Careers that Change Lives

Principal Corporate Real Estate Specialist - Minneapolis OHQ (on-site / hybrid split)

This position will have a hybrid work schedule, being on-site 1-3 days per week.

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be. Help bring the next generation of life-changing medical technology to patients worldwide. We reward you in the ways that matter most to you.

In this exciting early career role you will have the opportunity to develop your corporate real estate skills and will be responsible for the successful delivery of Global Real Estate Transaction services and related metrics / reporting related to the Corporation’s Global real estate portfolio of leased and owned properties.

• As a recognized expert, provide expertise to the organization in real estate issues by leading assigned real estate transactions with project team through service providers.
• Ensure consistent communication of and compliance with corporate real estate policies, procedures and practices to stakeholders, leaders and serviced providers.
• Provide real estate and portfolio metrics and reporting.
• Oversee the day-to-day work of Global outside service providers and resources.

The Principal Corporate Real Estate Specialist is part of the Medtronic Global Real Estate, Design, Brand and Workplace Strategies Team and is a real estate SME participating, contributing to the development and implementation of real estate policies, procedures and practices for the acquisition and disposition of the Corporation’s real estate.

This position reports to the Senior Real Estate Manager and works with other functional SMEs across the company on the execution and implementation of real estate objectives.

We offer a wide range of benefits and rewards programs to recognize the important role you play in our Mission to transform healthcare. To learn more, we invite you to visit Medtronic Benefits .

Medtronic is intensely focused on creating a workplace environment which reflects our standing as the world’s top medical device company. The ideal candidate will have a passion for the patients we serve and an unrelenting desire to improve our business.

We believe that when people from different cultures, genders, and points of view come together, innovation is the result —and everyone wins. Medtronic walks the walk, creating an inclusive culture where you can thrive. To learn more please visit Inclusion & Diversity at Medtronic

A Day in the Life

In The Principal Real Estate Specialist position, r esponsibilities may include the following and other duties may be assigned:

• Manage site selection, renewals, short and long-term extensions, dispositions, purchases, integrations and develop reports and proposals on real state decisions for management review.
• Lead in real estate analysis, broker selection, site selection, coordination with legal counsel and risk management, lease negotiation and property acquisition and disposition.
• Work closely with Business Units to monitor and identify critical dates on leased facilities. Initiate project plans for real estate transactions. Track site strategy notes for individual properties within the portfolio.
• Develop and or review proposals on real estate decisions for management review.
• Coordinate the vacating and shut down of facilities with business units to comply with contractual obligations.
• R esponsible for coordinating with other internal disciplines as needed such as Construction, Engineering, IT, Space Planning, Facility Management, Security, EHS and Risk Management and working in a team environment.
• Supervise strategic alliance partners, peers and lower-level professionals by guiding, coaching and training and may hire outside experts as necessary such as real estate consultants, brokers, appraisers, etc.
• Work closely with Lease Administration to maintain Real Estate Records and Real Estate Database.
• T rack metrics and incentives achieved in real estate transactions. Identify cost avoidance opportunities and document achievements.
• Responsible for completion of projects on time and on budget. Ensure adherence to all policies and procedures. Ensure compliance with established SOX procedures. Focus on customer satisfaction goals at all levels of the organization.
• Exercises considerable latitude in determining deliverables of assignments with limited oversight from manager.
• Quality - Implement Customer Focused Quality mindset into performance of all job responsibilities. Create and maintain meaningful metrics to measure results.

Must Have: Minimum Requirements

To be considered for this role, please ensure the minimum requirements and your permanent address are evident on your resume.

• Bachelors degree required in Finance / Real Estate/ Business oriented field or related.
• Minimum of 7 years of relevant corporate or commercial real estate experience, or an Advanced Degree with a Minimum of 5 years of relevant corporate or commercial real estate experience
• Experience managing acquisitions and dispositions of real estate.
• Expert knowledge of leasing terms, conditions, real estate law and legal implications of leasing
• Expert understanding of real estate terms and practices, market conditions, industry trends and Corporate Real Estate environment
• Experience in overseeing the work activities of service providers.

Nice to Have

Priority will be given to applicants who have education, experience, and/or certifications in the following areas:

• Strong leadership, teambuilding, and influence management skills.
• Proven technical, problem solving, and project management skills.
• Excellent communication skills.
• Willingness to work flexible hours to accommodate time zones and travel to diverse work locations.
• Broad knowledge in project management with proven skills working in a high paced environment with critical ongoing deadlines.
• Proficiency in Excel, Word, and PowerPoint
• Ability to manage internal and external partners & suppliers.
• Excellent interpersonal skills with demonstrated ability to interface with all levels of management and outside service providers.
• Self-motivated, independent problem solving and conflict resolution skills.
• Ability to coordinate numerous projects simultaneously and prioritize workload.
• Demonstrated skill in evaluating real estate opportunities and influencing real estate decisions.
• Strong negotiating and financial analysis skills.
• A bility to read scaled floor plans.
• Participation in peer associations (i.e. BOMA, CoreNet Global, MNCREW, etc.)
• International real estate experience

About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.

Physical Job Requirements

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role. (ADA-United States of America)

A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage. Learn more about our benefits here .

This position is eligible for a short-term incentive plan. Learn more about Medtronic Incentive Plan (MIP) here .

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

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