What are the responsibilities and job description for the Director, Real Estate position at Cresco Labs?
COMPANY OVERVIEW
Recently named one of Entrepreneur magazine’s Top 100 Cannabis Leaders, Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods (“CPG”) approach to cannabis, Cresco’s house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi and Mindy’s, a line of edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside*, Cresco’s national dispensary brand is a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco has launched the industry’s first national comprehensive Social Equity and Educational Development (SEED) initiative designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry.
MISSION STATEMENT
At Cresco, we aim to lead the nation’s cannabis industry with a focus on regulatory compliance, product consistency, and customer satisfaction. Our operations bring legitimacy to the cannabis industry by acting with the highest level of integrity, strictly adhering to regulations, and promoting the clinical efficacy of cannabis. As Cresco grows, we will operate with the same level of professionalism and precision in each new market we move in to.
JOB SUMMARY
The Director, Real Estate will be responsible for day-to-day management of the Real Estate Department and providing thought leadership in the area of real estate to the broader Cresco organization. The role will have direct oversight of the Property Management, Lease Administration, and Facility Management functions and third-party contractors. The Director will also be responsible to develop and implement real estate best practices, including both day to day and strategic initiatives, that enable greater speed and productivity.
CORE JOB DUTIES
- Serves as thought leader and point of contact in real estate to support the broader Cresco organization. Works with Accounting, Accounts Payable, Finance, Lease Accounting, Treasury, Construction, and other departments.
- Develops and implements processes and tools to make the real estate function more efficient and that enable speed and quality.
- Collaborates with Real Estate Legal team to ensure alignment on matters such as lease renewals, contracts, landlord issues, etc.
- Leads Property Management, providing guidance and direction to internal staff.
- Leads Facility Management, providing guidance and direction to internal staff and external partners.
- Responsible for property database and 3rd party lease administration provider.
- Supports M&A initiatives
- Collaborates with Operations, Construction, Retail, and other functional groups to develop cross-functional alignment and clear roadblocks.
- Measures and reports on results for the real estate team.
- Identifies training, events, conferences to promote Cresco within the real estate community and develop strategic relationships.
- Identifies, retains, and manages outside vendor relationships (brokers, etc) to support execution of real estate strategies.
REQUIRED EXPERIENCE, EDUCATION AND SKILLS
- Bachelor's Degree in Business, Real Estate, or related discipline
- (10) years of experience either working with an internal or outsourced real estate department.
- Strong working knowledge of commercial leases and lease administration, commercial property/facilities management, and real estate transactions.
- 5 or more years of people and team management required
- Advanced knowledge of Microsoft Office products - SharePoint, Excel, Outlook, and PowerPoint
- Strong organization with proven leadership and interpersonal skills
- Ability to perform duties under deadline pressure, in a fast-paced, high volume environment
- Detail oriented and thorough
- Proven record of providing excellent internal and external relationship management skills
- Excellent oral and written communication skills, including presentation skills
COVID-19 REQUIREMENTS
Cresco Labs requires that all corporate employees be fully vaccinated against the COVID-19 virus on or before September 30, 2021. If you are offered and accept a position, you will be required to prove your vaccination status prior to when your employment begins. If you require a medical or religious accommodation with regard to vaccination, please let us know once you receive an offer of employment (if applicable).
ADDITIONAL REQUIREMENTS
- Must be 21 years of age or older to apply
- Must comply with all legal or company regulations for working in the industry
Cresco Labs is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.