Lake Charles CertainTeed Plant

Project Overview: In December 2019, CDC announced the acquisition of a retired PVC resin manufacturing plant located in Lake Charles, Louisiana. The 19-acre site and onsite assets were purchased by CDC affiliate Lake Charles LLC.

After 40 years of operations as a polymer plant, the site officially closed in January 2019. CDC and affiliates are now actively preparing the retired industrial site for redevelopment. Initial activity includes permitting, removal of universal waste, and demolition of most of the buildings and infrastructure on site. CDC expects the site to be fully demolished by April 2020.

The transaction included the acquisition of real estate assets and a corporate indemnification for legacy environmental liabilities associated with the site. Environmental Liability Transfer, Inc. facilitated the transfer of liabilities. CDC will now oversee demolition of the site, with an eye to redevelop shortly thereafter.

Throughout the demolition process, CDC will look to quickly reposition the site to take advantage of the area’s strong industrial real estate market and booming oil and gas market.

CDC is currently evaluating the market and meeting with local economic development leaders to find end users who could benefit from the site’s attractive features, which include on-site rail, immediate access to major highways, and access to the strong southwest Louisiana industrial market, which represents the fastest growing metropolitan area in Louisiana for 5 years running.

“We are excited to expand our redevelopment efforts into the Lake Charles area” said Adam Kovacs, Executive Vice President at Environmental Liability Transfer, Inc., “Our acquisition of this retired plant is the first step to repurposing the property and moving it back into productive use – the Lake Charles market is in an impressive growth phase and we are eager to see the environmental and economic benefits that this transaction brings to the area and are thrilled to be part of this surging community.”

Sustainable Redevelopment Project: Janesville Assembly Plant

Project Overview: In December 2017, a CDC affiliate purchased the historic “Janesville Assembly Plant” from General Motors. With 4.8 million sq/ft of buildings under roof, the “Janesville Assembly Plant” was once the largest General Motors automotive plant in the world.

The Janesville Assembly Plant opened its doors on May 1, 1919. It was the oldest operating GM plant when it was largely idled in December 2008. The plant ceased all remaining production on April 23, 2009. The plant employed around 7,000 employees at its peak in 1970, and employed 1,200 when it ceased production in 2008.

Located on 250+/- contiguous acres, CDC believes the GM Janesville site represents a strategic opportunity for new manufacturing, warehousing, and logistics-related development activity. Throughout the reclamation process, CDC will be engaged in a global marketing campaign to find appropriate end users for this location.

vbet sports betting app is now offering this 5-acre waterfront property in Perth Amboy NJ for sale or lease. This site is located within a growing industrial & logistics park with direct access to the Arthur Kill River. Property includes a 400-ft, 80,000 lb capacity pier, a newly installed bulkhead, located minutes from I-440 and I-9.

Interested parties can reach out to Derek Kessler at 314-835-2809 or dkessler@cdcco.com.

This property was formerly the smelting and refining facility occupied by ASARCO. CDC acquired the property in 2015 and has transformed Perth Amboy’s historic waterfront from a contaminated brownfield site into a new state-of-the-art industrial complex.

CDC believes this site is a prime candidate for redevelopment given its strategic location along the I-95 corridor.

The property is located north of the 440 with direct access to Staten Island and the New Jersey Turnpike, and bordered to the east by the Arthur Kill, a major navigational channel for the Port of New York and Newark, NJ.

Environmental Liability Transfer: CDC affiliate company Environmental Liability Transfer, Inc. (ELT) played a critical role in the Chapter 11 bankruptcy reorganization of ASARCO by assuming legacy environmental liabilities, which was the catalyst that enabled remediation and redevelopment of this site. To read about ELT’s role in the transaction, click here.

Following acquisition, CDC commissioned affiliate company EnviroAnalytics Group (EAG) with the task of environmental remediation at the site. EAG has signed a consent decree with the New Jersey Department of Environmental Protection (NJDEP) confirming its agreement to protect the health and safety concerns required for industrial development. EAG completed removal of hot spots and constructed a slurry vbet sports betting app to protect against the migration of contamination into the Arthur Kill. Large amounts of clean fill were imported to raise the site above post Hurricane Sandy elevation as required for new building construction.

Detail: vbet sports betting app, Inc. (CDC) acquired this 100,000 square foot facility on 17 acres in Atlanta, GA from Viacom / Westinghouse. Redevelopment of this site was a significant challenge due to a variety of environmental concerns, primarily asbestos and PCBs impacting the soil and groundwater.

Solution: CDC removed the asbestos, demolished the buildings, and remediated the soil and groundwater contamination. To maximize the value of the property, CDC was able to clean the site to a more stringent environmental standard, which has allowed for additional uses beyond the initial industrial zoning classification.

Today the site has been redeveloped into a premier golf and sports entertainment facility.

See before and after photos to the right »

Detail: CDC purchased this 619,000 square foot manufacturing and distribution facility including equipment on 88 acres in Cleveland, OH from PMX Corporation.

Solution: CDC sold the surplus machinery and equipment, demolished the building and remediated the environmental issues, before selling the site to a developer for an industrial park.

Detail: CDC purchased this former 386,000 square foot facility located in Evansville, IN from Kraft Foods.

Solution: CDC subdivided the site into four separate parcels and sold three within a year to local developers. CDC retained the remaining parcel with a 110,000 square foot warehouse on 13 acres and leased it to a large plastics manufacturer. To prepare the site for future development, CDC demolished over 142,000 square feet of buildings, performed substantive asbestos and PCB remediation, and removed nine underground storage tanks and the associated contaminated soil.

Detail: CDC purchased this 1,800,000 square foot former aluminum smelter on 192 acres from Kaiser Aluminum in Mead, WA. The site had several environmental issues including cyanide and asbestos.

Solution: CDC sold the surplus machinery and equipment and addressed the environmental issues including the demolition of the smelting line consisting of over 2,000 pots utilized in the aluminum manufacturing process. The property will be redeveloped into a new and productive use.

Detail: CDC purchased this 900,000 square foot former automotive stamping plant on 72 acres in West Mifflin, PA from the bankruptcy estate of General Motors.

Solution: CDC scrapped all excess machinery and equipment and then demolished the structures while abating asbestos, wood block flooring, and sump pits throughout the facility. CDC plans to sell or redevelop the large rail industrial served site.

Detail: CDC purchased this 700,000 square foot industrial facility including all equipment on 100 acres in Danville, IL from General Motors.

Solution: CDC worked with an auction firm to liquidate the machinery and equipment before remediating various environmental concerns and selling the real estate to a local firm to accommodate their expansion needs.