Burlington Stores

Director, Counsel - Real Estate (Asset Management)

Posted on: 15 Jan 2021

Burlington, NJ

Job Description

LOCATION 1830 Route 130 North Burlington NJ US 08016
Overview

Bring your 3+ years of experience as a retail real estate attorneyto a growing Fortune 500 retail company and certified Great Place to Work! Burlington Stores is a nationally recognized retailer of high quality, branded merchandise at everyday low prices, with over 740 stores in 45 states and Puerto Rico.

As the Director, Counsel Real Estate (Asset Management) , youll support the Companys asset management function,

representing the Company in the negotiation of strategic lease amendments, property management legal issues, facilities and insurance issues, acquisition and disposition of surplus assets, managing subleases and owned properties, and providing legal counsel in connection with all operational matters related to the Companys existing store portfolio .
This role requires a minimum of 3 years of experience negotiating and drafting leases, purchase and sale agreements, ground leases, subleases, easements, covenants, conditions and restrictions, assignments and assumptions, mortgage instruments and collateral documents such as guaranty, recognition and non-disturbance agreements, estoppels and other real estate documents , with an emphasis on anchor and junior anchor retail leasing on a national scale.

Experience with a variety of facilities required, including, without limitation, shopping centers, enclosed and exterior malls, urban locations, strip centers, stand-alone store locations, warehouses and distribution centers. Experience in a large law firm or corporate setting for a major retailer or shopping center REIT is preferred. JD from a highly rated accredited law school is required. Must be a member of a State Bar with the ability to obtain New Jersey in-house certification if not admitted in New Jersey.

Major Duties and Responsibilities include:

* Negotiate and document strategic shopping center lease and asset management agreements and amendments, including coordination with, and inclusion of, internal business partner input. This includes lease and store downsizing amendments, distribution center leases and lease amendments, and property management agreements.

* Collaborate with asset management team to manage available term of existing stores and negotiate lease extensions as necessary to ensure seamless deployment of store relocations; coordinate necessary executive and financial approvals.

* Work with asset management team, property management, facilities, store operations, real estate, lease administration and loss prevention groups to resolve problems with landlords, other tenants, subtenants, lenders, government entities, environmental protection agencies, OSHA and other third parties.

* Negotiate purchase and sale agreements and leases for disposition of surplus property.Deal with banks and other lenders and debt and/or mortgage holders and holders of collateralized obligations. Provide legal advice to the organization and oversee estoppel and SNDA processes and prepare resolutions and forms, and participate in major legal actions.

* Handle all other real estate related legal issues, including issues arising from CAM and tax audits, collection of tenant improvement allowances, transfers of titles and deeds, lease, mortgage and covenant restrictions, construction, mechanics liens, mortgage concerns, eminent domain, condemnation and zoning

* Manage internal and external deal processes for Burlingtons store portfolio of 740+ locations, and drive continuous improvements and scalability in deal processes and execution. Advise Sr. Management on legal risks and recommend practical plans for managing those risks.

* Liaise with other attorneys, outside counsel, government and municipal officials and internal departments

* Support other real estate matters as needed

Burlington is committed to being an employer of choice. We offer a competitive wage and comprehensive benefit package including a generous paid time off plan, a company matched 401(k) and an associate discount. Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work through various social responsibility initiatives. As a growing company, we offer high-performing, motivated associates a variety of professional development and career growth opportunities. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity.

Today's Date 10/8/2020
Posting Number 2020-141300
Location US-NJ-Burlington
Address 1830 Route 130 North
Zip Code 08016
Position Type Regular Full-Time
Career Site Category Corporate
Position Category Legal
Evergreen Yes

Burlington Stores

Burlington, NJ

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

As of February 2, 2019, it operated 661 stores under the Burlington Stores name; 2 Cohoes Fashions stores; 2 Super Baby Depot stores; 9 MJM Designer Shoes stores; and 1 online store in 45 states and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey.

 

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