When a developer encountered underground storage tanks while preparing a property for a mixed commercial and residential project, Hatchett & Hauck was able to recover the remediation costs from the owner of the service station formerly at the site.
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Transactions
Hatchett & Hauck LLP negotiated the sale of a bulk oil facility and related businesses and handled all aspects of the multifaceted transaction on behalf of the seller.
We helped a real estate developer seize a business opportunity and acquire a commercial property, despite on- and off-site contamination, by evaluating a funding mechanism for future cleanup and negotiating deal language allocating the known and unknown environmental liabilities.
When a residential developer wanted to build on a former heavy industrial property, we helped the developer enter Indiana’s Voluntary Remediation Program and obtain VRP Work Plan approval in under six months (one of the quickest approvals on record).
As he was planning to turn over the family-owned dry cleaning business to his son, the long-time owner discovered chlorinated solvent contamination under its facility. We helped the dry cleaner obtain millions in insurance proceeds to clean up the property.
We assisted several convenience store operators in complying with multiple changes made by IDEM to its underground storage tank registration and financial assurance requirements.