Brownfields are any commercial or industrial sites that are vacant or underutilized where there has been or is suspected to have been a discharge of contamination.
TERMS has specialized expertise and a long-standing track record in the management and redevelopment of Brownfield locations. We have successfully obtained public agency funding for assistance in the evaluation and subsequent remediation of such sites.
Our success in Brownfield redevelopment is enhanced by having in-house licensed realtors who facilitate the acquisition process while reducing costs.
We embrace participation in Brownfield opportunities and will coordinate the assessment, management, remediation and re-development of these locations, either as a management agent or by directly taking an ownership interest in the property.
Our redeveopment strategy calls upon full utilization of all TERMS competencies, including:
- Evaluation of potential redevelopment sites
- Assembly of the redevelopment team
- Procurement of necessary approvals
- Project management
- Identification of buyer or end user