Phase I ESA ASTM Radius Map Report / GeoFoward.com
Environmental Consultants prepare to contribute to a new standard for Phase I Environmental Reports. Standard ASTM E1527-13 is being replaced by ASTM E1527-21 effecting 250,000 commercial real estate transactions yearly and mandating in-depth historical reviews at several locations. Historical reviews would include a requirement to examine adjoining properties history.
This change in standard was to determine the potential health risks posed by dry cleaning businesses. Contamination from dry cleaning businesses are the leading source of environmental liability when conducting commercial real estate transactions. The new standard has also listed PFAS (per- and polyfluoroalkyl substances) as a “non-scope issue” that may need to be evaluated as a business risk similar to asbestos and mold.