Support Center - Irving

The Real Estate Specialist is responsible for supporting the management of the real estate pipeline process for Michaels. This position will support the North American new store and lease renewal pipeline and processing packages for real estate pipeline meetings and Real Estate Committee. This role coordinates with outside lease administration services providers and internal stakeholders to ensure our store and corporate leases are managed effectively from a contractual, financial, and operational perspective. Responsibilities include processing Lease Actions and capital deals, from planning to initiating and recording final approval and lease documentation, monitoring critical dates, reviewing payment files, and regular reporting.

Major Activities

Manage the Real Estate Committee process, including executive-level presentations and cross-functional alignmentEnsure that key committee decisions are translated into actionable real estate strategiesSupport and recommend best practices on complex ad hoc real estate projects and initiativesCollaborate with external Lease Administration services provider to provide feedback and solutions on escalated issues, coordinating communication with internal teams including Legal, Real Estate, Facilities, Operations, Construction, Finance, and Accounting.Distribute reporting on savings through lease amendments, waivers, reconciliations, cotenancy violations, and tenant allowance reimbursements as well as status of defaults and landlord issues.Work with Deal Makers to support the annual development and documentation of the Portfolio Market Plan across multiple business partners.Generate estimated annual rent budget considering rent, NNN, alternate rent payments, and potential renewals or closures. Review monthly and weekly payment files for errors.Provide oversight to ensure critical dates are closely monitored and track project activities, ensuring adherence to established schedules and deadlines.Validation of abstracted leases and amendments to ensure accuracy and completion. Oversee annual audits.

Other duties as assigned

Minimum Education

Bachelor’s degree or equivalent experience

Minimum Special Certifications or Technical Skills

Understanding of legal writing and interpretation and ability to negotiate & interpret lease documentationPowerPoint, Excel, Word, Outlook, etc.Familiarity with lease administration databases and/or project tracking software

Minimum Type of Experience the Job Requires

2-4 years of professional work experience in lease administration, project management, retail/commercial real estateExperience delegating work and providing feedback

Preferred Education

Bachelor’s degree in accounting, Real Estate, Business, or Legal

Preferred Special Certifications or Technical Skills

CoStar, Oracle, and/or QuickBase experience

Preferred Type of Experience the Job Requires

Related experience within the commercial real estate industry (retail experience preferred)

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc., our purpose is to fuel the joy of creativity and celebration. As the leading destination for creating and celebrating in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com.

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit www.michaels.com.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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