Phase I Environmental (Phase I ESA)

A Phase I Environmental Site Assessment

A Phase I Environmental Site Assessment Report is the staple in today’s industry for determining environmental liability associated with a real estate transaction. Standards for performing a Phase I Site Assessment have been promulgated by the US EPA and are based in part on ASTM in Standard E1527-05. The ASTM E1527-05 Standard for Phase I Environmental Site Assessments has been accepted by the EPA as meeting the requirements of All Appropriate Inquiry. It is highly encouraged for anyone involved in a commercial real estate property transaction to conduct a Phase I Environmental Site Assessment Report conducted by an experienced Environmental Professional. A Phase I Environmental Site Assessment is one of important components during the transaction process that will protect a potential buyer from future environmental liability. An example of a common and potential liability is a forgotten or buried underground storage tank(s) (USTs) from a previous property use.

Phase 1_PhotoOur clientele generally consists of major lending institutions, government agencies, investors, developers, real estate brokers, attorneys, individual property owners, and other consulting firms. No matter the clientele, FR highly values client relationships and strives to reciprocate our value, education, and service to our clients. As such, it is not uncommon for FR’s staff to work 3rd shift or weekends to meet client’s demands if required. We also pride ourselves in utilizing the most up-to-date technology and resources to assist our clientele with knowledge. We often team with clientele or other industry-specific environmental firms to conduct educational seminars.

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