Monday, April 20, 2009

Behringer Harvard, ABM Industries partner

Behringer Harvard, which manages real estate portfolios in Dallas and across the country, said Monday it has entered into a property management agreement with ABM Industries -- an initiative that will impact how the company operates four buildings in its North Texas portfolio.

The buildings impacted include the Alliance Data Systems building in Dallas; the Centreport Office I property in Fort Worth; Centreport Office II also in Fort Worth; and Burnett Plaza in Fort Worth.

As part of the agreement, Addison-based Behringer Harvard will be able to tap into ABM Engineering Services’ maintenance and consulting services to find cost savings and help implement efficient building operations within the impacted facilities.

ABM (NYSE: ABM), which works through subsidiaries like ABM Engineering Services, is a facility services contractor.

Jason Mattox, chief administrative officer for Behringer Harvard, said, “Partnering with ABM Engineering is expected to improve our competitiveness by giving us affordable access to the skills, talent and resources we will need going forward to effectively and efficiently operate our properties and continue to meet the needs of our tenants.”

The agreement allows New York-based ABM to provide training for engineers at certain Behringer Harvard properties and access to ABM’s own team of engineering staff members. In addition, the partnership is expected to increase Behringer Harvard’s engineering management network and to cut pricing tied to supplies and other services, which will be purchased through ABM’s network of vendors.

Dallas Business Journal