Phase I Environmental Site Assessments
SES routinely conducts Phase I and Phase I Update ESAs in accordance with the All Appropriate Inquiry (AAI) and ASTM 1507-13 Standards. In addition SES conducts Transaction Screens and bank specific Internal Environmental Reviews. Within the last year, SES has conducted over 300 Phase I ESAs for properties ranging in complexity from vacant land to large industrial facilities.
SES has Master Service Agreements (MSAs) with various national companies and continues to expand its “approved consultant” status among real estate, financial, developer, industrial and government institutions. Two primary project summaries of SES’ Phase I ESA capabilities are presented below:
Commercial Real Estate in Various States
An international distributor of electrical equipment and supplies routinely retains SES to conduct environmental due diligence for business acquisitions, real estate purchases, divesture, and lease contracts. Their US based operations consist of sales, offices, warehouses, and wholesale/retail supply outlets for contractors. SES is the sole source provider of environmental due diligence services and typically completes one to two Phase I ESAs per month as well as Phase II ESAs when required. Most recently SES was retained to simultaneously complete 111 Phase I ESAs in accordance with AAI and ASTM Standards. The 111 sites were located throughout the Pacific Northwest (CA, OR, WA, NV, UT, ID, MT). Site visits were completed within 5 days, and the Phase I ESA reports were successfully completed to ASTM/AAI Standards in 45 days and within the established budget.
In addition to standard due diligence reports, SES project directors developed a summary acquisition database to consolidate multiple Phase I executive summaries
for easy reference and due diligence follow-up.
Multiple Fueling Center and Convenience Store Sites in Indiana & Michigan
A national petroleum products distributor retained SES to conduct environmental due diligence by simultaneously completing Phase I ESAs in accordance with AAI and ASTM Standard 1527-05 on 28 fueling centers and convenience stores located in northwest Indiana and southwest Michigan. The purpose of the Phase I ESAs was to identify onsite and adjacent property RECs associated with each of the sites. In addition, SES provided information concerning the compliance of the existing UST and/or AST systems. The Phase I ESA Reports were submitted to the client’s financial institutions (including three national banks) to conduct an overall risk evaluation prior to completing the property transactions. All 28 Phase I ESAs were completed expeditiously within four weeks of notification to proceed and within the established budget.