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2 Commercial Lease Administrator Jobs in Piscataway, NJ

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EDGEWOOD PROPERTIES
Piscataway, NJ | Full Time
$54k-77k (estimate)
2 Days Ago
EDGEWOOD PROPERTIES
Piscataway, NJ | Full Time
$55k-79k (estimate)
4 Days Ago
Commercial Lease Administrator
EDGEWOOD PROPERTIES Piscataway, NJ
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$55k-79k (estimate)
Full Time 4 Days Ago
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EDGEWOOD PROPERTIES is Hiring a Commercial Lease Administrator Near Piscataway, NJ

Overview:

Since its founding in 1992, Edgewood Properties has established itself as a leading real estate development and property management company. With corporate headquarters in New Jersey, the company is on a course of growth leading to activities across the nation. Given ongoing construction and development plans, our current apartment portfolio of 5,000 plus units is expected to double in the next couple of years and rise to over 10,000 units in the next five years.

Given our rapid portfolio growth, coupled with ownership's desire to develop and hold rather than sell, the timing is ideal for qualified candidates to come on-board.

We're currently seeking a Commercial Lease Administrato r for our multi-family portfolio of properties, with at least 3 years of industry experience.

Candidate will work full-time in our corporate office located in Piscataway, NJ.

Responsibilities:
  • Responsible for administering a portfolio of leases and the accurate processing of lease obligations, including the abstraction of lease data into a database, and adhering to the compliance procedures of the company.
  • Prepare detailed Lease Summaries for new Leases and update for Amendments, Assignments, Renewals and Extensions.
  • Ensure data integrity of information contained in database application used for tracking all tenant and lease related data; includes critical dates, co-tenancy, exclusive clauses, restricted uses and construction operation and reciprocal easement agreements.
  • Work with Construction, Project Managers and Property Management Teams for Landlord Work, Tenant Fit-Outs and Delivery of Demised Premises; tracking critical dates (delivery/possession/rent commencement/lease expiration), approvals and receipt of required documentation; ensure Landlord Work is completed per Lease and without incurring penalties.
  • Track Renewals and Lease Expirations, update management and Leasing Agents of upcoming expirations, send notices; negotiate and prepare amendments when applicable.
  • Interpret and resolve complex lease issues.
  • Assist Accounting Team with tracking required tenant sales reporting and percentage rent payments.
  • Review Tenant Construction Allowance requests and ensure required documentation is received and in compliance with the leases; process for payment.
  • Track Property and Tenant Insurance requirements and keep current with Certificates of Insurance
  • Ensure accuracy of square footage of all tenants and centers, work with Architects and Leasing Agents on square footage for potential tenants, maintain and update square footage reports.
  • Prepare Estoppels and SNDAs as required per leases and as needed for refinancing and acquisitions
  • Perform due diligence on potential acquisitions
  • Audit Property and Tenant files to ensure accuracy and receipt of all pertinent documents.
Qualifications:
  • At least a 2 year college degree
  • At least 3-5 years Commercial Lease Administration experience
  • Commercial Real Estate landlord side experience and development experience a plus
  • Excellent interpersonal skills, organizational skills and ability to multitask
  • Strong analytical and time management skills
  • Must be proficient in Word and Excel
  • MRI commercial systems and Timberline-Sage knowledge a plus

In return, we offer competitive compensation, along with comprehensive benefits, including medical and dental and vision benefits, life insurance,

a 401(k) with company match and a corporate team environment with opportunity of advancement. Also includes on-site company fitness gym, discounts on housing and home appliances.

For immediate consideration, please apply online at www.edgewoodproperties.com/careers.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

Job Summary

JOB TYPE

Full Time

SALARY

$55k-79k (estimate)

POST DATE

06/28/2024

EXPIRATION DATE

07/14/2024

WEBSITE

edgewoodproperties.com

HEADQUARTERS

FORT MYERS, FL

SIZE

25 - 50

TYPE

Private

CEO

BERNIE GRILL

REVENUE

$10M - $50M

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The following is the career advancement route for Commercial Lease Administrator positions, which can be used as a reference in future career path planning. As a Commercial Lease Administrator, it can be promoted into senior positions as a Leasing Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Lease Administrator. You can explore the career advancement for a Commercial Lease Administrator below and select your interested title to get hiring information.