What are the responsibilities and job description for the Excess Property Manager position at Lowes?
Expand your career possibilities.
Thank you for dedicating your time and talent to Lowe’s. We want to give you more opportunities to learn and grow, so if you find a position you’re interested in below, we encourage you to apply!
Find Your Home to More Possibilities.
Lowe’s is able to offer remote employment of this position in the following states: AL, AR, AZ, CA(salaried roles only), CT, CO, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.
Your Impact
The principal purpose of the Excess Property Manager is to manage the disposition of assigned properties from the Sr manager of the company's excess non- strategic real estate. The Excess Property Manager fulfills the function of this role by marketing, selling, leasing, sub-leasing, or any other method of ensuring the most profitable position for Lowe's while adhering to company values and by relying on direction from the Sr. Excess Manager and the executive team.
What You Will Do
Facilitates the disposition of all assigned company non-strategic excess real estate assets, including but not limited to the marketing, selling, leasing, sub-leasing, etc. within the best interest of the company •Work with internal partners on excess real estate that may fit internal strategic uses, in lieu of leasing or purchasing other property.
Coordinates with all stakeholders, (e.g., Lowe’s Legal, Facilities Management, E&C, Real Estate, Finance, Market Research, Operations, etc.), for the highest ROIC with each sales transaction, while minimizing impact to active store operations.
Preparation of presentations to the REC concerning the excess property portfolio, including applicable recommendations for dispositions.
Partners with Lowe’s legal team for all relevant real estate agreements and property management activities associated with the disposition of excess properties.
Notifies the applicable groups when an excess property or carve out opportunity exists as related to real estate deals, existing stores, closed stores, etc.
Coordinates viewings with brokers, sister store managers, and potential buyers.
Works with outside broker partners, Identifies, and targets potential customers, potential travel to the customer to secure deals.
Possible Travels to soon-to-be-vacated real estate and/or peripheral land sale opportunities to evaluate market conditions in order to establish recommendations for disposition strategy.
Adherence to the corporate financial and capital asset guidelines.
Minimum Requirements:
Bachelor's Degree - Business Administration or Real Estate related field
3-5 years Developing and implementing a commercial real estate marketing and sales program
3-5 years of Commercial Real Estate Experience. Deal making/ property management or sales. Experience can be with a retail company, but not required
Preferred Requirements:
1-2 years of Real Estate Property Sales
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit our benefits page.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Salary : $95,500 - $159,200
