Nashville Gas Station Acquisition

Phase 1 Environmental Site Assessment - Tennessee

Project Need

A commercial real estate developer needed environmental due diligence before they acquired a gas station, convenience store, and additional commercial property in Nashville, Tennessee. A history of hazardous releases was suspected due to the property's previous use as a gas station and other adjacent property use.

Services Completed

The Lord and Winter Team performed a Phase I Environmental Site Assessment. The Assessment included: a historical document review, aerial imagery & topographic map review, and interviews with the owner, buyer, and state agencies, all completed to ASTM 1527 standards.

Issue Resolved

The Phase I Environmental Site Assessment Report satisfied commercial lending requirements and the ASTM 1527 standard. The client was able to move forward with acquiring the property while fulfilling CERCLA "innocent landowner requirements" for environmental liability protection.

Photo by Tanner Boriack on Unsplash

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