Post & Schell Advises National Real Estate Client on Cleanup, Redevelopment, and Sale of Historic Former Industrial Complex in Northern New Jersey
June 26, 2018
Environmental Practice Group Principal Paul M. Schmidt recently assisted a client with the cleanup, redevelopment, and sale of a historic, 10-acre former industrial complex in northern New Jersey that began operations in the 19th Century. Mr. Schmidt counseled the client on the remediation of two dozen areas of contamination, and on the demolition, reuse, and disposal of several large contaminated buildings.
When exponentially greater contamination was discovered during redevelopment, Mr. Schmidt quickly provided remediation guidance to minimize delays and developed an evidence-gathering protocol to maximize future cost-recovery efforts. He then assisted with the sale of the property, including negotiating post-closing responsibilities in the agreement of sale, preparing an easement agreement for seller’s continued monitoring, and counseling the client on remedial action permit requirements and financial assurance obligations.
About Paul M. Schmidt:
Paul M. Schmidt is a Principal in Post & Schell, P.C.'s Environmental Practice Group. He provides environmental legal assistance to clients nationwide, ranging from small, local developers to large, national equity funds. He counsels on due diligence, risk management, and remediation; negotiates lease and sales transactions; and prepares and litigates remediation cost-recovery actions. His decades of experience include nine years as a government environmental lawyer, preceded by several years in environmental consulting prior to entering law school. He can be reached at email@example.com or at 215-587-1095. Learn More.