[CPEO-BIF] Viridian in New Jersey

[Lenny Siegel <lsiegel@cpeo.org>]

Colo. firm planting its roots in N.J.'s brownfields
Viridian's visibility takes hold as it restores more contaminated locations

By Evelyn Lee
NJBIZ
September 7, 2009

Having completed work on one of the year's most high-profile New Jersey 
real estate projects, the chief executive of a Colorado-based brownfield 
development company is aiming to make further inroads in the Garden 
State, with plans to acquire new properties and open a local office in 
the coming year.

"We like the real estate in New Jersey as well as, or better than, 
anywhere else in the country," said Bill Lynott, CEO of Highlands Ranch, 
Colo.-based Viridian Partners, which he founded in 2003. In its 
acquisition and repositioning of brownfield sites, Viridian has focused 
on two of the nation's largest industrial markets - the ports of Newark 
and Elizabeth, and the ports of Long Beach and Los Angeles - which have 
the "best economics" because of their supply constraints, high demand 
and exit pricing potential, he said.

...

Lynott, however, said that the Licensed Site Remediation Professional 
program - part of the Site Remediation Reform Act that was passed in May 
- will speed the remediation process, though he wasn't sure how many of 
his projects would be able to participate. The site in Cranbury, for 
example, still contains live munitions, and will likely stay under DEP 
supervision, he said.

...

For the entire article, see
http://www.njbiz.com/weekly_article.asp?aID=107002303.28843202.1028651.8555542.8807061.583&aID2=79118

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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