We have helped businesses of all sizes across the country – from small family-owned enterprises to international companies – close, decommission, remediate, and sell former industrial properties. Our experience encompasses addressing issues related to unique state laws, such as the former Connecticut Transfer Act, New Jersey Industrial Site Recovery Act, and Ohio Cessation of Regulated Operations law.
Examples of our experience include:
- Advising an international manufacturing company on its plant consolidation program, which has resulted in the closing, remediation, and sale of numerous facilities across the country.
- Assisting companies in developing structured, proactive programs that are used whenever a plant is closed and may be transferred. These programs help maximize the sale price for such properties (and eliminate carrying costs), but the primary benefit often is the management of long-term liability risk through cost-effective investigations and cleanups, appropriate contract language, and risk transfer.
- Advising a manufacturing company on the closure and sale of properties in Iowa, South Dakota, Texas, Indiana, and Delaware.
- Advising an owner of a 100-year-old foundry business regarding the closure of the business and sale of the real property. The client decided to proactively investigate and remediate the property, resulting in the sale of the property at an attractive price.
- Representing clients in numerous cleanup projects across the United States under state mandatory and voluntary programs in connection with property transfers, including:
- Cleanups under the Ohio Voluntary Action Program
- Significant cleanups of manufacturing properties in New Jersey under the Industrial Site Recovery Act
- Cleanup of chlorinated solvents in groundwater plume migrating from a California site
- An extensive investigation and cleanup under the Connecticut Transfer Act
- Remediation of a property under the Iowa Land Recycling Program
- Cleanup of PCB-contaminated soil under the Michigan Part 201 cleanup program
- Cleanup of a contaminated property in Massachusetts involving a fixed-price contract with the remediation contractor backed up by a cost-cap insurance policy