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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 primary purpose of the Real Estate Acquisitions Manager is to drive and manage strategic growth to support retail, corporate and supply chain locations within an assigned organizational region. Competence in lease and purchase procurement of real estate from strategic site selection thru closing. Manage existing stores within an assigned organizational region by executing lease renegotiation using break-even-analysis, modeling and market insights to reduce occupancy costs

What you will do

• Process management of Real Estate to execute strategy to determine the optimal deployment into new markets for key optimal market coverage to compliment the current Lowe’s locations, in coordination with Operations, Market Insights, Engineering and Construction, Facilities and Legal business partners. Real Estate Project Manager, for each project within assigned region, manages outside consultants, commercial brokers and attorneys through the entire process. Project budgets can range from $10MM to $40MM in Cap X.

• Support Corporate Facilities with needs for office space for Regional offices or store support facilities. Identify all relocation possibilities for each regional office, while reducing annual occupancy expenses at each office. The Real Estate Manager will manage the real estate process from site selection, deal negotiation, REC approval and final document negotiation. Ensure all business partners are involved in process to insure full support. Each Real Estate Manger will work directly with the Regional Vice President of each region and the Corporate Facilities Vice President.

• Manage Process of Lowe’s Supply Chain Real Estate in a region for optimal deployment of new distribution facilities that will support Lowes growth of its supply chain network. Responsible for Project Management of each location from Site Selection through lease negotiation, execution and renegotiation. Manage all activities of outside commercial brokers. Annual Rent budgets at each location, typically exceed $4-5MM.

• Build and promote strategic partnerships within the commercial real estate industry, in office, retail and industrial disciplines, among landlords, developers, and commercial brokers

• Conduct site tours for operations and Senior Management review of potential sites.

• Manage and prepare all REC/CAC documents for executive committee review of all new locations for retail and non-retail locations. Coordinate with all business partners to get all relevant information in for review as it relates to each location.

• Manage the real estate process for the Lowe’s Pro Supply Headquarter business for expansion of branches to a national presence in the US. Work with the business and Lowes Market Insight team to identify future markets/sites for expansion. Manage outside brokers. Negotiate real estate terms from onset through lease execution.

• Ensure that every real estate transaction meets Lowe’s financial guardrails and Internal Rate of Return, all operational needs and is fully vetted with all relevant business partners.

• Individual Contributor

Required Qualifications

• Bachelor's Degree Preferably in Business Administration, Real Estate, Engineering, Architecture, or Construction and 5-7 Years Commercial property management or related experience, preferably with multiple retail and/or big-box sites, office real estate and Industrial Supply Chain experience

• 5-7 Years Experience in managing negotiations of occupancy costs for 100 + sites

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 .

Pay Range for CA, CO, HI, NJ, NY, DC, IL, WA: $95,500.00 - $159,200.00 annually

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 (https://talent.lowes.com/us/en/benefits) .

Lowe's hourly remote associates cannot reside in Alaska, California or Hawaii. Lowe's salaried remote associates cannot reside in Alaska or Hawaii.

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.

Pay Range for CA, CO, HI, NJ, NY, DC, IL, WA: $95,500.00 - $159,200.00 annually 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 https://talent.lowes.com/us/en/benefits.