A Phase I Environmental Site Assessment (ESA) is a critical part of the due diligence process when buying or developing property to identify potential environmental liabilities or concerns. In the context of Atlanta, Georgia, these assessments follow federal guidelines and may also consider state-specific regulations and concerns.
Once the Phase I ESA is complete, the environmental professional will prepare a report that summarizes the findings of the assessment and identifies any Recognized Environmental Conditions (RECs) that were found. The report will also include recommendations for any further investigation or remediation that may be needed.
Phase I ESAs are commonly required by lenders and commercial real estate buyers before closing on a property. They can also be used to identify and address environmental risks associated with a property before they become costly problems.
It’s essential to work with qualified environmental professionals, like those with Partner ESI, who are experienced in conducting Phase I ESAs in Atlanta, Georgia, as they can navigate both federal and state-specific regulations to provide a comprehensive assessment of a property’s environmental condition. Additionally, consulting with the Georgia Environmental Protection Division (EPD) or legal counsel specializing in environmental law may be necessary to ensure full compliance with local regulations.
