Why a Clean Phase I Environmental Site Assessment Can Be Misleading For Those Involved With Post-Closing Construction Activities

A Phase I Environmental Site Assessment is the de facto Environmental Due Diligence standard (ASTM E1527-13) for most commercial property transactions in the United States. The Phase I is used to identify the presence or likely presence of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) hazardous substances or petroleum [...]

By |2021-02-17T12:16:34-05:00February 11, 2021|News|0 Comments

Phase I Portfolio for Renewable Energy Developer

August Mack was retained to develop an environmental due diligence program for a national developer of renewable energy at multiple sites in the state of New York. In most multi-site portfolios, all sites are bundled under the same contract, allowing the client to realize cost-savings by combining multiple site inspections [...]

By |2022-03-25T14:58:14-04:00August 13, 2020|Due Diligence, Projects|0 Comments

Five Railyard Portfolio

August Mack was retained by a Michigan-based short line railroad company to perform Phase I Environmental Site Assessments (ESAs) for five different railyards within the state. The purpose of this effort was to review each site’s history and evaluate the current conditions of each property in order to determine if [...]

By |2020-08-11T15:39:37-04:00May 21, 2020|Due Diligence, Projects|0 Comments

267 Site RSRA Portfolio

August Mack was retained by an Ohio-based national bank holding company in order to carry out Record Search with Risk Assessments reviews (RSRAs) for 267 sites, pending their acquisition of another financial services company. These sites were located across Michigan and Wisconsin, as well as in Cleveland, Ohio and Chicago, [...]

By |2020-08-11T15:52:08-04:00February 27, 2020|Due Diligence, Projects|0 Comments

56 Site Gas Station Portfolio

August Mack was retained by a law firm in Indiana on behalf of an oil company to perform a series of Phase I Environmental Site Assessments (ESAs) pending the sale of the company. The job included a total of 56 sites, consisting of active gas stations with attached convenience stores [...]

By |2020-08-11T15:53:04-04:00February 27, 2020|Due Diligence, Projects|0 Comments

Environmental Assessments

August Mack was hired by a national firm to perform environmental assessments for their acquisition of 17-acres of land the near eastside of Indianapolis. Based on our experience in the area with the client, a development company, hired August Mack to perform similar services for 10 additional parcels in the [...]

By |2020-08-11T16:10:02-04:00December 3, 2019|Due Diligence, Projects|0 Comments
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