The DFW area Phase I Environmental Site Assessment (ESA) is a critical component of due diligence when it comes to property transactions, especially for commercial and industrial properties. This assessment helps identify potential environmental liabilities associated with a property as they relate to the region.
It’s important to note that a Phase I ESA is not a guarantee that a property is free from environmental issues. Instead, it’s a tool to help potential buyers or lenders make informed decisions about the property. Regulations and requirements for Phase I ESAs can vary by location, so it’s essential to work with experienced environmental consultants who are familiar with the specific requirements in Plano, Texas (DFW area), and follow the ASTM E1527-13 standard for Phase I ESAs.
Partner is the national leader in Phase I Environmental Site Assessments by volume. Most reports are performed to meet the standards of ASTM E1527-21. Partner often customizes reports to meet individual client or agency lender’s (Fannie Mae, Freddie Mac) requirements. Our Plano staff (DFW area) are knowledgeable of and understand the unique attributes of Texas that can impact a Phase I ESA, including up-to-date UST regulations and oil gas wells.
When you import environmental professionals from outside Texas, you add uncertainty to the deal and potentially settle for a consultant who does not know the local resources and regulations, and a report that may not meet the specific environmental standards of your lender. Let us help! Partner’s professionals include Texas-registered civil engineers, geologists, and architects, as well as local environmental professionals.
