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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© 2024 AQUATERRA TECHNOLOGIES INC. | SITE BY SMITHWORKS
Safety training this week at Aquaterra! This session’s agenda covered important topics like Hazard Communication & Safe Drilling. ... See MoreSee Less
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Did you know that Aquaterra is an approved New Jersey State Certified Environmental Laboratory? For reliable and accurate sampling that meets the data quality requirements of the state of NJ please contact us today!
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NJDEP| Division of Science and Research | Laboratory Certification Programs
dep.nj.gov
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Lou and Jonah setting up to evaluate the feasibility of Vacuum Enhanced Groundwater and LNAPL Recovery as a remedial approach for a client site. The feasibility testing process is crucial for understanding design, permitting, and performance elements for any remediation project. ... See MoreSee Less
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Another great Aquaterra safety training day! ... See MoreSee Less
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You may have noticed when crossing one of the bridges over the Schuylkill River that the former Philadelphia Refinery, which was the largest oil refinery in the eastern US, is undergoing a dramatic makeover. Known as the Bellweather District, this may be one of the largest Brownfield Redevelopment projects in the US, and when finished, will completely transform the city as we’ve come to know and love it.
Aquaterra has been involved in site remediation at the former refinery almost since the day our company was founded in 1995. Today, we are proud to say our role has only increased as we work extremely hard with all stakeholders to make sure this historic and visionary project is realized in the coming years.
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Take a look at the Bellwether District's plans to transform Philadelphia
6abc.com
With an ambitious project on land that used to be an old oil refinery, the Bellwether District is laying out a global model for sustainable development.Comment on Facebook
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Meet Solomon - Master mechanic and jack of all trades. Here, he’s building a mount for a 130-Watt solar array to power one of our custom LNAPL (aka oil) pumping systems.
We’ve deployed several of these over the last few years and have found them reliable and efficient. Meaning, they really do pump LNAPL, not groundwater. ... See MoreSee Less
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