Director of Real Estate
Location: Company Headquarters, Houston, Texas
Reports to: Chief Retail Officer
The Role
The Director of Real Estate is a senior development leader responsible for advancing the retail growth strategy across new store development, relocations, and remodel initiatives.
Based in Houston, this role leads the execution of the development pipeline — transforming strategy into openings.
You will oversee projects from site identification through entitlement, construction partnership, and opening — ensuring disciplined capital deployment and predictable milestone progression.
This is a leadership role for a hands-on operator who thrives in a growth environment and knows how to move projects forward in complex retail ecosystems.
What You Will Own
- Development Pipeline Execution
- Manage a portfolio of NTI builds, relocations, and remodel projects.
- Advance projects through defined stage gates from site control to opening.
- Partner with Finance to support underwriting and capital approval packages.
- Maintain 12–24 month forward visibility on active projects.
You are accountable for project progression — not just activity.
- Market Intelligence & Site Strategy
- Identify coverage gaps and trade area opportunities.
- Evaluate demographic trends, traffic patterns, and competitive positioning.
- Work closely with brokers to source high-quality development opportunities.
- Support multi-year market planning efforts.
The Director translates growth strategy into viable, finance-ready opportunities.
- Cross-Functional Project Leadership
- Coordinate with construction, operations, fuel, marketing, and legal teams.
- Drive alignment from feasibility through opening.
- Ensure design and development standards are upheld.
- Anticipate risk and proactively surface solutions.
You serve as the connective tissue between strategy and execution.
- Remodel Program Leadership
- Prioritize remodel projects aligned to ROI thresholds.
- Partner with operations to define scope and value creation.
- Track performance of remodeled locations versus projections.
- Help evolve remodel strategy through field insight.
Remodels are not maintenance — they are performance investments.
- Broker & External Partner Management
- Build and manage broker relationships.
- Negotiate letters of intent and support contract structuring.
- Navigate entitlement processes and local regulatory requirements.
- Represent Par Pacific professionally in market-facing settings.
What Success Looks Like
- Projects consistently advance through stage gates on predictable timelines.
- Strong pipeline quality with disciplined underwriting.
- Clear visibility into upcoming capital needs and project risks.
- Productive broker relationships generating viable opportunities.
- High confidence from leadership in execution reliability.
What You Bring
- 7–10 years of experience in retail real estate, development, or construction.
- Experience in convenience, fuel, or high-volume retail preferred.
- Demonstrated experience advancing ground-up or complex retail projects.
- Working knowledge of entitlements and permitting processes.
- Financial fluency — ability to understand IRR, payback, and capital prioritization.
- Strong communication and cross-functional leadership skills.
The Profile
You are:
- Structured and proactive.
- Commercially minded.
- Comfortable navigating ambiguity.
- Skilled at balancing persistence with collaboration.
- Motivated by seeing projects move from dirt to doors open.
Growth Path
This role is designed as a key leadership position within the development organization, with the opportunity to scale scope as the retail footprint grows.