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July 6, 2015

Don’t Let PCB Be a Roadblock to Redevelopment!

By Partner ESI

THE PRESENCE OF PCBS IS OFTEN SEEN AS A DEAL-BREAKER FOR REDEVELOPMENT PROJECTS, BUT IT DOESN’T NEED TO BE.

Polychlorinated biphenyls (PCBs) were manufactured until the 1970s and were used in a wide variety of products such as electrical equipment, light ballasts, paints and caulks, PVC, pesticides, cutting oils, hydraulic fluids, adhesives, waterproofing compounds, and countless other products. Their widespread use is the result of their unique properties such as chemical stability, low flammability, and insulating qualities among others. But, these same properties are also the reason why PCBs remain as persistent organic pollutants in the environment. While the jury is still out, some researchers even suspect that PCBs may have a slow volatility component that represents a significant human exposure risk. Because of the toxicity and associated costs and liability risks, PCB-contaminated sites are often seen as undevelopable. At the very least, PCBs create a significant roadblock to the re-development of countless industrial and commercial sites across the country.

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About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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