Job Summary
Anticipated hiring salary is between $113,129 - $133,092 depending on qualifications.
Under the direction of the Sr. Director, NWSA Real Estate, this position is primarily responsible for implementing strategic and tactical aspects of leasing, lease development and property/lease management of Alliance properties that are necessary to the success of the Northwest Seaport Alliance (NWSA/Alliance).
The emphasis of this position is on leasing and property management of Alliance container support and industrial properties located at both the North Harbor (Seattle) and in the South Harbor (Tacoma) and will require flexibility to perform work at both harbors.
This position will concentrate on the industrial side of the portfolio and will include leasing, property management, and other real property asset management responsibilities.
There will be exposure to international container property under the guidance of the Sr. Director, NWSA Real Estate or Senior Real Estate Manager position(s).
Primary Functions
- Lease Development: Real Estate Manager and central point of contact for assigned Container, Container Support and Industrial Properties tenants and customers throughout the entire lease development process including initial contact, lease negotiations, tenant financial analysis and development of final lease document and other related documents such as, but not limited to licenses, hold harmless and use agreements. Work with Commercial and Operations staff to identify, develop, prioritize, and recommend opportunities; plan and execute these strategies.
- Lease Management: Serve as point of contact for tenant and customer concerns and questions with ability to address basic term lease questions and other property management issues. Utilize internal resources: legal, finance, real estate, accounting, project management, environmental and engineering in order to pursue business opportunities and maximize asset utilization to create value, revenue, and profit. Maximize net operating income by managing and controlling operating expenses by managing expenses, negotiating agreements that include appropriate allocation of NWSA vs. tenant responsibility for facility and equipment maintenance and developing cost containment/reduction strategies for the portfolio. Develop and manage annual lease revenue and expense budgets as well as long range forecasts in coordination with Finance department for each property in the portfolio. Analyze and evaluate property appraisals and reports. Recommend changes in use to senior management that potentially produces a higher rate of return.
- Property Management and Customer Care: Serve as a point of contact for assigned tenants of the Alliance portfolio. Primarily Container, Container Support, and Industrial Container Support Tenants. Manage existing assigned Alliance properties on an ongoing basis to maximize return. Facilitate discussions with stakeholders (tenants, staff, and governmental agencies, public) to resolve issues and to retain existing tenant base. Oversee Tenant Improvement Projects and/or Port construction projects by acting as a project manager when assigned or liaison between Engineering, Project Management, Maintenance and/or Contractors and Tenants. Responsible for interpreting all lease provisions including those relating to maintenance/repair responsibility and work as a liaison between Port maintenance and tenants for resolve disputes. Oversee maintenance expectations for overall property as called out in the respective lease documents. Meet regularly with maintenance staff to identify/address maintenance/repair/safety issues and coordinate work on as needed basis. Meet and communicate regularly with Alliance staff to ensure all rents are current, billing disputes and late payments are handled per policy (including charging late fees/penalties) and default notices and unlawful detainer notices are processed when necessary. Under the direction of the Director, Alliance Real Estate, work with local City and County staff on property agreements including street vacations, utility easements and street use agreements.
- Other Duties: Work with Director, NWSA Real Estate, to make Commission Presentations for new leases, lease renewals or lease amendments, as needed. Collaborate with Public Affairs staff on special events, public inquiries, and concerns related to assigned portfolio. Stay current with industry market trends as they apply to the Alliance portfolio of properties to maximize long term value to the Alliance. Stay informed about other Port Authorities and competitors. Convert this understanding of relative comparative advantages into strategic objective recommendations and communicate with NWSA Real Estate team. Support other Commercial, Business Development and Operational projects and duties as assigned.
- Team Participation: Attend regularly scheduled meetings with Commercial/Container Business Development and Container Operations staff to share information and resolve tenant issues. Participate in regular staff meetings and work closely with team to streamline processes, share information, and recommend changes in policies and procedures where appropriate. Attend construction meetings that impact terminal operators, customers and associated customers and tenants to coordinate communications and reduce impacts to terminal operators. Participate in Environmental team meetings that pertain to issues impacting tenants of the Alliance.
Required Education & Experience
Bachelor’s degree in business, real estate, or a related field required. An additional four (4) years of relevant experience may substitute for a bachelor’s degree.
Minimum five (5) years of progressively responsible experience in commercial/industrial real estate leasing and property management and/or commercial real estate development required.
The position is primarily focused on is commercial real estate leasing and property management. Experience in handling the many different property related transactions is the essence of the job ranging from leasing, property management, property encumbrances including, but not limited to, licenses, easements, use agreements and railroad use agreements is required. Experience involving real estate transactional experience related to the maritime business is preferred.
This individual must demonstrate a caring customer service attitude, a strong commitment to operational excellence, and dedication to the organization’s core values: Integrity & Transparency; Excellence; Adaptability; Stewardship; Teamwork & Partnerships; and Health & Safety. NWSA seeks candidates who will embrace and model these values both internally and externally, and who understand what it means to carry out these values in their everyday work. We value individuals who also bring an impeccable work ethic, honesty, and integrity, and who consistently exhibit enthusiasm, energy, and a drive to succeed.
In accordance with the Immigration Control and Reform Act of 1986, all persons offered employment must provide acceptable proof of identity and authorization to work in the United States. Proof will be required prior to employment.
The successful candidate must possess (or obtain within 30 days of employment) a valid driver's license. Candidate must be able to successfully complete a background investigation. Candidate must also be able to obtain/maintain a Transportation Worker Identification Credential (TWIC), which is a program managed by the Department of Homeland Security (DHS). Information on this program can be viewed
here.
THE NORTHWEST SEAPORT ALLIANCE IS COMMITTED TO PROVIDING A WORKPLACE THAT IS FREE FROM ILLEGAL DISCRIMINATION AND HARASSMENT. WE ADHERE TO ALL APPLICABLE STATE AND FEDERAL ANTI-DISCRIMINATION LAWS.
As an employer of choice, the Northwest Seaport Alliance is proud to offer an excellent benefits package. This includes medical, prescription, vision and dental with no out-of-pocket premiums and full coverage for employee, spouse, and all eligible dependents. In addition, the NWSA also offers vacation, twelve paid holidays, sick leave, bereavement leave, paid parental leave, participation in the Washington State Public Employees’ Retirement System (PERS) and a NWSA-funded Voluntary Employee Beneficiary Association (VEBA) account for out-of-pocket health related expenses for employees and their eligible dependents. The NWSA's benefits package is valued between 45%-55% of base salary.
01
Do you have a minimum of a bachelor's degree in business, real estate, or a related field?
02
How many years of experience in leasing and property management of commercial/industrial real estate do you have?
- 0 to less than 2 years
- 2 years to less than 5 years
- 5 years to less than 9 years
- 9 years or more
03
Do you have experience in handling property related transactions ranging from leasing, property management, property encumbrances including, but not limited to, licenses, easements, use agreements and railroad use agreements?
04
Do you have transactional real estate experience related to the maritime business?
