The Importance of Earnest Investigation of Industrial Properties

By: Marv Pearlstein | Peter Duchesneau
– Area Development

The acquisition of real property for industrial development shares many of the same environmental risks and considerations as other types of development. However, industrial development also presents unique concerns that should be taken into account early in the acquisition process so that the buyer does not unknowingly inherit and become entangled with a property's problematic environmental legacy. Close and early attention to environmental risks prior to a property's acquisition affords the parties an opportunity to clearly address such concerns up front, which can result in a beneficial outcome for both buyer and seller alike.

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