Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates has committed more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet.
Bedrock is leading Detroit’s building boom with the city’s largest and most ambitious projects. These projects meet an increasing demand for Class A office space and modern living options in a growing and technology-centric urban core, with an emphasis on ground-level activation and increased walkability. In the next five years, Bedrock plans to deliver 3,500 new residential units to the market; from City Modern, an 8.4-acre neighborhood where residents can age in place; to 28Grand, where residents use the city as their living room; to the Hudson’s project, which will soon be home to Detroit’s tallest building and most landmark address.
Our Core Values: Independently Driven | Never Satisfied | Relentless Commitment to Service
At Bedrock, we create unique experiences through real estate! From your experience each day at the workplace to the experience we create for those who live, work, and play in our spaces, we are focused on making a lasting impression through our properties and developments. We are looking for team members that want to make an impact in the fast-paced world of real estate, management and development and who want to be a part of a team who is changing the landscape in the cities where we work. At Bedrock, you will be a part of an inspirational, energy-filled environment. Come join the momentum!
The Director of Retail Leasing will contribute to the development of objectives and strategy for the retail leasing team. The Director will be a key contributor to the team, executing the majority of local and regional deals while leading a team of retail leasing associates.
Work alongside the VP of Retail Leasing to contribute to the development of retail leasing strategies and objectives in line with Bedrock’s strategic vision and planned growth
Lead and support Bedrock’s retail leasing process across the entire portfolio
Participate in the creation and implementation of the annual retail merchandising strategy
Work with the VP of Retail Leasing to create and manage the retail leasing budget and participate in establishing annual market leasing assumptions
Assess performance against budgets regularly with leadership to ensure successful lease transactions and return on investment
Lead complex/high profile negotiations of retail lease agreements, including LOI’s (Letters of Intent), leases, renewals, and broker agreements and ensure accurate and timely execution of lease details
Lead leasing associates in negotiations of retail lease agreements, including LOI’s, leases, renewals, and broker agreements, to ensure accurate and timely execution of lease details
Evaluate value-added opportunities through upgrading tenant mix and/or repositioning commercial space within the portfolio
Provide input, as requested, from a leasing perspective on proposed retail developments and acquisitions
Collaborate with internal Bedrock teams, including acquisitions, communications, construction, development, finance, legal, marketing, property management, technology and tenant experience to ensure seamless execution of company initiatives that have a retail leasing component
Cultivate and foster relationships with local, regional, and national companies and brokers to establish a professional network and create new leasing opportunities
Maintain a strong knowledge base of the local market, including potential competition
Remain at the forefront of industry trends, including the newest retail concepts
Other duties as assigned
Drive the culture: Communicates the culture’s value to team members and holds them accountable for living it every day
Develop People: Set clear expectations, deliver timely and effective feedback, and encourage team members to develop their talents
Build Trust: Demonstrate a high degree of integrity by honoring commitments, telling the truth and respecting confidentiality appropriately
Think Strategically: Clearly understand the business, lead the team through the problem-solving process and work on the business, not just in the business
Communicate Effectively: Recognize how words, tone and physiology impact results, then adapt accordingly to gain buy-in and alignment for the team’s and organization’s vision
Bachelor’s degree or equivalent education, training, and experience; Advanced degree in a specific functional or technical area of responsibility is preferred
Approximately 10 years of retail leasing experience required
Approximately 3 years of experience in a leadership role required
Michigan real estate license required
Deep understanding of the deal process from start to finish
Ability to manage multiple projects with input from a range of stakeholders with accuracy and speed under time-sensitive deadlines
Ability to make sound and reasonable decisions
Demonstration of integrity, ingenuity, and inventiveness in the performance of assigned tasks
Travel as needed to meet with prospective and current tenants as well as visit owned assets and attend industry conferences
Who We Are
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties, including new construction of ground-up developments in downtown Detroit and Cleveland totaling more than 18 million square feet.
Bedrock’s real estate portfolio consists of more than 200 office tenants and more than 120 retailers and restaurants in Detroit’s technology-centric downtown including Microsoft, Rocket Mortgage, LinkedIn, StockX, Ally Bank’s national headquarters, Fifth Third Bank’s regional headquarters, WeWork, Madewell, Under Armour, Shake Shack and countless others.
Bedrock is currently developing four transformational projects, including the Hudson’s Site, Monroe Blocks, Book Tower renovation and One Campus Martius expansion. Bedrock is also undertaking construction of City Modern, a community development in Detroit’s Brush Park neighborhood. Partnering with Detroit-based Shinola, Bedrock developed the world’s first Shinola Hotel on Woodward Avenue, which opened in early 2019.
Bedrock is dedicated to creating jobs for Detroiters and investing in job training. Over the last year, the company has invested in both the Randolph Career Technical Center and the Breithaupt Career and Technical Center to build a pipeline of talent for Detroit’s growing economy.
Creating unique experiences through real estate is Bedrock’s mission. To make this a reality, Bedrock and its affiliates continuously invest in significant public art installations and placemaking initiatives throughout the city.
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.
We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.