Due Diligence
Property Description:
12-acre Commercial/Light Industrial Property located in Lower Macungie,
Lehigh County, Pennsylvania.
Property was developed for use in the late-1970s.
Located in an area that was historically agricultural but is currently
experiencing very rapid development and growth.
Prior to the completion of a property transaction for the facility, Patriot Environmental Management
was retained by the Buyer to conduct a Phase I Environmental Site Assessment
and a Limited Phase II Site Investigation. Both investigations were performed
concurrently to meet the timeframe of the transaction. Phase II ESA activities
identified elevated concentrations of Lead present in material that was
stockpiled in an overgrown portion of the property. In addition, laboratory
analytical results for the samples that were collected from the facility
water supply well revealed the presence of Volatile Organic Compounds (VOCs)
from an unknown source.
Patriot identified several areas of potential environmental liability
and recommended additional investigation that would be necessary to eliminate/address
the potential liability. These areas included sitewide groundwater (to
delineate the extent of the contamination observed in the supply well),
the area of stockpiled material, and a separate area of material identified
by the existing property owner as “ash material”.
Patriot performed a groundwater investigation, which revealed that environmental
impact to groundwater was isolated and did not exceed regulatory remedial
cleanup standards. In addition, Patriot negotiated the removal of all identified
areas of stockpiled waste materials by the existing property owner. Post-excavation
soil sample results indicated that underlying soil quality met applicable
regulatory remedial cleanup standards.
Based upon the results of these due diligence activities, Patriot’s
client purchased the property with full-confidence, as areas of potential
environmental liability were identified and addressed appropriately.