Lucernex partners with Fell to expand lease admin services

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.