Senior Vice President of Development- Industrial

JOB DESCRIPTION
POSITION: Vice President, Development – Industrial (Dallas and Atlanta)

THE COMPANY:
Portman Industrial, LLC., a division of Portman Holdings, LLC, is a key player in the development and value creation of logistics real estate in strategic U.S. markets. Leveraging the Portman Holdings’ development platform, we further diversify our Industrial portfolio of over $1B in owned assets and our pipeline of properties currently under development.

SUMMARY:
As the VP of Development, you will play a crucial role in our growth strategy. Your responsibilities will include formulating the strategy, identifying markets and development sites for the assigned region, and managing assigned project budgets.
This position represents Portman Industrial in aspects of the development process, from site selection, project feasibility, financial analysis, budgeting, and market analysis through entitlements/permitting, design, construction, leasing, and working with PI management on dispositions. As defined by the Managing Director, the role must have primary contact with brokers, landowners, consultants, contractors, and governmental officials. Specifically, the VP will be responsible for the acquisition and development of projects, including but not limited to the following functions:
• Key member of the Portman Industrial team and integral to the culture, strategy, and execution.
• Identify and manage target markets and development projects for the assigned region.

Project Development:
• Conduct in-depth market analysis, current and historical supply, and tenant demand.
• Foster management support for projects; obtain internal spending and project approvals.
• Work with legal teams to negotiate contracts and agreements.
• Oversee, coordinate, and conduct due diligence and closing matters.
• Identify, manage, and maintain relationships with brokers, marketing, contractors, consultants, city/county officials, other governmental entities, economic development entities, and other parties necessary to develop the project by the project plan.
• Define and manage public strategy and maintain city and neighborhood relationships.
• Understand and manage zoning, site plan approval, plat/subdivision, and all aspects of the entitlement process necessary to execute the project; Negotiate and obtain Development Agreements if applicable.
• Establish and manage the project development schedules.
• Define project specifications, site plan, and building design.
• Manage G.C. selection, project pricing, sub-bids, and budget approvals with Ownership and the regional construction lead.
• Analyze and recommend value engineering opportunities.
• Approve Change Orders and oversee close-out.
• Obtain tax abatement and other available incentives, where applicable
• Identify utility capacity, design, permitting process, off-site requirements, and easements.
• Identify access, conduct traffic studies, off-site road improvements, design, costs, bidding requirements, bonding, permitting, easements, and timing/schedule of constructing related on-site and off-site improvements.
• Identify and assist in securing any deposits, bonds, or other financial agreements required to obtain permits to construct and occupy the property.
• Attend weekly job meetings and monitor job progress.
• Review and approve monthly invoices, including project draws, from consultants and vendors; approve and process monthly contractor pay-applications, and monthly draws.
• Collaborate closely with General Contractors and other stakeholders to expedite the punch-list and contract close-out process.
• Work with the Managing Director and within the Portman management teams, as required, to manage projects, including but not limited to communications throughout the project lifecycle and obtaining all necessary approvals (including Portman Investment Committee, legal and capital partners).

Required Skills/Abilities:
• Must act and represent Portman professionally.
• An initiative-taker who works independently with limited oversight and administrative assistance.
• Excellent people skills and a practical (written and verbal) communicator.
• Ability to collaborate and effectively interact with diverse internal and external parties (executives, investors, municipal authorities, tenant representatives, community groups, industry professionals, and brokers.)
• Meticulous in negotiating and preparing documents, budgets, project specifications/plans, presentations, and submittals.
• Proficient with project financials/feasibility analysis.
• An efficient task and project manager who thrives in a challenging environment with multiple deadlines.
• Market-savvy, demonstrating the capacity to assess market trends and adjust strategies, as needed.
• Willingness to travel.

Education and Experience:
• Bachelor’s degree: graduate-level degree preferred.
• 10 years of experience in commercial real estate development and construction of speculative and build-to-suit industrial projects.
• Regional/national experience in site selection, and ground-up development.
• Experience leasing projects is helpful but not required.
• Proven success in an institutional environment with more significant projects ($25 million )

At Portman, we are deeply committed to fostering a workplace and global community where inclusion is not just a value, but a priority. We are proud to be an equal-opportunity employer, dedicated to creating a welcoming and diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, neurodiversity, disability, age, or veteran status, or any other non-merit based or legally protected grounds.
Portman is committed to providing reasonable accommodations to qualified individuals with disabilities in the employment application process. We understand the importance of creating an inclusive and accessible workplace, and we are dedicated to supporting all our employees in their professional journey.