Dry cleaners are a confounding conundrum in the world of commercial real estate. They generally rent on economical space but generate a lot of business and foot traffic for other establishments. They are considered not just profitable business models, but a critical anchor in a mixed-tenant commercial strip center.
Unfortunately, dry cleaners also pose a significant potential health risk to themselves and neighboring tenants. This is mostly due to historical use of a cleaning solvent called perchloroethylene (PERC), often causing a “dry cleaner headache” for property owners. First introduced to dry cleaning in 1931, demand for this highly effective cleaning agent increased throughout the 1980s and peaked in the 1990s when closed loop machines were introduced.
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Marshall Stanclift
September 23, 2024
When it comes to PFAS risk and liability, assembling a team of experts is crucial. It is advisable that you rely on the expertise, guidance, and insights of an experienced environmental consultant, a knowledgeable environmental attorney, and a skilled insurance broker familiar with emerging contaminants.
September 27, 2024
In commercial real estate transactions, particularly convenience stores (C-stores) with gas stations, conducting the Phase I Environmental Site Assessment (ESA) is traditionally considered to be the buyer's responsibility. However, sellers can also benefit significantly from conducting a Phase I ESA before listing their property for sale.
August 28, 2024
Recent EPA Ruling About PFAS Has Ramifications for Buyers of Commercial Real Estate. Learn How PFAS Risk Is Assessed and Managed During Acquisition. By By Kathryn Peacock, Steven Luzkow, & […]
