The effect of environmental contamination issues on the real estate and financial industries have been profound
The effect of environmental contamination issues on the real estate and financial industries have been profound. Even the threat of environmental contamination can be enough to wreck a property transfer that may have taken years to arrange. The threat of environmental liability has resulted in a new type of site study now required by most major financial institutions. The performance of an Environmental Site Assessment (ESA) is now standard procedure whenever property transfer is anticipated. These ESAs are conducted in phases. The first and most common phase is the inspection of the property and the performance of research to identify any potential contamination, which might be present. Further stages identify, delineate, and remediate any contamination which is found to be present. Most banks and mortgage company's now require that an ESA be performed prior to completion of all commercial real estate transactions. Environmental consultants provide the experience and expertise needed to adequately perform an ESA, and provide detailed reports at low costs.
ESTI provides timely and accurate ESA services. These include:
ESAs in accordance with ASTM 1527 and 1528
Off-Site Contamination Mapping
Aerial Photograph Review
Complete Site Walk-Overs
Site-Specific Regulatory Research
Additional Contamination Investigation As Needed
A comprehensive ESA report is provided to the client, which includes site diagrams, maps photographs, research, and conclusions and recommendations. If additional services are required, ESTI can mobilize on-site activities to perform soil and groundwater contamination investigations.
ESTI, 2370 Route 70 West 2 Executive Campus, Suite 105, Cherry Hill, NJ 08002. Tel: 856-317-7199; Fax: 856-317-8317.