Real Estate Director (Remote, CA, US, 50091945)

Job ID: 285792 Location Name: FSC REMOTE SF/NY/DC -173(USA_0173) Address: FSC, Remote, CA 94105, United States (US) Job Type: Position Type: Regular Job Function: Real Estate/Prop Dev Work Location: RemoteBelong to Something BeautifulAt Sephora, beauty is about feeling seen, valued, and empowered, individually and collectively. It is connecting deeply with others, celebrating diversity and inclusivity, unlocking your potential, and making a difference every day. Together, we belong to something beautiful. Your Role at Sephora:Ready for a career glow up? As Director of Real Estate, you’ll develop and execute Sephora’s real estate strategy across the Southeast region, identifying and securing prime retail locations that support Sephora’s growth. The work you do will impact beauty, as you drive market expansion, negotiate strategic lease agreements, and optimize the performance of Sephora’s retail portfolio. You’ll be part of a team that’s united in beauty, supported by those who are equally passionate about strategic growth, market analysis, and delivering exceptional retail experiences.What You’ll Do:Develop and implement Sephora’s real estate strategy, including identifying and securing new store locationsManage the full real estate pipeline from strategy through execution for new and existing storesIdentify and evaluate potential retail sites using market research, trade area analysis, and competitive landscape insightsNegotiate lease terms, landlord work letters, renewals, relocations, expansions, and store closuresPartner with Legal and internal teams to negotiate and execute real estate agreements and resolve landlord disputesBuild and maintain strong relationships with landlords, brokers, developers, and retail partnersCollaborate cross-functionally with Store Design, Construction, Operations, Finance, and Legal to ensure successful store development projectsPrepare and present site selection and lease recommendations to the Real Estate Committee and senior leadershipManage and optimize the existing real estate portfolio, identifying opportunities for cost savings and revenue enhancementParticipate in annual real estate strategy planning and contribute to the multi-year real estate planTravel as needed to support site selection, negotiations, and market visitsWhat You’ll Bring:7+ years of experience in retail real estate site selection, lease negotiations, and portfolio managementProven ability to negotiate complex business and legal terms for retail leasesStrong financial and demographic analysis skills, including running proformas and interpreting financial resultsEstablished relationships with national and regional developers, landlords, and brokersExperience with mall, power center, lifestyle center, and outlet retail real estateAbility to read and interpret lease agreements and legal documentsStrong communication and presentation skills, with the ability to present recommendations to senior leadershipStrong collaboration skills and ability to work cross-functionally across multiple teamsProficiency in Microsoft Office SuiteBachelor’s degree preferred or equivalent experienceThe ideal candidate will reside in one of the following states: OK, LA, AR, MS, TN, AL, GA, FL, NC or SCWhat You’ll Get: The annual base salary range for this position is $173,400.00 - $212,000.00 The actual base salary offered depends on a variety of factors, which may include, as applicable, the applicant’s qualifications for the position; years of relevant experience; specific and unique skills; level of education attained; certifications or other professional licenses held; other legitimate, non-discriminatory business factors specific to the position; and the geographic location in which the applicant lives and/or from which they will perform the job. Individuals employed in this position may also be eligible to earn bonuses. This job will be posted for a minimum of five days. Caring Community. You’ll collaborate with teammates who are equally passionate about innovating and driving the industry forward – together, united in beauty. Fulfilling Path. Your career transformation starts here, with opportunities that will challenge, stretch and develop your skills. Meaningful Work. As you make an impact on beauty, you’ll feel and see the positive change (consumer, industry, and social) that your individual voice is a part of. Rewards as Unique as You:Some benefits have eligibility requirements and may depend on job classification and length of employment. Health. Choose a healthcare plan to fit you and your family’s needs with medical, dental, and vision coverage. Sephora also fully covers our employees’ disability and life insurance. Wealth. We offer a competitive 401k with 4% match as well as FSA and HSA programs. We also offer a Student Debt Retirement plan, where your student loan payments qualify to earn the 401k match from Sephora. Balance. You’ll be empowered to find the perfect blend of work/life balance that actually w