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When Is Cleaning Up A Dry Cleaner Worth The Risk?

Current or historic dry cleaner operations are seen as a deal-killer by many shopping center...

...investors, lenders, and their attorneys—but they don't have to be!

With the retail industry going through a lot of flux these days, many shopping centers have been, and continue to be, targets for acquisition, redevelopment, or re-positioning. Because many shopping centers have had a dry cleaner tenant on site at one point or another, releases of perchloroethylene (PCE) and other volatile organic compounds (VOCs) are a common risk in the transaction of such properties. The current or historic presence of a dry cleaner can create considerable risks and liabilities because of the high toxicity of the chemicals involved, stringent cleanup standards for these contaminants, and the regulatory requirements adopted by states around the country to address potential human health concerns.

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