Brownfields Redevelopment Property Sale

• Client: Energy distribution company
• Date: December 2010
• Location: Ohio

Summary:

Schiff Hardin assisted a client, an energy distributor, with the sale of a contaminated property to a redevelopment company. The complex transaction culminated with the developer's successful application and award of public redevelopment funds.

Prior actions on behalf of the owner of the site included a financial and liability settlement with a co-liable responsible party and several years of environmental investigation, characterization and remediation planning.

The redevelopment will feature an office building that is expected take advantage of energy efficient building materials and will be a linchpin for a warehouse area revitalization.