Corporate - Real Estate Manager - Regional in University Park, FL at First Watch

Date Posted: 5/3/2021

Job Snapshot

Job Description

I.\tThe Company

First Watch specializes in award-winning, made-to-order Breakfast, Brunch and Lunch. A recipient of more than 200 “Best Breakfast” and “Best Brunch” accolades, First Watch offers traditional favorites, such as omelets, pancakes, sandwiches and salads, and unique specialty items like the fan favorite Chickichanga®, and Quinoa Power Bowls. First Watch was recognized as one of TripAdvisor’s Best Restaurant Chains for 2019, one of Business Intelligence Group’s Best Places to Work in 2018 and as one of Nation’s Restaurant News’ 2017 Second 100 restaurant brands. First Watch is the largest and fastest-growing daytime-only restaurant concept in the United States with more than 400 restaurants in 32 states and additional units under development as part of the Sarasota, Florida based company’s aggressive growth strategy. For more information, visit

II.\t Job Summary

Manages and supports Real Estate functions relating primarily to new restaurant openings, both in the development of strategic plans and in site selection

III.\t Essential Job Duties and Responsibilities

•Work with the VP of Real Estate to identify targeted trade areas for development by gathering and evaluating market data
•Conduct high-quality trade area reviews in targeted trade areas
•Work with local brokers and developers to procure a targeted number of new restaurant openings and keeping brokers informed of new initiatives and standards related to First Watch real estate
•Build and manage the pipeline of potential sites in specific markets identified for expansion to ensure First Watch meets development strategy.
•Management and updating of Development Market Strategies, including research and data management
•Preparation and the presentation of proposed locations at Real Estate Committee meetings
•Negotiating and reviewing Letters of Intent
•Working with VP and Director of Development to bring all aspects of new restaurant openings together in the designated territory (leasing, scheduling, budgeting)
•Follow deals through the development pipeline and work with legal to ensure timely and successful lease signing.
•Manage lease renewal process for existing locations in-territory, to make lease renewal decisions as well as to evaluate relocation opportunities.
•As required, this position will support and monitor the development process in the existing company and franchise markets.

V.\t Qualifications

•Four (4) college degree in a related field is preferred
•Five years of experience in the Lease Administration/Asset Management field, at least three in a leadership role for a fast-growing company (restaurant industry preferred)
•Three years' experience in negotiating leases and renewals is required.

VI.\tOther Key Qualifications

•Strong strategic background with significant experience in leading the roll-out of programs and systems within an organization
•Strong financial acumen to enable the creation of monthly financial and productivity reporting
•A high level of independent thinking is required
•A solid level of competency in computer skills (Microsoft Office) is required
•Strong interpersonal communication (both written and verbal) skills
•First class relationship management skills
•Display integrity, respect and transparency in interactions with others
•Detail-oriented; strong organizational and time management skills; ability to balance multiple projects simultaneously and shift priorities seamlessly
•Takes ownership of assigned areas
•Bring a hands-on style and ability to prioritize and deliver results in a fast-moving company

Additional Info:
First Watch is an equal opportunity employer. In compliance with the Americans with Disabilities Act, First Watch will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.