Commercial Real Estate Due Diligence in Philadelphia

The Partner Philadelphia office provides Phase I Environmental Site Assessments, Phase II Environmental testing, Property Condition Assessments, and Asbestos Surveys in support of commercial real estate transactions. Partner Philadelphia staff is experienced with the numerous variables and approaches associated with Pennsylvania Act 2 (the Land Recycling Program) and unique environmental issues local to Pennsylvania, such as Marcellus natural gas drilling.

Partner often customizes reports to meet individual client or agency lender’s (Fannie MaeFreddie Mac) requirements and recognizes the complex geology and hydrology of Pennsylvania.

While conducting a Phase I ESA, Partner does a visual evaluation of accessible areas for the presence of Asbestos Containing Materials (ACMs). Should it become evident that ACMs may be present, Partner can perform sampling and testing to evaluate if ACM is in fact present.

Partner performs Phase II Environmental Testing either in support of a financing decision or to meet the requirements of the Pennsylvania Department of Environmental Protection. Most of our reports are performed to meet the standards set by ASTM E1903-27(2002).

A zoning report is a necessary part of many real property transactions because the current owner is responsible for existing zoning violations. Partner’s Zoning Reports take usage regulations, Philadelphia and municipality provisions into consideration as well as other regulations, such as the Americans with Disabilities Act.

Partner has completed engineering assessments on all types of commercial real estate including office, retail, multi-family, industrial, and hospitality. Some recent Pennsylvania projects and experience include:

Partner has completed Phase I Environmental Site Assessments, Phase II Environmental Testing, and radon screening for a portfolio for 23 chain hotels across Pennsylvania (Bethlehem, Danville, Harrisburg, Malvern, Moosic and Shamokin Dam) and several other Northeastern states.

Partner conducted 24 Phase I Environmental site Assessments of medical facilities in Pennsylvania (Bethel Park, Clearfield, Dresher, Greensburg, Hazel Township, Lower Burrell, Monogahela and Norristown) and several other states for US Bank.

 

For more information regarding Partner’s Philadelphia practice, visit http://www.partneresi.com/city/philadelphia.php

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