Listing Details


 

Qualified candidates contact: Christina Smith - christina@kelleraugusta.com / 617-875-3378

Director, Development & Construction

Boston, MA

JOB DESCRIPTION

 

Client Overview

Founded in 2014, our client is a Boston-based real estate investment manager focused on acquiring, financing and managing high-quality industrial real estate assets in supply-constrained markets along the east coast.  The firm invests on behalf of institutional and high net worth investors and has been one of the most active buyers of infill industrial properties in select markets, having acquired more than five million square feet and 50+ buildings to date.

In late 2019, the firm formed a programmatic joint venture with one of the top private equity real estate firms in the country to execute a strategy of infill industrial aggregation. Since its formation the partnership has closed and/or has under contract more than 35 transactions totaling over 4.7 million square feet, deploying more than $850 million of capital.   

Position Overview

The Director will oversee both ground-up and redevelopment projects across a 5 million square-foot portfolio. Specific responsibilities include: 

  • As the owner’s representative, maintain communication and interface with all relevant parties including firm principals, development teams, and the institutional equity partner.
  • Manage tenant build out activities and redevelopment projects on existing assets. Work with leasing personnel as needed to provide tenant work exhibits, budgets, and schedule information. Review all tenant work construction for compliance.
  • Provide design/construction support to the deal team in managing all aspects of project development including site feasibility, zoning/land use, entitlement process, design, constructability analysis, and leasing. Review plans and specifications to assure a complete scope of construction is captured and identified.
  • Manage RFP process to assemble project teams. Award and negotiate contracts.
  • Review due diligence reports from consultants (land use/zoning, environmental, geotechnical, etc).
  • Manage design professionals (civil, architect, etc.) and drive the development of necessary materials for every stage of the process from initial conceptual layouts to construction drawings and specifications.
  • Develop comprehensive critical path schedules for development projects. Review the general contractor’s project schedule for logic and accuracy and oversee adherence throughout construction.
  • Establish comprehensive project budgets in conjunction with project team and identify strategies to ensure development budget is achieved. Finalize construction budget with general contractor and track ongoing project financial performance.
  • Oversee project cost control; review and negotiate change orders and monthly requisitions. Provide regular project reports to ownership and investor partners and interact with construction lenders.
  • Perform due diligence assessments on potential new acquisitions.
  • Partner with senior management and interact extensively with the real estate community.

Qualifications

  • 8+years of direct real estate experience in development management, construction management, architectural, and/or engineering background is preferred.  Industrial experience is a plus.
  • Demonstrated success with full cycle project management
  • Excellent written and oral communication skills
  • Ability to use discretion and a high level of professionalism
  • Critical thinking
  • Must be able to multi-task and prioritize duties