Environmental Liability Transfer, Inc. (ELT) is pleased to announce the acquisition of a 300-acre retired bulk oil storage terminal located on the East Coast United States. The property was acquired from a major North American petrochemical manufacturer. The transaction includes the acquisition of real estate and assumption of environmental liabilities.

The bulk oil terminal operated for 80 years and was used to store and distribute liquid commodities such as crude oil, gasoline, jet fuels, and other petroleum products. Notable site attributes include several deep-water piers with lengths of 1,000 feet, 550 feet, and 300 feet, which are suitable for berthing large, ocean-going vessels. The site provides access to Atlantic Ocean shipping channels via the Chesapeake Bay.

ELT affiliate Commercial Development Company, Inc. (CDC) will initiate a comprehensive redevelopment of the terminal, beginning with the demolition and removal of storage tanks, pipeline, and obsolete infrastructure on site. Environmental remediation and monitoring will occur throughout the process. EnviroAnalytics Group LLC (EAG) is working with environmental regulators to bring the property to a development-ready state. Site reclamation is expected to be complete by 2024, at which point the property will be marketed for new utilization.

For more information about this property, please contact us at [email protected] or 314-835-2813.

ELT/CDC projects received 2 CoStar Impact Awards this year - "Redevelopment of the Year" and "Commercial Development of the Year". CoStar Impact Award winners were selected from a panel of more than 750 industry professionals drawn from each respective market. Details on each project listed below. Bravo to everyone involved!

In 2009, ELT played a critical role in the Chapter 11 bankruptcy reorganization of ASARCO (American Smelting and Refining Company, LLC), and the subsequent redevelopment of multiple environmentally-contaminated sites in the US. One of those sites was a 70-acre aluminum smelter in Perth Amboy, NJ. ELT acquired the real estate, assumed environmental liabilities, and initiated an environmental cleanup plan that has created a platform for new development.

The site has since been sold to a warehouse developer who just announced a 1 MSF high-capacity storage and distribution center to be built on the property.

Read more »

• Claymont, DE: Redevelopment of former steel mill on a 425-acre property south of Philadelphia. Master plan includes 3.75 MSF of new construction – office, residential, retail, and light-industrial. Adjacent to new commuter rail station. Multiple lots available --- View Details »

• Janesville, WI: 200+ acres, rail-served, available for laydown & storage. Formerly GM manufacturing and distribution. Among the largest rail-served industrial tracts available in the upper Midwest --- Download Brochure »

• Meredosia, IL: 20-acre, rail-served industrial site, suited for manufacturing, warehousing, laydown/storage. Rail service to Norfolk Southern --- Download Brochure »

• Reading, PA: 20-acre industrial site (former Ameren power plant); 800-ft dock line on Illinois River, heavy utilities, Norfolk Southern rail spur nearby --- Download Brochure »

UNDER CONTRACT

• Somerset, MA: Multiple Buildings and Sites Located on New England Port; 82,000 SF Manufacturing Building Download Brochure », 20,000 SF Warehouse with Office Download Brochure »
• Map of Available Lots

• Antioch, CA: 155-acre channel island on the San Joaquin River, AKA "West Island" --- Download Brochure »

• Marysville, MI: Former DTE Energy Tank Farm in East Michigan, 400,000+ Barrel Capacity On Site --- Download Brochure »

UNDER CONTRACT

• San Antonio, TX: Last Mile Distribution Center & Warehousing Site --- Download Brochure »

• Rockwood, TN: 115-acre Development-Ready Site for Light Industrial, Commercial, Solar --- Download Brochure »

• Chamois, MO: Outdoor Storage, Laydown Opportunity, Frontage Along Missouri River --- Download Brochure »

• Newberg, OR: 220-acre Reclaimed Paper Mill Prepared for Residential, Retail, Mixed-Use, and Light Industrial; Possible Technology, Data Center Use --- Download Brochure »

• Henry, IL: 12-acre recreational property with 7,200 SF banquet center in central Illinois --- Download Brochure »

Interested parties can contact John Kowalik, 314-835-2813 or [email protected]. Additionally, if you are sourcing industrial real estate in any market, please check with us as we do have many ongoing brownfield redevelopment projects throughout the US and Canada.