Commercial Development Company, Inc. (CDC) | PRESS RELEASE
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PRESS RELEASE

PRESS RELEASE

09:34 20 December in Press Release
 

Sustainable Redevelopment Projects from 2018

A Landmark Year for Commercial Development Company

 
 2018 Year in Review
Happy New Year! In this newsletter we are recapping some of our key projects from 2018 and looking forward to more success stories in 2019.
S
ustainable redevelopment took a big step forward in this year – more and more companies are choosing to transfer environmental liabilities and repurpose old industrial assets for new utilization. 
 
At ELT, we have
 been trusted to assume environmental liabilities on behalf of some of the world’s most respected companies. Today we are using our talents and capital to transform these retired industrial liabilities into productive and sustainable assets. 
 
TWO
Superfund Sites Acquired

 

FIVE
Power Plant Reclamation Projects Underway
250,000

 

Sq/Ft Constructed

 

6.5 MILLION
Sq/Ft Demolished

 

 

Repositioning Former GM Janesville Assembly Plant
Former Automotive Manufacturing Plant (4,800,000 sq/ft) 
 

December 2017: ELT announced the purchase and assumption of environmental liabilities at the Janesville Assembly Plant from General Motors.

 


December 27, 2018: Watch Segment about the Site’s New Potential on CBS Evening News
 
Since purchasing the 250-acre retired auto manufacturing plant in December 2017, CDC and affiliates have been actively repositioning the site for new sustainable development.
 
Repositioning Coal-Fired Power Plant for Offshore Wind Energy
Former 1600-MW Coal Power Plant
January 2018: ELT announced the purchase and assumption of environmental liabilities at Brayton Point from Dynegy, Inc. 

 

Repositioning efforts are well underway at the former 1600-MW coal power plant in Southeast Massachusetts – remediation, demolition, and extensive redevelopment planning. 
 
Expected to generate over $1 billion in new development activity, t
he new “Brayton Point Commerce Center” will leverage existing infrastructure to create a development with a primary focus on offshore and renewable energy support. 
 
 
CDC Transfers 15 Acres to State of Delaware for New Public Transit Center 
Former EVRAZ Steel Mill
 
Environmental Liability Transfer & Real Estate Purchase in 2015
In December 2018, CDC announced the transfer of 15.5 acres of land to the state of Delaware for the construction of a new transit center in Claymont, DE.
The transit center will accommodate rail, bus, bike, pedestrian, and auto – and is the first step in the construction of First State Crossing – a $500 million development which will include 3.7 million sq/ft of office, retail, light industrial, hotel, and residential. 
 
CDC Begins Major Mixed-Use Development in Hamilton, NJ
Former Manufacturing Plant
 

Environmental Liability Transfer & Real Estate Purchase in 2015

In 2018, CDC reached a major milestone in the reclamation of a 68-acre former brownfield site in Hamilton, NJ. CDC now plans a mixed use development expected to begin in 2019. The $100 million project will include over
 500,000 sq/ft of office, research, and light industrial, hotel & retail. 
 
ELT Announces Purchase of Two California Superfund Sites
Environmental Liability Transfer
This is a significant transaction because it highlights the feasibility of the EPA Superfund Task Force goals to encourage private investment through the environmental liability transfer process for the benefit of quicker cleanups and redevelopment of sites-that are often on the NPL for decades.
 
CDC Buys Largest Development-Ready Parcel in Philly Market
Former TEVA Pharmaceuticals Site
 

 

 
In March 2018, Commercial Development Company Inc. (CDC) announced the purchase of a 138-acre development-ready tract of land in northeast Philadelphia. The site was purchased from TEVA Pharmaceutical Industries Ltd., who had once selected this site as an expansion location.
 
CDC is currently performing site grading and preparations to prepare the property for a $250 million development project designed for selected end users who will bring this site back to productive reuse.
 
 

 

CDC Builds New Corporate HQ on Reclaimed Brownfield Site
St. Louis, Missouri 
 

 

This new 50,000 sq/ft Class-A office building is now the corporate headquarters for CDC, as well as four wholly-owned affiliate companies that collaborate with CDC on large brownfield remediation and redevelopment projects – Environmental Liability Transfer, Inc., EnviroAnalytics Group LLC, Industrial Demolition LLC, and Industrial Recovery LLC. 
 

