Location: Southern California
Client: Private Investor
AGE was retained in August 2009 by a prospective purchaser to conduct a Phase I Environmental Assessment for a $ 24 million dollar deal involving a 24.6 acre property in southern California. The property was recently occupied by a pet food manufacturer. Since the 1920s, the property was occupied by numerous packing companies, two foundries, manufacturing companies, a service station and repair shops. At the time that AGE was retained, the seller was completing a Site Closure Assessment as required by the local regulatory agency. During their investigation, a large PCE soil gas plume was detected across most of the property, originating from two former occupants on the property.
Based on the data, AGE oversaw the continued assessment of the property. AGE prepared health risk assessments to determine the risk to future occupants of the property and determined lot line adjustments to effectively remove the source areas of PCE from the property. Following successful bifurcation of the source areas from the majority of the property, a Certificate of Closure was subsequently granted by the local regulatory agency. AGE is currently completing the Phase I Environmental Assessment of the "clean" portion of the property for a major lender to finalize the sale of the property.