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.