REAL ESTATE

Aaron’s selects Lucernex for store life cycle management solution

BY Staff Writer

Dallas — Lucernex Technologies said Tuesday that Aaron’s has selected Lucernex’s Lx Retail to manage its 1,895 stores in 48 states and Canada.

“After evaluating our operational requirements, we realized that we needed more than just a replacement for our legacy lease administration system. We needed an integrated approach to managing our real estate. Lucernex offers a solution that will allow us to manage the entire store life cycle in one database and on one platform,” said VP real estate, Paul Doize.

Lucernex, which integrates with Buxton for site selection and market analysis, supports project management, lease administration and rent accounting capabilities.

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OPERATIONS

Cardtronics to roll out ADA-compliant ATM services to FirstBank

BY Staff Writer

Houston — Retail ATM owner Cardtronics said Tuesday that it has forged an ATM managed services agreement with Lakewood, Colo.-based FirstBank, covering the segment of its ATM network located in King Soopers grocery stores.

As part of the agreement, Cardtronics has implemented all hardware upgrades necessary to bring the King Soopers portion of the $11 billion-asset bank’s ATM network into compliance with revised “Americans with Disabilities Act regulations set to take effect in 2012.

King Soopers is one of the local brand names operated by The Kroger Co.

In total, the FirstBank-Cardtronics agreement covers 89 ATMs, all located in King Soopers grocery stores scattered across Colorado.

“With the readiness deadline less than six months away, Cardtronics’ ability to efficiently and cost-effectively prepare FirstBank’s King Soopers ATM network for the new ADA regulations delivers both compliance and peace-of-mind,” said Jeff Kaufman, executive VP FirstBank Data Corp.

The revised Americans with Disabilities Act, with changes set to take effect March 15, 2012, mandates that all U.S. ATMs meet ADA guidelines regarding accessibility to the blind or visually impaired.

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REAL ESTATE

Simon Property Group recognized for climate disclosure

BY Staff Writer

Indianapolis — Shopping center owner Simon Property Group said Tuesday that it has again been recognized by the Carbon Disclosure Project with inclusion in its Carbon Disclosure Leadership Index.

The CDLI includes only those companies within the S&P 500 Index which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting a company and its business.

Simon, the only real estate company to be awarded the CDLI distinction, earned 96 out of 100, which was good enough for the tenth best score among all reporting companies. The overall average score for the Global 500 in 2011 was 69.

"We are gratified to be included in this preeminent group on a measure that reflects the excellence of our shopping center operations," said David Simon, Chairman and CEO of Simon Property Group. "We take great pride in the thorough and accurate measurement of our energy use and greenhouse gas emissions."

The CDLI, compiled by PricewaterhouseCoopers on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. It is based on analysis of the responses to CDP’s questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.

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