental and vision insurance
HSA, dependent care and medical flexible spending accounts
Employee Assistance Program (EAP)
401(k) with company match
Life insurance, and short-term and long-term disability
Paid time off, paid holidays, and family and medical leave
If this sounds like you, come join the PIKE family.
About Us
Founded in 1945, Pike is a leading provider of construction, repair and engineering services for electric and gas utilities, as well as telecommunications companies with a growing portfolio of turnkey renewable projects. We work with hundreds of utility clients across the country, and we continuously expand our offerings to supply our customers with the ideas, technology, experience, workforce and equipment to perform any job.
"Essential" is the one word that sums up who we are, the work we do and what our people mean to us. Each of our employees plays a critical role in ensuring that infrastructure systems are up and running when people and businesses need them.
Pike is a family-oriented workplace with a strong culture of safety, collaboration, innovation and exceptional customer service.
Equal Employment Opportunity
Pike Enterprises, LLC, is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin and/or status as a protected veteran or individual with a disability