Cochrane & Associates, LLC

Environmental Site Assessments and Property Transactions in Puerto Rico

Source: Cochrane & Associates, LLC

Zimmetry Environmental provides comprehensive Phase I Environmental Site Assessments for property transactions throughout the Caribbean.

Bayamon, Puerto Rico, March 26th, 2018 -- Before a commercial property transaction takes place, a Phase I Environmental Site Assessments (Phase I ESA) will usually be ordered. The Phase I ESA is used by potential property buyers, investors and lenders to determine if a property has any environmental contamination issues and to assess any potential liability from any contamination that is found.

 

The U.S. Environmental Protection Agency (EPA) issued the All Appropriate Inquires (AAI) Rule – Environmental Site Assessments, Phase I Investigations in 2005. It established the standards and requirements for conducting the necessary investigations to qualify for landowner liability protection under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA). CERCLA, also known as “Superfund,” was established to address abandoned hazardous waste sites. Among other things, CERCLA establishes a liability scheme for determining who can be held accountable for releases of hazardous substances. 

 

“In the past, Phase I ESAs were conducted almost entirely for commercial property transactions, but today a growing number of people involved with residential transactions are also requesting these assessments,” said Harry Pena, President of Zimmetry Environmental. “Phase I ESAs help to provide answers about past land uses that are so important to investors, buyers and lenders. Our professionals at Zimmetry have extensive experience conducting environmental due diligence for all types of properties, including industrial, commercial, institutional and residential.”

 

Zimmetry Environmental’s Phase I ESA includes:

                     Physical inspection of the property

                     Interviews of knowledgeable persons

                     Review of federal, state and local lists of known contaminated sites, hazardous materials users, spills and storage tanks

                     Evaluation of the potential effects of adjacent properties

                     Property history searches at applicable register of deeds offices

                     Review of existing environmental documents for the property

                     Interpretation of photographs and maps

                     Current and past property uses

 

If environmental sampling and laboratory analyses are needed to identify or confirm the presence of hazardous materials, Zimmetry offers testing services for air, water, soil and bulk materials. To learn more about environmental site assessments or other compliance testing and consulting services, please visit www.zimmetry.com, call (787) 995.0005 or email info@zimmetry.com.

 

About Zimmetry Environmental

Since 2002, Zimmetry Environmental has been providing environmental consulting services to building owners and managers, architects, engineers, EHS professionals and Fortune 500 companies.  The company is based in Puerto Rico and provides services across the Caribbean and Central America.  The professionals at Zimmetry offer environmental compliance, indoor air quality, asbestos, lead-based paint, Phase I ESAs and general environmental consulting services.