Property Transfer Assessments/Due Diligence


Excel has assisted a wide variety of clients with Industrial Site Recovery Act (ISRA) compliance as well as due diligent Preliminary Assessment (PA)/Phase I and Site Investigation (SI)/Phase II environmental audits in preparation for property transaction. We assist clients with the nuances of ISRA, PA/Phase I and SI/Phase II audits, and the New Jersey Department of Environmental Protection (NJDEP) Technical Requirements for Site Remediation, which defines the due diligent level of effort for these assessments, on a daily basis.

Environmental audits conducted by Excel provide an evaluation of existing and historical areas of environmental concern through a firsthand inspection of the property under investigation, and a comprehensive search of available historical records and regulatory data, as required for due diligent inquiry. Each step is designed to reduce initial capital expenditures by the client, and provide sufficient information for subsequent phases of work, if required. The environmental property transfer audit is usually divided into two phases, with the latter phase conducted only as needed based on site conditions.

I. Preliminary Assessment/Phase I - The purpose of the PA/Phase I is to collect information that could indicate the possible presence of environmental contamination at a site and the nature of the contamination. A typical PA/Phase I includes the following key elements:

  • Site inspection and meeting with key facility personnel
  • Review of land use history and published environmental setting information
  • Review of Title and Deed records
  • Review of local, state, and federal databases
  • Report preparation

II. Site Investigation/Phase II - The purpose of the SI/Phase II is to provide further information on the nature and extent of contamination at the site, and is typically required only if the PA/Phase I assessment has identified one or more areas of environmental concern. The investigation is accomplished through the collection and laboratory analysis of samples, and includes the following tasks:

  • Sample collection and laboratory analysis
  • Data evaluation
  • Report preparation.

Please feel free to browse through the following case histories.

Case History 1 Case History 3
Case History 6

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