ABM Industries and Behringer Harvard Announce Strategic Property Management Agreement

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Mon Apr 20, 2009 10:00am EDT

ABM Engineering to Provide an Array of Services for Selected Behringer Harvard
Commercial Real Estate Holdings


NEW YORK & DALLAS--(Business Wire)--
ABM Industries Incorporated (NYSE: ABM) and Behringer Harvard today announced an
agreement under which ABM Engineering Services will provide, on an ongoing
basis, a range of engineering, maintenance and consulting services for Behringer
Harvard`s commercial office property holdings. ABM, through its subsidiaries
such as ABM Engineering Services, is one of the United States` leading facility
services contractors. 

Behringer Harvard is a Dallas-based commercial real estate company that creates
and manages strategic real estate fund opportunities across a wide spectrum of
investment styles for retail investors, as well as domestic and international
institutions. Behringer Harvard manages more than $6 billion of commercial
property. 

"We believe that ABM offers the right solutions for our tenants and the
maintenance of our commercial office real estate," said Gerald Oliver, senior
vice president of property management services for Behringer Harvard. "Through
ABM`s high-quality approach to engineering services, we expect to enhance our
ability to provide services for our tenants. ABM`s cost-conscious method of
operation is especially important as the national economy grapples with its
current challenges." 

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." 

Scope of Services to be Provided by ABM Engineering

Under the terms of the agreement, ABM will help implement consistent operating
procedures across Behringer Harvard`s commercial office property portfolio. ABM
has begun conducting extensive technical and operational site reviews at
Behringer Harvard`s properties in order to identify cost savings and operational
efficiencies. 

The agreement will also give Behringer Harvard access to ABM Engineering
Services` broad national engineering management support network and better
pricing on supplies, services and other purchases through ABM`s extensive
network of national vendor contracts. 

ABM also will provide skills training for engineers at the Behringer Harvard
properties under contract and access to ABM`s own skilled professionals,
technical resources and library on preventive maintenance tasks. ABM also will
employ a number of the skilled engineers currently supporting Behringer Harvard.


Mike Latham, president of ABM Engineering Services, said, "We are very excited
to have the opportunity to work in such a close partnership with a leading and
highly regarded commercial real estate company. We look forward to the
opportunity to join together ABM`s first-class engineers and expertise with
Behringer Harvard`s strong commitment to providing industry-leading service for
its tenants." 

About ABM Industries

ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries
(collectively "ABM"), is among the leading providers of facility services in the
United States. With fiscal 2008 revenues in excess of $3.6 billion and more than
100,000 employees, ABM provides janitorial, facility, engineering, parking and
security services for thousands of commercial, industrial, institutional and
retail facilities across the United States, Puerto Rico and British Columbia,
Canada. ABM`s business services include ABM Janitorial Services; ABM Facility
Services; ABM Engineering Services; Ampco System Parking; and ABM Security
Services. For more information visit www.abm.com. 

About Behringer Harvard

Behringer Harvard is a commercial real estate company investing in assets
domestically and internationally. The company creates and manages strategic real
estate fund opportunities across a wide spectrum of investment styles for retail
investors, as well as domestic and international institutions, through its real
estate investment trusts, partnerships, joint ventures and proprietary program
structures. For more information, call toll-free 866.655.3600 or visit
behringerharvard.com. 





ABM Industries Incorporated
Tony Mitchell, 212-297-9828
tony.mitchell@abm.com
or
Richards Partners for Behringer Harvard
Katie Myers, 214-891-5842
katie_myers@richards.com

Copyright Business Wire 2009

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