PRI Realestate services ~ Brownfields

BROWNFIELDS

“The redevelopment of environmentally impaired properties – brownfields – has both a real estate and an environmental component and requires specific expertise.”

Bringing Corporate Brownfields Properties to Market
National Brownfields Association, December 2004

Expertise Matters

Buying or selling properties with environmental issues is getting easier, with the advent of environmental insurance, new liability relief mechanisms, and the active support of redevelopment by many governmental agencies. Most closure and cleanup issues shouldn’t hold up a real estate transfer. But getting the deal done may take special tools, and the expertise to use them. PRI can help.

Locating Brownfield Sites

In addition to key commercial MLS memberships, PRI employs numerous other search engines that provide valuable information regarding potential brownfield sites. PRI also networks with many environmental professionals to find diamond-in-the rough properties that can become the next brownfield success story.

Brokering Brownfields

PRI can help you sell or buy a brownfields site, and brings these unique skills to the transaction:

Identifying cleanup funds and tax incentives
Pricing of environmental liabilities
Obtaining environmental insurance
Positioning hard-to-sell properties
Qualifying brownfields buyers
Bringing together brownfields buyers
and sellers

“Congratulations for such a remarkable feat. Being a new GE acquisition business, achieving more than 95% closure on compliance findings is outstanding. You should all feel very proud. I surely do.”

George Kalfayan
Global Environment, Health, and Safety Program Leader
GE Medical Systems

Selling Brownfields Properties

PRI offers unequaled expertise evaluating and positioning a brownfields propertiy for sale, listing the property to attract a qualified buyer, and negotiating from a position of knowledge for optimal results. With over 30 + years environmental engineering experience, and 16+ years real estate experience, PRI offers buyers and sellers value-added tools that are outside the skill set of most brokers:

Positioning a property for best results
Accurate pricing of environmental liabilities
Evaluation of “as-is” vs. cleanup/closure options
Determination of due diligence strategies
Risk management strategies
Assistance in obtaining environmental insuance

Brownfields Contracting

With many years experience in the field, PRI brings buyers and sellers expertise in identifying, scoping, and selecting qualified engineers, consultants and contractors as needed, such as:

Property and building inspections
Due diligence (Phase I and II) evaluations
Asbestos surveys and abatement
Soil/groundwater remediation
Chemical and waste handling and removal
Building decontamination and closure
Demolition

“Good job! I think the solutions you proposed will work.”

Janice Nakao
Project Manager
Agilent Technologies, Inc.

PRI can help get a stuck property unstuck.

Call today 415-457-9921