Redeveloping a brownfield property offers distinct advantages and opportunities—along with a unique array of risks and challenges. Benefits such as location, existing access and infrastructure, and price can be offset by issues of liability, financing, and unpredictable project timing.
That’s why it’s important to have a skilled roster of experienced experts on your project. The smarter your team, the greater your potential for success.
Aquaterra has consulted on dozens of commercial real estate transactions and brownfield redevelopment projects over the years for private entities, developers, attorneys, and corporations—some involving multi-site portfolios.
Whatever the situation, Aquaterra can advise buyers and sellers alike on the process to manage or mitigate risks. We stay current on all associated industry and regulatory standards to provide the appropriate level of inquiry for satisfying environmental due diligence requirements. We are approved contractors for many lenders.
ASTM Phase I & Phase II Environmental Site Assessment (ESA)
Vapor Intrusion Assessment and Mitigation
Cost/Benefit Analysis and Remediation Estimates
Environmental due diligence is an extremely important aspect of a real estate transaction for a commercial property. At Aquaterra we’ve performed hundreds of Phase I and Phase II Site Assessments.
Our decades of experience give us an advantage in providing buyers and sellers with the information to make sound business decisions. We evaluate whether a recognized condition on a piece of property or a historical impact to soil or groundwater will contribute to the risk or reward of a particular acquisition. Whatever the case, we can help forsee the future potential environmental impact of a property.
Aquaterra performs Phase I and Phase II Environmental Site Assessments pursuant to the most current standards (ASTM Standards E1527, E1528, E1903 and USEPA 40 CFR Part 312 – AAI Rule) to provide the appropriate level of inquiry for sellers or potential buyers. We work closely with the local, state, and regional government agencies to develop the most efficient, cost-effective strategy to meet your needs.