[CPEO-BIF] Gaylord Container Corporation site, Antioch, California waterfront

[Lenny Siegel <lsiegel@cpeo.org>]

Real Estate Firm Purchases 108-Acre Heavy-Industrial Waterfront Site in Antioch for Redevelopment

By Mike Burkholder 
East County Today (CA)
August 23, 2016

 
Antioch, CA – Commercial Development Company Inc. (CDC), a leading North American commercial real estate and brownfield redevelopment company, today announced the acquisition from Forestar (USA) Real Estate Group, Inc. of a 108-acre, industrial waterfront site in Antioch, California.

For several decades, this property was a paper mill operated by Gaylord Container Corporation until it was retired and demolished in 2002. Since closing, environmental impact from past operations has limited redevelopment options. CDC’s remediation plans give fresh potential to redevelop this attractive waterfront industrial site.

In addition to selling surplus real estate to CDC, this transaction enabled Forestar Group to transfer environmental obligations to Environmental Liability Transfer, Inc. (ELT), an affiliate of CDC. ELT assumed responsibility for legacy environmental liabilities associated with the site and its former operators.

EnviroAnalytics Group (EAG), another CDC affiliate, will work with the California Department of Toxic Substances Control (DTSC) to oversee ongoing remedial activities, including environmental monitoring, to bring the site to regulatory closure. Successful environmental clean-up will reposition this site for port and industrial re-use and stimulate new construction and jobs.


...


For the entire article, see
http://eastcountytoday.net/real-estate-firm-purchases-108-acre-heavy-industrial-waterfront-site-in-antioch-for-redevelopment

--

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/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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