Market Officer - Industrial Acquisitions and Development (Midwest) Company Overview Provident Industrial, a division of Provident Realty Advisors, is a rapidly expanding real estate development platform specializing in high-quality logistics and warehouse facilities. Since 2023, the company has successfully executed over $650 million in industrial developments across the Sunbelt. With a robust capital foundation and a tenant-focused strategic approach, Provident Industrial is committed to delivering best-in-class projects.
Position Overview The Market Officer will be based in the greater Chicago area and responsible for spearheading and executing Provident Industrial's initiatives within the Midwest market, targeting projects in Illinois, Indiana, Ohio, and Minnesota. This role will serve as the primary representative of the company in the region, overseeing all aspects of development, acquisitions, asset management, leasing, and dispositions.
The ideal candidate will own and manage projects from inception through disposition, requiring deep expertise in financial modeling, deal structuring, construction and development, and capital markets to drive successful projects from inception to completion. The Market Officer will report to the Managing Director, playing a pivotal role in expanding Provident Industrial's presence in the Midwest region.
Key Responsibilities Market Leadership & Strategy - Lead and manage the Midwest market, overseeing personnel and strategic growth initiatives for the market.
- Develop and implement the business and investment strategy for the Midwest market.
- Identify, evaluate, and execute new development and acquisition opportunities.
- Build and maintain the Provident brand with brokers, consultants, and industry professionals.
Sourcing & Business Development - Identify and pursue new development opportunities, ensuring alignment with Provident Industrial's strategic goals.
- Cultivate and maintain strong relationships with brokers, property owners, and industry stakeholders to generate deal flow.
- Conduct market research and feasibility studies to assess the viability of potential acquisitions and development sites.
- Drive deal negotiations, underwriting, and transaction execution to secure high-value industrial real estate projects.
Development & Construction - Manage the entitlement, permitting, and construction processes for all industrial projects in the region.
- Collaborate with contractors, architects, engineers, and consultants to ensure projects are delivered on time and within budget.
- Continuously assess and mitigate risks throughout the development and construction lifecycle.
Asset Management - Oversee and implement leasing strategies to maximize occupancy and rental revenue.
- Foster strong relationships with tenants and property management teams to ensure a seamless operational experience.
- Execute and oversee the asset management plan, optimizing financial performance and property value.
Disposition - Develop and execute exit strategies, ensuring assets are positioned for successful sale.
- Engage with brokers and investors to attract interest and competitive bidding.
- Negotiate transaction terms to achieve underwritten financial returns.
- Oversee the closing process, ensuring smooth and efficient execution of transactions.
Qualifications & Experience - 7-10+ years of experience in industrial real estate (development and/or acquisitions preferred).
- Proven ability to source, underwrite, and execute industrial development projects.
- Understanding of the development process, including zoning, entitlements, permitting, and construction.
- Experience and understanding working with complex capital structures, financial modeling, deal structuring, and negotiation.
- Established network of brokers, developers, and industry professionals in the Midwest market.
- Strong negotiation and transaction management skills.
- Bachelor's degree in Real Estate, Finance, Business, or a related field (MBA or Master's in Real Estate is a plus).
Skills & Competencies - Entrepreneurial mindset with the ability to build, lead, expand, and manage a regional market.
- Strong analytical and problem-solving skills, with a results-driven approach.
- Excellent written and verbal communication skills, with the ability to present effectively to investors, partners, and public stakeholders.
- Ability to work independently, managing multiple high-priority projects simultaneously.
- Relentless drive for mastering the craft, demonstrating a curiosity and commitment to deepening expertise in industrial real estate development.
Why Join Provident Industrial? - Industry-leading platform with strong financial backing.
- Opportunity to lead, shape, and grow a major regional market with significant autonomy.
- Competitive compensation package, including performance-based incentives.
- Collaborative, high-performance culture that values innovation and entrepreneurial thinking.
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