JOB DESCRIPTION
The Senior Vice President of Development, Indiana Industrial, is responsible for overseeing all facets of Browning’s development of an existing significant pipeline of industrial projects in Indiana, and for creating a healthy pipeline of new industrial opportunities in Indiana, consistent with Browning’s growth-focused strategic plan. This key leadership role at Browning requires a firm command of market conditions, confidence in forming investment thesis positions, collaborating with all Browning colleagues (development, predevelopment, preconstruction, construction, finance, marketing), managing external engagements with brokers, architects, engineers, joint venture partners, property owners, and local government stakeholders, and successfully delivering and stabilizing large industrial projects in Indiana.
TO BE SUCCESSFUL IN THIS ROLE, YOU WILL:
- Report directly to the Chief Development Officer and lead Browning’s industrial development activities in Indiana.
- Assume responsibility for executing a significant pipeline of industrial projects in Indiana.
- Create a healthy pipeline of new industrial opportunities in Indiana consistent with Browning’s growth-focused strategic plan.
- Responsible for executing and overseeing all facets of the development of Browning’s Indiana industrial projects, including: identifying and prioritizing submarkets; creating investment thesis positions for proposed projects; obtaining Browning Investment Committee approval for targeted pursuits, including finalization of each project proforma; acquiring sites; obtaining all approvals, entitlements and incentives; identifying and engaging third-party service providers, including architects, engineers and brokers; working collaboratively with any joint venture partners; assuring on-time and on-budget project construction and delivery; and the successful leasing and stabilization of each asset.
- Complete necessary due diligence analysis to support the investment thesis regarding feasibility of all projects including project costs, budget, proformas, pursuit costs, and lead the internal deal approval process.
- Work with the Chief Development Officer to grow Browning’s industrial development team consistent with the company’s strategic plan, including hiring one or more direct reports focused on development project execution.
- Build and deepen positive relationships with key development stakeholders and organizations, including industrial tenants and potential tenants, brokers, municipal and political leaders, site selection consultants, and economic development leaders.
- Serve as a brand ambassador for Browning and our projects.
- Ensure consistent and timely reporting and communication among all project team members and stakeholders, including the Chief Development Officer, the industrial development team, Investment Committee, Project Review Committee, and Finance and Capital Markets team.
- Responsible for efficient and seamless project handoffs between Browning project teams, including predevelopment, preconstruction, development, marketing, construction, asset management, and property management teams.
- Maintain accurate and up-to-date database of industrial market information for Indiana.
- Lead and participate in appropriate local and national industry trade groups, conferences, and professional organizations.
- Lead and participate in Browning internal committees and task forces, contributing to Browning’s company culture.
EDUCATION/EXPERIENCE:
- A minimum of 10 years of hands‐on real estate development experience is preferred.
- An undergraduate degree in real estate, business, finance, law, engineering, construction, or architecture is preferred. A graduate degree in real estate, business, finance, or law is a plus.
SKILLS AND PERSONAL ATTRIBUTES:
- Deep understanding of the real estate development process, from site selection, entitlement, and the awarding of public incentives through leasing and project stabilization.
- Exceptional financial acumen and experience, including the preparation and analysis of complex financial proformas and the evaluation of risk and return.
- Exceptional communication skills, interpersonal skills, situational awareness, and political acumen.
- Strong analytical skills, problem analysis, project budget monitoring, and project scheduling. Ability to see the big picture.
- Comfortable and skillful negotiator.
- Strong research skills.
- Proven ability to successfully lead large internal and external project teams.
- Proven ability to set personal and project priorities and help maintain complex schedules effectively.
- Team player.
CANDIDATES WILL ALWAYS EXHIBIT BROWNING’S CORE VALUES:
Be Browning: Excellent, Empowered, Respectful, Admirable, and Safe.
Browning grants equal opportunity to all qualified persons without regard to race, color, religion, gender, pregnancy, disability, age, national origin, military service obligations, veteran status, citizenship, sexual orientation, or any other category protected by law. Browning provides equal opportunity in wages, promotions, benefits and all privileges, terms, and conditions of employment.