REAL ESTATE

Lucernex partners with Fell to expand lease admin services

BY CSA STAFF

Dallas Real estate solution-provider Lucernex Technologies said Tuesday it has partnered with Fell Lease Administration LLC, a Chicago-based lease portfolio management firm, on a deal that will provide both firm’s clients with more complete lease administration services.

Under the agreement, Fell Lease Administration staff will use Lucernex’s lease administration software tools as they manage real estate leases and sub-leases for their clients. The software tools, known as Lx Contracts and Lx LseMod, are designed to act as a single database to more efficiently and accurately manage the leasing process for organizations with portfolios consisting of multiple properties — both locally and internationally — as well as carefully manage all other related agreements involving at least two parties, contract terms and payments.

Lucernex clients who purchase Lx Contracts or Lx LseMod will have the option of having their leases abstracted by Fell Lease Administration’s expert team.

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REAL ESTATE

Baker Katz relocates, adds team member

BY CSA STAFF

Houston Real estate brokerage firm Baker Katz announced it has relocated its headquarters office to a larger space and also has added a team member. Baker Katz said that Jamie Weaver has joined the firm as an associate specializing in tenant representation and project leasing.

To better fit the firm’s growth initiative, Baker Katz said it has relocated from 3355 West Alabama to a larger, approximately 3,000-sq.-ft. space at 3700 Buffalo Speedway, Suite 1020, in Houston.

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REAL ESTATE

Aldi to open at Crystal Town Center

BY CSA STAFF

St. Paul, Minn. Paster Enterprises announced the addition of grocer Aldi to its Crystal Town Center.

Aldi will officially take possession of the 17,929-sq.-ft. location currently occupied by Office Depot in December. The new store is slated to open June 2011.

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