2A — October 27 - November 9, 2017 — Shopping Centers — M id A tlantic
Real Estate Journal
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M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Associate Publisher ......................................... Steve Kelley Associate Publisher ........................................... Kim Brunet Senior Editor/Graphic Artist ..........................Karen Vachon Office Manager ............................................. Miriam Buttrick Contributing Columnists ..................................Derek Stewart Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 350 Lincoln St, Suite 1105, Hingham, MA 02043 USPS #22-358 | Vol. 29 Issue 20 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Phone: 781-740-2900 | Fax: 781-740-2929 www.marejournal.com
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Derek Stewart
An Interview with Derek Stewart, Head of Real Estate- Indeed T alent and real estate are attached at the hip. You need real estate to house your talent, keeping em- ployees productive and happy to operate a business. You need talent to make real estate a worthy investment. Both must be aligned. Indeed is incredibly success- ful at meeting their mission— to bring talent to companies around the world. While they offer users the ability to post jobs for free, they also aggre- gate existing jobs from com- pany websites and job boards. Their clients on both sides of the aisle are happy. Although Indeed had a slower start, it has scaled incredibly over time. Stewart explains, “We can get a lot more jobs on our site with a lot few people than anyone else.” Due to its great success, In- deed’s employee numbers are growing rapidly, which means that real estate is becoming more important. Stewart ex- plains, “As we keep growing, we have folks joining us around the world throughout the year.
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The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
On a basic level, my goal is to get enough space globally to support these hiring targets.” Stewart is no stranger to growth, as he started his ca- reer in CFO/COO positions, running finance and opera- tions teams at high-growth startups. Most small startups do not have standalone depart- ments for finance, insurance, legal, real estate, accounting and office operations, so those responsibilities usually fall on the shoulders of the CFOs or COOS. Stewart had exposure to each of these functions. After working on real estate deals to support the company’s opera- tions, he discovered that he re- ally enjoyed real estate. When he discovered the opportunity to work at Indeed and focus exclusively on real estate, he
was all in. Stewart used his financial perspective to constantly as- sess how real estate impacted Indeed’s profitability. Over the last two years, he and his team have improved forecast- ing their growth and have cre- ated better quality office space more consistently. Indeed is expanding rapidly, so Stewart and his team are preparing to turn up the volume, bringing new spaces onboard faster and on a much larger scale. Luckily, after all this growth, Indeed is well-known, and Stewart is trusted as a tenant when they enter a new market. Stewart explains that (as most commercial real estate professionals know), location strategy significantly impacts continued on page 14A
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