Brownfield Acquisition and Redevelopment

WESTON has facilitated the sale, remediation and redevelopment of a range of environmentally impaired properties for over fifteen years. This experience, combined with a proven level of technical expertise, allows WESTON to provide total solutions to issues arising from Brownfield Acquisition and Redevelopment. We have extended our passion for restoring the environment to actively transform unproductive properties into economic assets.

Whether these properties are acquired from government entities or from defunct corporations, these sites are often presented with significant risks including cleanup cost uncertainty, regulatory scrutiny, and unknown environmental conditions.  Our goal is to align our interests with those of our clients, and to provide a market-based exit strategy for a contaminated property, through a variety of remediation and disposition options.

The WESTON difference results in tangible benefits to our clients:

• Maximum savings and quicker return to productive use through integrating environmental remediation and site redevelopment activities, and employing risk-based cleanup programs. We assume environmental liability at the corporate level, not a development LLC.

• Future liability protection through innovative risk management strategies. We take downside risks on the cost of remediation while sharing in potential remediation savings and upside in property value.

• Enhanced public image as clients are seen as proactive, environmentally responsible corporate citizens.

• Structured financing options that meet the specific needs of the property owner and help ensure the success of the development program. We can invest cash or sweat equity in transactions in return for an ownership share.

WESTON purchased 616 Iwilei, a contaminated 4-acre former manufactured gas facility, assuming long-term environmental liability. The property is located in a thriving retail district in Honolulu, Hawaii. Remediation is currently underway and WESTON intends to redevelop the property, revitalizing its economic potential.

Garrison Station is WESTON's newest redevelopment project in Lakewood, Colorado. We acquired this 4.5-acre blighted property with the intent of developing a mixed-use office project to house WESTON's own regional headquarters. WESTON performed green deconstruction on the former auto facility and attained pre-certified LEED® Gold Core and Shell. Construction is currently underway on the phase 1 office building portion.

Greenlands was a vacant industrial property in Concord, New Hampshire, for years due to concerns of environmental liability and obsolete buildings. WESTON purchased the property and redeveloped the site into our own regional headquarters. This 21,000 SF LEED® Gold certified building was sustainably constructed using green deconstruction methods, geothermal heating and cooling, and a GreenGrid® modular green roof system.

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