Viridian Partners offer a seasoned coalition of brownfield professionals, development expertise, and a proven track record, all of which are necessary – but which are rarely found in combination – for the completion of successful remediation-to-redevelopment transactions. Regardless of how complex the situation, you can trust that Viridian Partners will work through the challenges to get the job done.
In the last 15 years we have closed x deals, including the remediation of unexploded munitions to contaminated groundwater and PCBs in the soil. The result has been the repurposing of over XXX square feet of productive space for the public good/community gain.
- Due Diligence Coordination
- Team Selection and Contract Management
- Municipal & County Site Plan and Subdivision Approvals
- Soil Conservation District Approvals
- Remediation and Other Land Use Approvals
- Environmental and Standard Line Insurance Coordination
- Remediation and Site Work Management
- Vertical Construction Management
- Investor Equity Placement & Documentation
- Project and Entity Accounting & Reporting
- Post Completion Soils and Groundwater Monitoring
- Exit Sale Management
With few exceptions, the Brownfields marketplace is largely devoid of quality, well capitalized, experienced players with a proven track record of successfully repositioning Brownfield real estate. The competitive landscape is comprised of a few regional developers that do a handful of one-off transactions, with the balance comprised of development interests who team with remediation contractors to perform the cleanup of these properties on a fixed-price guaranteed basis.
In most cases, developers look to the Brownfield seller for an indemnification from all pre and post-acquisition environmental liability. Alternatively, they look to standard market insurance tools and remediation contractors to resolve the cleanup related matters. In either case, the Brownfield seller is not receiving the closure on post sale environmental liability that the Viridian business template provides.
The advantage of working with Viridian Partners is the most sophisticated risk management program in the Brownfields marketplace, coupled with over 70 years of combined team real estate development expertise.
Viridian’s liability assumption allows sellers the opportunity to recapture balance sheet reserves maintained to address future clean-up liabilities at the time of sale. The integration of the cleanup with development requires soils work to ensure that remediation efforts are efficiently tied to the development plans. This permits a sale of the property with no transfer of environmental obligations to a future buyer.
Viridian is able to provide sellers, joint venture partners, and buyers sophisticated liability management of its real estate transactions. Viridian professionally manages ongoing monitoring of the remediation process and provides full management of any trailing environmental obligations after the sale of the property. Viridian’s liability management and real estate expertise make them the leader in Brownfield development. Viridian is committed to redeveloping distressed, environmentally contaminated properties, providing economic benefits to our Partners and the community.
“They’re dedicated, committed. They don’t overextend themselves, they don’t take on too many projects. When Viridian’s on a project, they’re focused on it.”
“There are a million items involved in a project like this and each of those items has a different path and coordinating those to go down the same path is very, very difficult. But Viridian makes it look easy. And they make it all look connected. It’s like solving a puzzle – knowing which pieces go where and how they fit. Viridian’s level of detail is unlike anything that I’ve seen. It’s a monumental task, and they’re doing a phenomenal job.”
“The biggest thing was the great team Viridian assembled – the lending folks, the general contractor, geotech, regulators, the municipality. We all sat down as a team, and they made sure everybody’s concerns and issues were addressed. You know everybody’s going to have their own things they want to get done and there would have to be some give and take, but at the end of the day Viridian was able to get everything done.”
“Viridian is a very reputable company; they were very open and honest with us. I trust them implicitly. They were a very straightforward group of individuals with high integrity.“
“Viridian Partners were always very good communicators. They’re very complicated projects, but they’re able to boil it down in a way that everyone understands so we could make smart decisions. They’re great guys; I trust them. They’re top notch.“
“Viridian takes the tough stuff that nobody else is willing to go near, and they solve the problems. They’re not afraid to spend whatever time and expertise are necessary to get it done. They really are impressive at all levels.“
“These are heavy, heavy lifts for anyone in the industry. There’s a plethora of challenges, and there are only a handful of folks that get involved and have the expertise to close on these sites. Viridian is as good as it gets with brownfield sites.“
“Viridian Partners are one of the best in the business, particularly because they’re more national in reach. Whether its PA, NJ or CA, these guys have seen a lot of sites, they know the nuances and each particular regulation within that given space. I think that sets them apart.“
“Viridian Partners are very qualified, very knowledgeable. They understand brownfield redevelopments at a level that most people don’t. They’re easy to work with; super responsive. They’re all the things you’re supposed to be as a company.“
“They’re unique in what they do. Viridian understands the complexity of remediation and redevelopment, plus they understand our business. Sophistication, knowledge and depth are some of their key strengths.“
303.271.9114 Get in Touch with Viridian Partners