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    BUILDING,  Think Piece

    Five Reasons Why an Environmental Site Assessment is Important

     (If You Are Looking to Buy a Commercial Property) Investing in commercial real estate can be risky.  Returns on the investment are dependent upon the constantly changing real estate market, natural hazards, loan terms, and/or the success of tenants, to name a few.  One of the biggest risks can be related to the potential for environmental liabilities related to a property.  Environmental liability can have enormous financial ramifications for an owner, and can feasibly affect the ability to lease or utilize a property.  Therefore, environmental due diligence, specifically a Phase I Environmental Site Assessment (ESA), is a critical step in choosing the right property.  Investors and users alike may focus…