Post & Schell Advises National Real Estate Client on Cleanup, Redevelopment, and Sale of Historic Former Industrial Complex in Northern New Jersey
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.
Disclaimer: This post does not offer specific legal advice, nor does it create an attorney-client relationship. You should not reach any legal conclusions based on the information contained in this post without first seeking the advice of counsel.