Portfolio Manager, Real Estate
Location
North Chicago, Illinois, United States
Work type
Onsite
Employment
Full Time
Experience
7-10 years
Compensation
$141.5K - $268.5K per year
Posted
1h ago
Summary and responsibilities
Role overview
Summary
The Portfolio Manager, Real Estate will manage, negotiate, and coordinate complex global commercial real estate transactions, including new leases, acquisitions, and dispositions. This role involves collaborating with internal and external stakeholders, aligning real estate outcomes with business objectives, and preparing strategic recommendations for senior leadership.
Job Description
The Portfolio Manager, Real Estate will report to the Director of Real Estate and will partner with internal / external stakeholders to manage, negotiate, and coordinate complex global commercial real estate transactions, including but not limited to new leases, lease renewals, subleases, expansions, terminations, acquisitions and dispositions.
Responsibilities
Accountability for the successful delivery of real estate projects in the Americas Region or as otherwise assigned.
Collaborate with internal stakeholders, including but not limited to: Global Facility Planning and Engineering, Business Units, Finance, Legal, Risk Management, Tax, Government Affairs to ensure alignment of real estate and planning initiatives.
Align real estate outcomes with business objectives in partnership with internal partners and provide clear guidance to leadership.
Work with external real estate service provider to ensure standardization, consistency and accuracy of deliverables including but not limited to: business case preparation, market survey, tour book, RFP, negotiation tracker, financial analysis, status reports, commission report and close out documentation.
Review/negotiation commercial lease documents.
Execute complex global real estate transactionthat balance cost, flexibility and business needs. Transactions will include acquisitions (new leases, subleases, expansions, renewals, purchases, etc.) as well as dispositions that optimizes maximum value (subleases, buyouts, sales, etc.)
Develop and maintain strong internal relationships with business leaders, cross-functional team leads and third party vendors (Brokers, Landlords, Service Providers, Legal, Risk Management, Tax, etc.)
Track critical dates to ensure ample planning, site selection, negotiations and internal approval timelines are met.
Prepare and present senior leadership level documents that articulate strategic recommendations, financial analyses, and operational impacts to facilitate informed decision-making and organizational alignment.
Assist with merger and acquisitions as needed.
Assist with Lease Administration as needed.
Other real estate departmental activities as assigned.
IL / Lake County attendance required
Qualifications
Bachelors Degree in Real Estate or Finance (MBA preferred)
7 - 10 years of negotiating commercial leases
Proven success in leading real estate transactions in the Americas
Strategic thinker with the ability to translate business needs into actionable real estate plans
Updated 1h ago
Candidate fit
Skills and qualifications
Additional skills
Experience
7-10 years
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
$141.5K - $268.5K per year
Benefits and perks
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
Context on the employer
Company snapshot
Company
AbbVie
Team size
Growing team
Location
North Chicago, Illinois, United States
AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio.
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Portfolio Manager, Real Estate
North Chicago, Illinois, United States • Full Time