Senior Site Selection and Acquisition Manager

Since 1999, Stream Data Centers has set new standards for innovation, operational excellence and sustainability in the data center industry. With over 90% of its inventory leased to Fortune 100 customers, the company has acquired, developed and managed complex data center projects for the world’s most demanding users.

From location strategy and site selection to data center construction and operations, Stream develops wholesale colocation capacity and build-to-suit facilities for hyperscale and enterprise users in major markets across the United States. As the company’s site development affiliate, Headwaters employs a team of hyperscale experts dedicated to building a land bank for the data center industry, helping Stream and others uncover low-risk land sites for optimum data center development. Additionally, Stream provides energy procurement services with a focus on reducing market risk and providing low-cost renewable energy options.

POSITION OVERVIEW

The Senior Site Selection and Acquisition Manager will help develop the location strategy to determine where to pursue sites, run the end-to-end site selection process, negotiate land acquisition contracts, and conduct due diligence necessary to acquire sites and grow Stream and Headwaters’ Data Center portfolio, ultimately creating a pipeline of high-quality data center sites that are ready for construction.

Stream and Headwaters are looking for someone who is ambitious and ready to help tackle challenges, with great verbal and written communication skills, technical comfort, superb organizational and project management capabilities, a strong strategic mindset, and the ability to work in a dynamic environment, often with limited direction. This individual must operate with the highest level of integrity while working with landowners, communities, and government officials, and support Headwater's commitment to responsible site selection, including the highest level of respect for the environment and the communities in which they operate.

This is a unique opportunity to join a new and dynamic organization that is securely backed by a reputable, well-established company with over 25 years of data center experience. This role will allow the right candidate to have significant autonomy and flexibility to help develop the direction of Headwaters’ and Stream Data Centers’ future, while leveraging the experience and gaining mentorship from industry veterans.

ESSENTIAL FUNCTIONS

• Work with internal and external commercial and technical teams to identify, define, and pursue new site selection projects and initiatives that will help meet the data center industry’s growth needs.
• Lead the site selection process from start to finish, monitoring progress against objectives, providing regular status reports, tracking risks, outlining action items, and holding each stakeholder accountable to keep the project on schedule.
• Manage communications with a variety of project stakeholders (landowners, utility company representatives, economic development officers, government officials, vendors, consultants, legal counsel, internal subject matter experts and executives, customers, etc.).
• Manage engineering consultants to complete various stages of technical due diligence; understand the implications of the study results and be able to develop a commercial strategy, such as which risks can/should be mitigated, what are the appropriate action items to mitigate risks, and how much money should be spent to do so.
• Lead the negotiation of a variety of contracts with a range of counterparties, including letters of intent, land purchase agreements, economic development incentives, power and water/sewer infrastructure and supply agreements, and other site-specific agreements.
• Assess the entitlements process (rezonings, land use permitting, etc.), lead relationships with government officials, community stakeholders, etc., and work with colleagues and external consultants to complete entitlement work.
• Evaluate economic development incentives, assess implications of taxation rates and regulations, and negotiate economic incentive packages with government officials.
• Gather and organize a variety of financial metrics and run financial models for customers and investors.
• Develop project summary and strategy presentations for internal executives, investors, and customers.
• Support the development of processes, standards, and tools to implement a repeatable process for site selection, acquisitions, and contracting.

MINIMUM QUALIFICATIONS

• 8+ years of experience in site selection, project management, and/or the development of data centers, renewable energy, real estate, or other large infrastructure or capital projects
• Advanced degree or practical experience in one of the following disciplines preferred: Business/Finance, Real Estate, Engineering, or Law
• Experience leading complex projects with large, cross-functional teams (e.g. internal staff, consultants, vendors, government officials, external stakeholders, etc.)
• Ability to work independently, think creatively, and deliver results with limited direction
• Top-notch negotiation skills
• Strong written and verbal communication skills
• Strong organizational and project management skills
• Detail oriented
• Proficient in MS Word, Excel, and PowerPoint
• Ability (and desire) to travel up to 50% of the time

PREFFERED EXPERIENCE

• Experience with any of the following activities for data centers, renewable energy, or other technical/industrial real estate projects: Site selection, Technical evaluation and due diligence, Financial modeling, Negotiations and acquisitions, and/or Site development and construction
• Experience managing relationships and representing business interests with governments, utilities, potential suppliers, and other stakeholders
• Experience with industrial utilities, including power and water/wastewater infrastructure, utility upgrades and interconnections, utility supply agreements, or other clean energy initiatives.
• Experience with financial modeling (project proformas, TCO, IRR, NPV, etc.)
• Comfort communicating commercial, market, and contractual details to executives

Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons. Stream Data Centers offers annual bonus, benefits, flexible time off (vacation), 401k and a variety of other perks and benefits.

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Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sex, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

If you need any assistance or an accommodation throughout the interview process due to a disability, you may contact us at accommodations@stream-dc.com.