The sale or purchase of commercial or industrial properties typically requires an understanding of potential environmental risks associated with the parcel.  Obtaining state and federal redevelopment grants, such as community block grants and HUD grants, can also require an assessment of the environmental risks specific to the particular parcels of land.

The applicability of environmental statutes such as the Connecticut Transfer Act are often viewed as an obstacle to the transfer of certain commercial and industrial parcels.

Berkshire can guide buyers, sellers, and owners of commercial real estate through the process of understanding the environmental risks and liabilities associated with such parcels as well as potential regulatory requirements.

Berkshire’s Environmental Risk & Property Transfer Assessment services include:

• Phase I Environmental Site Assessments and Environmental Transaction Screens conducted in accordance with ASTM standard 1527-05 and 1528-06 and the Connecticut Department of Energy & Environmental Protection (CT DEEP) Site Characterization Guidance Document
• Assisting sellers and buyers with the completion of required Transfer Act submittals
• Assisting sellers and buyers in understanding and working through the requirements of the Transfer Act in order to allow the transaction to proceed