Real Estate Assessment & Brownfields Redevelopment
Opportunity and risk are inherent in every commercial real estate transaction.
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.
Our Project Services Include:
ASTM Phase I & Phase II Environmental Site Assessment (ESA)
Vapor Intrusion Assessment and Mitigation
Cost/Benefit Analysis and Remediation Estimates
Real Estate Assessment
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.
Phase I
- Federal and applicable State database research: investigating site-specific and/or surrounding property environmental conditions
- Historical use research: including aerial photographs, fire insurance maps, property tax files, recorded title and deeds, local street directories, zoning/land use records, city directory review, and prior assessment records review
- Site reconnaissance to revaluate potential environmental conditions and receptors existing on the property or adjacent properties
- Geologic and soil map review
- Interview with current property owner/operator and local officials
- Evaluation and report preparation
- Local and state regulatory agency file review
Phase II
Tailored to address environmental conditions identified in Phase I. Activities to evaluate the nature and extent of contamination can include:
- Soil boring installation and geologic logging
- Field screening and laboratory analysis of soil samples
- Installation of groundwater monitoring wells
- Collection of groundwater elevation readings for development of groundwater flow maps
- Surface water and sediment sampling
- Collection of sufficient information to inform business decisions regarding the property
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Aquaterra Technologies, Inc.
901 South Bolmar Street
Suite 1A
West Chester, PA 19382
610-431-5733
610-431-5734
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© 2022 AQUATERRA TECHNOLOGIES INC. | SITE BY SMITHWORKS
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Aquaterra is FAA Remote ID Ready!
Aquaterra’s clients frequently engage our drone services to provide high resolution imagery, video, and 3-D modeling as part of site investigation or remediation.
To comply with the new FAA Remote Identification (RID) ruling (www.faa.gov/uas/getting_started/remote_id) we have added a new RID compatible drone to our fleet!
This will enable Aquaterra to continue serving our clients while we wait for a manufacturer’s firmware update to our current fleet, which is slated for release by the end of this year. ... See MoreSee Less
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Simple Sustainable Solutions! ... See MoreSee Less
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Learning about Heat Illness Prevention during our recent Safety Training Day. ... See MoreSee Less
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That’s a good looking fleet! Thank you to Smithworks Design Communications & Elmark Sign Company. ... See MoreSee Less
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New remediation system startup and shakedown can sometimes be a challenge, but Aquaterra’s experienced and skilled technicians know just how to root out those pesky bugs for trouble-free operation. ... See MoreSee Less
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