Whenever
industrial or commercial real estate is bought
and sold, the physical condition of the property
is usually a key factor. If a building is in
need of substantial repair or renovation, the
buyer will adjust the offer to reflect the
cost of making repairs.
In an industrial or
manufacturing plant, the prospective buyer
will inspect the structures and plant equipment
to establish an offer based on condition.
But, what about the environmental condition
of the buildings and the site? Is there contamination
of the buildings, soil or groundwater that
might need to be corrected one day? How much
would environmental corrective action cost?
Who pays? How might environmental problems
limit the intended use of the property? What
is the risk and associated liability?
With professional engineers and geologists
experienced in soil and groundwater studies,
NOVA is prepared to offer more than preliminary
evaluations of environmental impact to property.
We can provide professional recommendations
for site mitigation alternatives when the need
arises.
Environmental studies frequently identify
conditions that could be interpreted by regulators
in various ways. Our professional staff maintains
a current understanding of the local regulatory
positions with respect to containment mitigation
requirements. Such an understanding can be
useful when real estate transactions must be
accomplished within rigid time frames, and
review of specific site conditions by regulators
is not possible.
NOVA understands both the
liability issues involved and our role with
the Client. We respect the importance of confidentiality;
consequently, we will not provide information
or opinions to anyone other than our Client.
Through our professional staff of engineers,
environmental scientists, geologists, and environmental
technicians, NOVA offers the following environmental
consulting services:
- Phase I and II Environmental Site Assessments
- Brownfield Development
Services
- Site Characterization/Soil
and Groundwater Studies
- Asbestos and Lead-Based
Paint (LBP) Services
- Underground Storage Tank
(UST) Management
- Water Protection Services
- Regulatory Compliance
- Remedial Design
- Remedial
Action
- Plan Review
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