In the last 10 years, D&B has completed over 750 Phase I and Phase II Environmental Site Assessments (ESAs) of commercial properties and industrial facilities in support of real estate transactions throughout the New York Metropolitan Area. All projects were completed within budget and in conformance with the aggressive schedules linked to typical real estate transactional timeframes. As a result, D&B is thoroughly familiar with technical and administrative requirements and procedures associated with successful completion of Phase I and II Environmental Site Assessments.
All D&B Phase I ESAs are completed in accordance with guidelines established in the American Society for Testing and Materials (ASTM) Practice E1527-13 and the USEPA “all appropriate inquiry” requirements that went into effect in late 2006. All D&B staff performing such work meet the definition of Environmental Professional as defined in §312.10 of 40 CFR 312, and have the specific qualifications based on education, training and experience to assess a property under a Phase I ESA.
Phase I ESA
The purpose of Phase I ESAs is to identify “Recognized Environmental Conditions (RECs)” and/or “Potential Environmental Concerns (PECs).” The findings and conclusions of the Phase I ESA can also provide preliminary information for the parties likely to be responsible for site cleanup (“potentially responsible parties”), as well as provide strategic information relative to site features of concern to be investigated under the next phase of investigation, a Phase II ESA.
Phase II ESA
In the majority of cases, a Phase II ESA is implemented if and when RECs are identified under the Phase I ESA. The objective of the Phase II ESA is to provide the client with a better understanding of the RECs and a clearer picture of the environmental risks requiring management in connection with a potential property transaction. D&B follows the industry standard guidance (ASTM E1903) during performance of a Phase II ESA, which involves collection of environmental samples for chemical analysis, such as soil and groundwater. In some cases, it may also include the assessment of hazardous materials associated with existing buildings and structures including the presence of asbestos-containing materials and lead-based paint.