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Walgreen Company

Senior Director - Real Estate (East Geographical Lead)

Walgreen Company - Deerfield, IL

Senior Director - Real Estate (East Geographical Lead)

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Job Ref:







Illinois (IL)

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Job Summary

Responsible for directing, formulating, and managing the development and implementation of programs and activities related to Company retail real estate properties for a complex geographic region (South, East) with internal Real Estate Portfolio Managers and through the Company's external partner(s). Manages external partner'(s) production and reviews all Corporate real estate transactions to assure that interests of the company are protected and projected cost-savings are realized. Makes recommendations to the Real Estate Committee regarding all Corporate real estate transactions and investment and liquidation plans.

Job Responsibilities

Leads, reviews, develops, and recommends the Company's investments in real estate properties through Regional Real Estate Portfolio Managers (REPM's) ; directs the company's external partner in the acquisition, development, and sale or lease of all properties within assigned geography .

Directs the Corporate expansion program, for an assigned region, to include the purchase of facilities and/or property for the addition of new points of care for Drugstore and Specialty Local Rx locations.

Controls and coordinates all Company real estate development projects, and works in cooperation with the team of Regional Real Estate Portfolio Managers (REPM's), Facilities Planning and Design, the Construction and Facilities Management, and the Law Departments to assure timely openings of facilities within budget constraints and in conformance with lease agreements. Resolves problems regarding Company departments, developers, and landlords.

Makes recommendations for the formulation of the strategies and operating plans for highly complex specified region. Implements new and revised marketing penetration plans and procedures to assure optimal return on investment for new and existing locations.

Reviews, approves, and directs the negotiations of all new and existing Company owned and leased properties, based on the corporate expansion program. Provides leadership on difficult real estate negotiations. Reviews and approves all proposed new locations prior to submission to the Real Estate Committee, to include site inspection and review of rental factors. Recommends site plan changes and improvements to rental terms and conditions.

Directs the execution of lease documents for all new retail facilities, and lease extensions and amendments required for existing facilities. Approves lease changes prior to execution. Identifies, analyzes, and recommends the disposition of idle and unused properties. Establishes the effective use of space and disposes of closed drug stores and the most efficient manner possible.

Accountable for budget and execution of development projects within assigned region. Provides input for the preparation of the Capital Budget regarding real estate activities, plans, and programs for assigned region.

Manages special real estate projects to provide Corporate divisions with necessary service and support facilities; and furnishes information, advice, and assistance to Company departments to effectively comply with lease terms.

Maintains effective working relationships with all developers, landlords, and other outside contacts.

Establishes, approves, and coordinates policies and procedures governing the management of all Company owned and leased real estate retail units.

Walgreens, one of the nation's largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., the first global pharmacy-led, health and wellbeing enterprise. More than 10 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,175 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens omnichannel business includes Approximately 400 Walgreens stores offer Healthcare Clinic or other provider retail clinic services.

As the neighborhood drugstore and retailer, our goal is to make health and happiness simpler, easier and within reach. And we remain a trusted wellness provider offering convenient access to important health services, such as immunizations and an array of pharmacy services that can help patients improve their health. To our team members, Walgreens represents a unique opportunity to excel in their careers in a welcoming and inclusive environment. We offer the chance to work in a truly supportive environment, and be a part of a progressive organization dedicated to the well-being of our customers, team members and the communities we all call home.

Basic Qualifications

Bachelor's degree and at least 6 years of experience in commercial real estate negotiation, leasing/sales, development, and property management for a retail organization OR a High School diploma/GED and at least 11 years of experience in commercial real estate negotiation, leasing/sales, development, and property management for a retail organization.

Experience evaluating market and development costs and technical construction methods.

Knowledge of construction plans and methods.

Experience managing project budgets to plan.

Experience with project management (for example: planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives).

At least 5 years of experience planning, developing, and managing departmental expense and capital budgets.

At least 5 years of experience of direct leadership and/or cross functional team leadership

Willing to travel up to 40% of the time for business purposes (within state and out of state).

Preferred Qualifications

Master's degree OR MBA

At least 5 years of experience managing teams in a matrixed environment, managing external resources, and/or developing, motivating, and directing people as they work.

13 days 5 hours ago

Walgreen Company


Senior Director - Real Estate (East Geographical Lead) Walgreen Company - Deerfield, IL, United States


Location: Deerfield, IL

Company Profile:
At Walgreens, we help people get, stay and live well. That’s our core purpose and the difference we make in people’s lives every day. Our purpose has shaped the direction of our company since Charles R. Walgreen Sr. founded his first drugstore in 1901, and it still does today. Our team members make that purpose come to life in our over 7,800 stores in all 50 states, the District of Columbia and Puerto Rico, in our call centers, distribution centers, on-site clinics, specialty pharmacies and corporate offices. In fact, those daily demonstrations of our purpose have helped Walgreens become an industry leader and a household name. Walgreens has something for everyone who wants to build a successful career. Here, you’ll find supportive co-workers, an innovative environment and the tools you need to grow your skills, help build healthy communities and advance your career.