Repositioning Case Study
In 1969, this 23-acre site in Fremont, California was developed as a concrete batch facility. The growth in the area throughout the 1990’s attracted several national development companies to the site for redevelopment. The environmental contamination onsite, however, caused several transactions to fall through.
A three way closing was crafted, allowing Opus Development Corporation to immediately purchase the property without any exposure to the environmental liability associated with the prior use of the property. The nature of the contamination did not inhibit immediate site redevelopment by Opus.