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COMMERCIAL BUYER/SELLER AGREEMENT

Client: Real Estate Holdings Company, Philadelphia, PA

Brownfield Science & Technology, Inc. (BSTI) was retained to find solutions to adverse environmental conditions discovered during a Phase II Environmental Site Assessment. Metals, VOC’s, PAH’s and free phase petroleum (LNAPL) were identified in soil and groundwater interrupting the progress of a significant property transaction.

BSTI used forensic science and desktop research on the surrounding area to demonstrate that the chemical compounds and LNAPL discovered were from historic and/or offsite sources. To expedite the property transaction, BSTI negotiated practicable LNAPL recovery metrics with the PADEP for two monitoring wells and developed site-specific cleanup standards through risk modeling.

By demonstrating that on-site activities and infrastructure were not contributing to the contamination, and, that existing contamination was not a health concern, a buyer/seller agreement was reached and the property was sold.

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