Now Hiring - Waterstone Properties Group - Professional Services Lease Associate in Needham Heights, MA

Full description of the position

Waterstone Properties Group, Inc. is a privately owned real estate development company founded in 2005 with a diverse portfolio of properties in the United States totaling over 7 million square feet of space among more than 50 properties. We specialize in the creation of retail shopping centers, mixed-use properties, corporate headquarters, and campuses, in addition to specialized medical facilities.

Waterstone, headquartered in Needham, Massachusetts, specializes in all facets of the business including development, acquisitions, leasing, tenant coordination, property management, marketing, treasury, and finance.

Waterstone Properties Group is seeking a self-motivated, detail-oriented problem solver to join its Needham, MA office as a Lease Associate. The individual will be involved with the processing of commercial leases and working closely with the SVP of Leasing.

Interested applicants are encouraged to send a cover letter, resume, and compensation expectations to [please apply online]. Waterstone is an Equal Opportunity Employer. More information about Waterstone Properties Group is available at www. [please apply online] Associate:

Specific Responsibilities:

Manage a portfolio of leases, identifying prospective tenants, cold calling, canvassing, and engaging with local business to add to our portfolio. Involved in tracking lease expirations, renewal options, and other lease-related obligations.

• Abstract critical lease terms, including recovery clauses, for new Leases, Lease Amendments, Lease Terminations,
• Thoroughly understand and continually reassess characteristics of assigned properties, including physical condition, demographic composition, market rental rates, co-tenancy, trade area competition and traffic patterns.
• Compile and use data to target, attract and finalize leases with appropriate tenants by convincingly presenting benefits of Waterstone’s properties, maintaining credibility, and understanding and matching tenant requirements.
• Research, analyze and make recommendations concerning prospective tenants.
• Gathering data in preparation for all new leases, renewals and rent resets. Structure deals, create and submit proposals in VTS and manage versions.
• Assist asset management with collecting and processing all lease documents and serve as a resource throughout the lease negotiation process.
• Update the View the Space (VTS) platform on a regular basis and provide regular update entries for leasing related deals.
• Keep lease expiration reporting updated on VTS on a regular basis.
• Collect and present market data and comps.

Desired Qualifications:

• Ability to prepare market analysis, define rental rates, and determine ideal tenant mix.
• Requires very strong and professional verbal and written communication skills. Self-driven with the ability to problem solve independently.
• Ability to draft and write detailed notes, and communications to tenants, vendors, and contracted firms to prepare reports and presentations, technical information in a clear and concise manner.
• Must be organized and task-oriented, able to work in a fast-paced, team-oriented environment with multiple deadlines, and adapt readily to changing priorities. Helping to automate processes and workflow.
• Technical expertise - Proficiency in Microsoft Office suite: Word, Excel, PowerPoint, Adobe, Sharefile, Zoom, VTS, and YARDI is a plus. Comfortable with CRM systems.
• Requires excellent people skills and the ability to build and maintain positive, supportive working relationships. (small office environment with close working relationships)
• Experienced negotiator with a minimum of 1 year of sales/leasing experience. Proven negotiating ability as evidenced by quantity and quality of retail leases completed. Established working relationships with national tenant representatives.
• Understanding of the lease document and expertise in originating, negotiating and completing new and renewal leases for in-line and freestanding locations.
• Ability to prepare market analysis, define market rental rates, and determine ideal tenant mix.
• Proven ability to canvass, cold call and qualify prospective regional and local area tenants.
• Possess a desire and necessity to travel and get in front of tenants around the country to drive and expedite deals.

Hours and Benefits:

• Full-time opportunity – 40 hours (8-5 with flexibility)
• Medical, dental, vision, life, and disability insurance
• Competitive salary and opportunities for growth
• Summer Friday early dismissal
• Paid holiday, vacation, sick, and personal time
• Retirement savings plan with Company match
• Ability to work onsite (This is not a remote or hybrid position)

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Vision insurance

Experience level:

• 3 years

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person