Viridian Partners acquires, remediates, repositions and manages risk, with the intent of selling or redeveloping surplus, distressed properties within highly constrained urban markets. Founded in 2003 as a Brownfield development company, Viridian established the following six fundamentals as guiding principles:
- Integration of land redevelopment with property clean-up
- Assumption and professional management of environmental remediation obligations
- Advancement of long-term environmental stewardship
- Creation of new and sustainable tax revenues and jobs
- Avoidance of government subsidies in repositioning its properties
- Sustainable preservation and enhancement of natural resources
Viridian has refined Brownfield redevelopment through a unique integration of land repositioning and remediation. Orchestrated by an exceptionally experienced team of professionals, Viridian has proven its effectiveness in the marketplace with the repositioning of over 50 Brownfield properties during their careers.
Central to Viridian’s success is its ability to provide well collateralized environmental indemnifications to its sellers providing assurance of remediation performance and long-term stewardship. Environmental insurance is acquired, escrows established in trust for insurance deductibles and projected long term stewardship cost, and sellers named as additional insured. The security of Viridian’s risk transfer template has allowed its sellers to recapture substantial balance sheet environmental reserves.
Viridian competes with both traditional developers and Brownfield developers, environmental assumption liability entities, and engineering and environmental consultants. Unlike most of these entities, Viridian does not seek an indemnification from the Seller. Our focus is always on the real estate and its redevelopment potential, and we are not interested in building a backlog of remediation service and construction work.
We are real estate principals with a developer mindset. We provide robust environmental indemnification to our sellers backed by financial guarantees supporting our performance. We strive to achieve solutions that work for all parties involved.
Viridian has completed five New Jersey properties totaling in excess of 6.1 million square feet of Class A distribution facilities, with a total project capitalization exceeding $460 million. Viridian is currently pursuing properties in New Jersey, California, Florida, and a number of other select markets.
“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.“
“What’s most important in the real estate business – and particularly when you’re doing a complex transaction – is that you find a crew that is committed to doing what they say they’re going to do and close. And those guys did what they say what they were going to do.”
Over the last fifteen years, Viridian Partners has successfully repositioned over 50 Brownfield properties.
Viridian engineers a state-of-the-art environmental risk management and liability transfer template.
Viridian is able to provide sophisticated liability management of its real estate transactions.
Viridian acquires assets or portfolios with remediated and repositioned values in excess of $10 million.
303.271.9114 Get in Touch with Viridian Partners