Grace
Vranac
DIRECTOR OF MAJOR ACCOUNTS, REAL ESTATE - CLAIRE’S
With 10+ years of retail real estate experience, representing both Landlords and Retailers, Grace brings a unique perspective to brick & mortar transactions. After spending years navigating the complex world of the ever evolving commercial real estate industry, Grace merges her insider knowledge of what makes both Landlords and Tenants click by identifying how individual components can work together synergistically to bring real estate transactions to life.
Resume
Real Estate Director
PANDORA
September 2022 – Present
*Real Estate Manager from March 2022-September 2022 (Promoted)
Develop and manage real estate strategy to build a store pipeline of 15-20 new store opportunities annually, identify remodel and relocation opportunities while improving lease terms through renewal negotiations.
Manage real estate initiatives and market growth through site selection, analyzation of traffic data and evaluation of cannibalization impact to existing stores
Negotiate leases, partner with construction to establish construction estimates, prepare P&L data for Real Estate Committee with sales projections to solidify real estate strategy.
Leasing Director
SITE Centers Corp (previously DDR Corp.)
August 2017 - October 2019
Managed over $43 million of revenue generating assets consisting of 3+ million square feet in TX, KS and MO
Developed and executed creative leasing strategies through negotiating new leases, renewals and assignments to increase occupancy and grow income for properties within the SITE Centers’ portfolio to create the highest return on assets
Prepared property budgets, maintained monthly rent forecasts and tracked financial performance to understand income variances and EBITDA growth
Built and managed pipeline of prospective tenants through merchandise planning and innovative canvassing while understanding each trade area and market demand
Leasing Representative
Simon Property Group, Inc.
January 2014 - August 2017
Managed over $35 million of revenue generating assets consisting of 3 Malls
Implemented vision to enhance asset improvement and performance through remerchandising property tenant mix, expand existing relationships with key retailers, establish new partnerships with iconic local brands and retail difference makers, maintain existing tenant rent rolls through lease renewal negotiations
Creatively sought ways to mitigate vacancy and create new income through redevelopments, downsizing or expanding existing tenants, relocations, temporary leases or pop-ups to grow occupancy
Generated new prospective tenant leads through creative and competitive networking platforms including: market canvassing, retailer and market trends, ICSC events and social media to establish new tenant relationships
Senior Real Estate Associate
Pure Barre, LLC
April 2013 - November 2013
Created a market development strategy for corporate studio expansion across Texas and secured new sites within identified targeted trade areas to execute optimization plan
Conducted market research to identify retail sites through market tours, demographic and financial analysis
Generated and managed relationships with Franchisees, Brokers, Landlords and Developers to facilitate lease transactions by negotiating LOI’s and Leases
Regional Leasing Manager
GameStop Inc.
May 2011 - April 2013
Managed a portfolio of 1,200 Retail locations and facilitated lease transactions through site selection, new store openings, renewals, relocations and closures
Identified and executed opportunities to lower occupancy costs and negotiated directly with Landlords
Facilitated 28 New GameStop Retail Store transactions in 11 months and negotiated over 269 Lease Renewals during a 12 month period
Built and managed pipeline of prospective tenants through merchandise planning and innovative canvassing while understanding each trade area and market demand
Leasing Representative
RadioShack Corporation
June 2010 - May 2011
Maintained and established relationships with Landlords to negotiate real estate leases
Determined financial viability through running financial models to evaluate store operations for closure or renewal
