New

Director, Real Estate

Hubbell Incorporated
United States, Connecticut, Shelton
40 Waterview Drive (Show on map)
Nov 21, 2024
Job Overview This position partners with business leaders to develop strategies and execute transactions for the acquisition, disposition, relocation, and on-going management of Hubbell Incorporated's global real estate portfolio (owned and leased manufacturing, warehouse, office, and other support facilities). This position also provides project management support, including the coordination of brokers, architects, engineers, and other real estate advisors and has overall responsibility to drive strategic initiatives to deliver continuous improvement. #LI-SL1 A Day In The Life Lead all transactions associated with Hubbell's global real estate portfolio. Vision and Strategy Development: Work with senior leadership to develop and maintain a vision for the real estate program within Hubbell. This involves creating innovative and forward-thinking plans to drive growth and unlock value. Develop, maintain, and communicate a 3-year strategic market plan that aligns with Hubbell's overall strategic plan. Partner with Hubbell business leaders and functional stakeholders to develop strategies for the acquisition, disposition, relocation, and on-going management of Hubbell's global real estate portfolio. Develop and execute a real estate focused acquisition due diligence program. Lead real-estate due diligence activities for applicable acquisition targets. Act as the project lead and single point of contact for all parties involved in Hubbell's real estate transactions. This includes the coordination of brokers, architects, engineers, and other real estate advisors, in the acquisition and relocation of manufacturing, sales, warehouse and support facilities. Partner with Hubbell's attorneys on the drafting and negotiation of real estate documents. Establish, maintain, and communicate robust metrics and KPIs related to the Real Estate Program. Monitor critical dates and coordinate with Hubbell business leaders and functional stakeholders to respond to lease provisions including expirations, early terminations, and purchase options. Manage the real estate management system (Sequentra) used to maintain information on all owned and leased properties. Provide research for leased and owned properties including assessments, market data, building conditions, utilizing public databases and internal documents. Develop and maintain MS Power BI dashboards on Hubbell's real estate portfolio. Lead strategic department initiatives to deliver continuous improvement. What will help you thrive in this role? Bachelor's degree in a relevant field from an accredited college or university is required Minimum of 12 years' experience in corporate or investment real estate Strong knowledge of commercial real estate documents and the leasing process High degree of project management, communication skills, and attention to detail Strong critical thinking and negotiating skills Experience with a real estate management system (such as Sequentra) Proficiency in PC based software including MS Office Suite (Excel, Teams, Outlook, Word, PowerPoint) Master's degree in a related business / real estate field from an accredited college or university is a plus Real estate experience within a national or multinational corporation or industrial industry a plus Cursory knowledge of environmental matters as it relates to real estate is a plus Willingness to travel as needed (less than 25%) Hubbell Incorporated Hubbell creates critical infrastructure solutions that power our customers, communities, people and the planet. Our company is strategically aligned around enabling grid modernization and electrification. As more products plug in to an aging grid, Hubbell solutions enable the transition to a more reliable, resilient and efficient energy infrastructure. Founded in 1888 our innovation has made us a leading global manufacturer of high quality electrical and utility solutions enabling customers to operate critical infrastructure reliably and efficiently. The company operates in two segments. Hubbell Utility Solutions (HUS) enable the grid to conduct, communicate and control energy across utility applications and Hubbell Electrical Solutions (HES) are essential to managing power across a wide range of industries and applications. Our vertical market solutions can be applied to markets including Data Centers, Renewables, Commercial Buildings, Industrial, Telecom and Transportation. Supporting both of our business segments is our corporate and Hubbell Unified Business Solutions teams that provide consistent process, tools technologies across our businesses. We are committed to operating sustainably and ethically while promoting an inclusive and supportive culture for our people to grow and develop in their careers. Our employees proudly work and serve our communities from our headquarters in Shelton, CT, across the United States and around the globe. Hubbell Unified Business Solutions Hubbell Unified Business Services (HUBS) provides corporate shared services to support all businesses across the enterprise. Functional areas include Engineering, Sales, Operations, Marketing, Finance, Legal, IT, Human Resources, Payroll, Environmental Health & Safety, and Compliance. HUBS employees are located around the world. Hubbell Incorporated, its subsidiaries and affiliates, is an EO Employer AA: M/F/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity or any other protected class.