VP – Market Officer

Prologis, Inc. is the global leader in logistics real estate. In partnership with our customers and our communities, we develop modern, high-quality properties that set the standard for innovative building design and sustainability. Prologis owns or has investments in properties and development projects of ~1.2 billion square feet in 19 countries and enables 2.8% of the world’s GDP. We have committed to achieve net zero emissions by 2040. Beyond real estate, our Essentials platform optimizes the company’s global asset portfolio to provide our customers solutions that address today’s warehouse and shipping challenges. Prologis Ventures invests in logistics innovation and technology companies to modernize supply chains worldwide.

Job Title:

VP, Market Officer

Company:

Prologis

VP, Marker Officer – Baltimore/DC

A day in the life

The VP, Market Officer is the local market leader responsible for a portfolio of 19 million square feet of prime logistics real estate spread across 150 buildings. The role is based in Columbia, MD and has responsibility for all operational aspects and P&L of the portfolio including market strategy, leasing marketing, property management, and operations construction teams.  The Market Officer will also have a strong partnership with the Capital Deployment, Development, Data Center, and Entitlement teams to ensure the successful execution of acquisitions and developments.

Key responsibilities include:

• Lead, support, and manage a 20 person customer experience team, creating an inspirational and motivating environment.
• Build, communicate, supervise, and execute the vision, strategy, KPI’s, and annual business plan, for the market.
• Develop and execute real estate strategies and transactions that support Prologis core business, plans, and objectives, as well as growing ancillary revenue streams.
• Establish and grow Prologis’ position as an industry leader within the Mid-Atlantic region.
• Report on market trends, maintaining a strong working knowledge and understanding of market data (lease and sale comps/absorption numbers/under construction figures along with all relevant historical statistics).
• Be on the forefront of developments within the market and industry. Assess market opportunities, capabilities, and competitive threats.
• Financial Performance – Responsible for meeting the financial goals and expense management for the market.
• Prepare short- and long-term strategic plans, priorities, objectives and the annual budget.
• Effectively understand and lead all aspects of financial accounting and reporting, identifying monthly trends and re-forecasting as indicated.
• Partner with the Capital Deployment team to support and actively participate in the acquisition and development of new assets.
• Develop and strengthen relationships with customers, brokers, communities, consultants, planners and other governmental/regulatory authorities.

Building blocks for success

Required:

• 10+ years of progressive and relative work experience, or equivalent combination of education and experience.
• Demonstrated leadership skills leading, developing, and mentoring a results-oriented team.
• Lease transaction management experience.
• Strong knowledge and understanding of all facets of asset and property management, leasing, brokerage, marketing, and financial reporting.
• Critical thinker with a curiosity around lean management and continuous improvement, and a desire to listen, collaborate, leverage data, and find ways to improve upon the way we work.
• Strong analytical skills, including financial modeling and forecasting with an aptitude for translating quantitative and qualitative data into impactful items and for making recommendations to executives that impact the line of business.
• High level of attention to detail, the ability to work independently, prioritize, and work in a constantly evolving environment.
• Ability to tackle sophisticated problems and take care of a variety of options in complex situations.
• Strong customer focus with excellent social skills (both verbal and written).
• Ability to successfully respond to critical issues, complex inquiries or complaints from clients, co-workers, supervisor and/or management.
• Create, communicate, monitor and execute the vision, strategy, business plan, budget and policies for the assigned market.
• Effectively understand and oversee financial accounting and reporting, identifying monthly trends, market rents, and regular forecasting as necessary.
• Commercial mindset-competitive drive and focus on bottom line results.
• Must have a current Real Estate sales license in the State of Maryland and Virginia or be able to obtain a license within six months of commencing employment. Please note that the company will cover relevant, associated costs and will consider the reasonable time spent acquiring the license as part of work hours

Preferred:

• Bachelor’s degree from a four-year college or university

Hiring Salary Range of $189,000 - $260,000 . Salary and whole compensation package (bonus target & LTI (Long Term Incentives) to be determined by the candidate’s location, education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

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People First

Each of us working at Prologis plays an essential role in the enduring success of our company. We value people who are decisive, courageous and adaptable. While we are one company, locations and departments operate with autonomy and accountability. Individuals take the initiative here.

When you join Prologis, you work shoulder to shoulder with some of the top talent in the industry to do the best work of your career. Every employee belongs. Every employee contributes. Employees advance their careers here.

As a successful global enterprise, Prologis has never lost sight of what matters most, our strong belief that our people are the most important part of our business. And because of that, we provide a generous total rewards package and take a lot of time to focus on quality management and leadership development. People come first here.

All full-time roles in the US come with a robust benefits package which includes healthcare, dental, and vision insurance for employees and eligible dependents. Prologis also offers several other wellness, financial, and work/lifestyle-specific benefits. Our 401(k) retirement plan has a company match of 50% up to 12% of eligible compensation. We also offer generous PTO with a starting accrual of 22 days a year in addition to paid holidays and volunteer time. 

All job offers are contingent upon successful completion of background verification. Prologis is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration for employment without regard to race, color, religions, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by law.

Employment Type:

Full time

Location:

Columbia, Maryland

Additional Locations: