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Transaction Summary
BRG acquired six properties in a portfolio transaction with a large national building products manufacturer. The Seller was liquidating assets under their corporate by-laws for cessation of operations.The properties:
The property locations and other pertinent information are provided below.
Perth Amboy, NJ – 40 acres; Google Earth image, Google MapsNo buildings or other tangible assets were included in the transaction.
Sayreville, NJ – 23 acres; Google Earth image, Google Maps
Cincinnati, OH – 27 acres; Google Earth image, Google Maps
Camden, AR – 61 acres; Google Earth image, Google Maps
Memphis, TN – 15 acres; Google Earth image, Google Maps
New Orleans, LA – 17 acre batture Google Earth image, Google Maps
Environmental Issues:
Soil and groundwater contamination (PCBs, VOCs, metals, asbestos), Natural Resources Damages, USTs, landfill closure
Transaction Summary
BRG purchased the first note and mortgage of a single property that was encumbered by several liens. The property was abandoned after the owner declared bankruptcy.The property:
The property is located in West Caldwell, NJ and consisted of 3.5 acres of land and a 10,000 square foot office and maintenance shop.
Google Earth image, Google MapsEnvironmental Issues:
Underground storage tanks and asbestos
Transaction Summary
BRG acquired this property after purchasing the first note and mortgage on the abandoned and vacant property. The site was further hampered by its blighted condition in a village that was undergoing significant remodeling and development.The property:
The property is located in Ossining, NY and consists of less than one acre of land and several buildings of varying size.
Google Earth image, Google MapsEnvironmental Issues:
Underground storage tanks, soil contamination and urban blight
Transaction Summary
BRG acquired this portfolio from a large coatings, polymer and specialty roofing manufacturer. The Seller had acquired properties through many mergers and acquisitions and needed to dispose of the inactive sites. However, the sale of the properties was encumbered by significant environmental contamination.The properties:
The property locations and other pertinent information are provided below.Corpus Christi, TX - 1.7 acres with six buildings totaling approximately 30,000 square feet within six buildings; Google Earth image, Google Maps
Freeport, TX – 8.3 acres with a 28,700 square foot warehouse; Google Earth image, Google Maps
Boston, MA – 3.1 acres with a 85,000 square foot warehouse; Google Earth image, Google Maps
Xenia, OH – 10.6 acres with an industrial complex of eight buildings totaling 93,000 square feet; Google Earth image, Google Maps
Buffalo, NY – 3.9 acres with a 50,000 square foot industrial plant; Google Earth image, Google Maps
Vancouver, BC – 3.5 acres with five buildings totaling 42,000 square feet Google Earth image, Google Maps
Environmental Issues:
Underground storage tanks, PCB’s, asbestos, soil and groundwater contamination
Transaction Summary
BRG purchased the surplus real estate assets, including retail stores, bulk plants, truck stops, vacant land and office space where the seller had closed the facilities for various reasons. In this transaction the seller retained the environmental liabilities associated with the individual sites and indemnified future buyers against environmental actions.The properties:
The properties are located in Florida, Georgia, North Carolina, South Carolina, New Jersey, Ohio and Pennsylvania.Environmental Issues:
Underground storage tanks, soil and groundwater contamination
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