Environmental Site Assessment - A Phase I Environmental Site Assessment (ESA) is a study conducted at a real estate holding to identify potential and existing environmental contamination liabilities. The collection of  samples, if required, is typically conducted as part of a Phase II ESA.

real estate environmental site assessments (ESAs)

It is not financially wise to purchase real estate without first investigating the environmental condition of the property. Hidden environmental problems can be costly and become the responsibility of the purchaser. Ignorance of environmental conditions at the time of purchase is no excuse in the eyes of the federal and state environmental agencies. To qualify as an innocent party (free of environmental liability), the EPA requires that a reasonable effort be made by the purchaser to identify environmental concerns prior to the transaction.  A reasonable effort includes, among other things, the preparation of a Phase I Environmental Site Assessment (ESA) by a qualified individual to identify potential environmental concerns. 

ECI's team of qualified professionals has over 30 years experience with ESAs. We have conducted hundreds of ESAs ranging from undeveloped woodlands to complex industrial sites. We are intimately familiar with EPA requirements, as well as, the specifications established by the Subcommittee on Commercial Real Estate Transactions of the American Society for Testing and Materials.  Our clients include industry, banks, investment groups, attorneys, developers and the federal government. 

The FDIC project provides a good example of our work preparing Environmental Site Assessments.

With so much potential liability at risk, why take chances. Retain the very best. Put ECI's highly qualified professionals to work for you. Contact us online or at (908) 754-1700.