Lexington, Means Knaus Forge JV

NEW YORK CITY-Lexington Realty Trust, based here, and Houston-based Means Knaus Partners LP have formed an asset-management joint venture, Lexington MKP Management L.P. The JV will perform property management and construction management services and oversee leasing and development for approximately 12 million square feet of Lexington’s 45.9-million-square-foot portfolio of single-tenant properties.

Robert Roskind, Lexington’s chairman, says in a release that the new venture “will capitalize on the strengths and expertise of both organizations, focus on enhancing asset values, and provide the highest level and quality of service and operational execution. Means Knaus Partners is one of the country’s premier real estate firms and we are proud to integrate its national expertise and property management skills with Lexington’s asset management operations.”