Land Associate

The Associate will play a critical role in assisting the Energy & Land team in the acquisition of land for the development of new data center campuses through evaluating, underwriting and executing new site acquisitions. Activities will include market analysis, site review, risk identification, land diligence, business development and assisting in commercial negotiations and various predevelopment activities. Additionally, the Energy & Land – Associate coordinates the project management of multiple data center campuses alongside the Land Acquisition, Power, Investment, Legal, Sales, Design/Engineering and Construction teams.

Responsibilities:

Market Analysis

• Actively participate in market intelligence gathering and strategy development as part of the larger Energy + Land strategy
• Maintain database of owned, controlled and under evaluation projects, land and transaction comps and overall market intelligence

Transaction Evaluation & Execution

• Thorough site review and risk identification which may include assessing market, regulatory, customer, power, natural gas, fiber, zoning, wetlands, environmental, utility, planning and adjacent land risks
• Utilize tools such as datacenterHawk, Land id, CoStar and Enverus to drive successful identification and acquisition of land
• Establish budgets for predevelopment scope activities, including vendor contract and change order management
• Facilitate the land diligence process and coordinate with all technical advisors and external vendors including environmental, noise and air studies, architects, civil, geotech, power and natural gas investigation, regulatory review and legal
• Review due diligence documents and vendor deliverables; recommend appropriate course of action in response to issues raised
• Assist with coordination of and review of tax and other development incentives
• Work with Power and Energy Teams to verify power availability and timeline thus utilizing such information to evaluate and prioritize land opportunities
• Assist the team in maintaining business relationships with brokers, communities, economic development organizations, government organizations, developers, etc.
• Assist the team in coordination of, development of, and execution of business terms and conditions related to Letters of Intent, Purchase and Sale Agreements, Powered Shell Purchases and Leases and Joint Venture Agreements to ensure development and financial success of land acquisitions
• Assist Investment team with preliminary project underwriting financial modeling
• Business development for new land site opportunities; ability to create and influence opportunities to drive successful execution of opportunities
• Effectively coordinate the activities through the land acquisition process with internal and external team members to ensure cost effective and timely delivery of projects across the development framework

Project Management

• Responsible for coordinating multiple site selections/projects in various stages of the development continuum. Ensuring that assigned workflow is being achieved and that tasks and milestones are being reached in a timely fashion
• Facilitates cross-departmental collaboration from project initiation, closing, and securing pre-construction entitlements and approvals
• Manage and retain project information to facilitate a smooth handoff to engineering and construction teams

Senior Management Team and Sponsor Reporting

• Preparation of capital committee presentations
• Participates in and supports executive presentations

Minimum Qualifications

• Requires 4-year degree; preference is for business, finance, real estate, economics or related field
• Requires a minimum of 2 years’ experience in real estate investment/development, site selection or related real estate or investment experience
• Strong understanding of real estate, valuation, capital markets and deal structuring
• Highly analytical, organized and disciplined with proven time management skills
• Team oriented with the ability to work independently while being driven for success
• Excellent communication (listening, verbal and written), attention to detail and team skills
• All applicants must be able to complete pre-employment onboarding requirements (if selected) which may include any/all of the following: criminal/civil background check, drug screen, and motor vehicle records search, in compliance with any applicable laws and regulations

CyrusOne is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

CyrusOne provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act (ADA) and any other state or local laws. We will respond to requests for reasonable accommodations to assist you in applying for positions at CyrusOne, or to submit a resume.