 

CDC Builds New Marriott Hotel on Reclaimed Brownfield Site
Former Industrial Rock Quarry 
 
The final stage of the Des Peres quarry redevelopment was the construction of a 211-room Marriott Courtyard and Residence Inn hotel which opened in October 2018. The hotels were developed and are owned by the Roberts’ families, CDC principals, who have owned the former quarry property for 25 years.
 
This hotel was part of a $100 million development project which also included a 60-bed senior living facility (completed 2016), a 254-unit luxury apartment complex (completed 2017), and CDC’s new corporate headquarters (completed 2018).
Demolition and Reclamation of 1000 MW Coal-Fired Power Plant
Former AEP Power Plant Site (Tanners Creek)
 

Environmental Liability Transfer & Real Estate Purchase in 2016

 
In 2018, demolition continued at this 1,000 MW coal-fired power plant outside Cincinnati, Ohio – and redevelopment planning is underway.
 
Since assuming environmental liabilities and purchasing real estate in 2016, ELT and affiliates have been engaged in a robust redevelopment plan which is preparing the site for new utilization. 

 

Today the 725-acre site site is under contract to be sold to the Ports of Indiana for the development of a major inland port project along the Ohio River.
 
 

 

Industrial Demolition LLC Posts Record Year with 6.5 Million Sq/Ft Razed in 2018
CDC Affiliate Company
 
 
Industrial Demolition LLC, a CDC affiliate under common ownership,  posted a record year in 2018 with the demolition of 6.5 million sq/ft of retired industrial space. Projects included multiple power plants and manufacturing facilities.
To learn more about Industrial Demolition,
Read More »

 

Surplus Machinery & Equipment  Available for Purchase
Retired Coal-Fired Power Plant
 
Above: 55K gallon storage tank system – one of the many surplus assets available for sale at the retired Brayton Point Power Station 
 

 

Industrial Asset Recovery Group LLC (IARG), a CDC affiliate, manages the liquidation process at CDC’s many ongoing brownfield redevelopment projects. 
 
To lead IARG, CDC assembled an executive team with over 30 years of experience, over 1,500 industrial liquidation projects, and over $900 million in accumulative surplus assets recovered to date.

 

 
If you are interested in buying or selling surplus equipment in 2019, please contact IARG
 

 

EAG Achieves Widespread Environmental Cleanup Throughout Canada
Shell Global Portfolio Update
 

In a series of successful transactions from 2014 to 2016, Shell Global transferred over 150 environmentally-impacted sites and associated liabilities to ELT.

 
In 2018, EnviroAnalytics Group (EAG) and EAG Canada made major strides in progressively completing environmental remediation at these sites – all in accordance with regulatory standards and contractual obligations. 
 
These transactions enabled Shell Global to divest non-core assets, transfer significant environmental liabilities to ELT, secure environmental cleanup, and reallocate capital and manpower to core operations.
  • 99% of the project milestones have been completed as of December 2018
  • 100% completion is expected within 5 years of the transfer (5 years earlier than the 10 year goal set out in the Agreement).
ELT Facilitates Distressed M&A and Corporate Divestitures
Remove Transactional 
Deal Breakers 
Harrisonburg, Virginia: CDC acquired fully-leased 180,000 sq/ft manufacturing facility
 
Throughout last year, ELT played a critical role in absorbing unwanted assets and liabilities during distressed M&A transactions and corporate divestitures.
ELT is able to carve out assets and environmental liabilities that prevent risk averse deal partners from closing transactions.

 

Employment Opportunities 
 
If you are interesting in joining CDC as we continue to grow this year, we do have a few key positions we are looking to fill. Please let us know if you have the background and skills to match any of the positions listed below: 
For consideration, please send an email with qualifications to
sales@cdcco.com, RE: CDC Employment.

 

 
Seeking to Assume Environmental Liabilities and/or Purchase Retired Real Estate Assets in All Sectors 
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion.
ELT’s core offering includes:
  • Environmental Liability Transfers
  • Brownfield Real Estate Purchase
  • Liability Transfer + RE Purchase
  • Guaranteed Cost Certainty
  • Corporate Indemnification
  • Maximum Value for Retired Assets
  • Transfer of Regulatory Obligations
  • Transfer of Post-Closure Obligations
  • Sustainable Redevelopment Planning
  • Preservation of Legacy & Brand

 

Contact: John Kowalik
Phone: 314-835-2813

 


 

 
About Our Group
 
Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America. 
 
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition – Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT’s
Brownfields Brochure.
 
 
 
 
Contact Us
 
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us. 

 

Phone: (314) 835-2813

 

 

 

 

 

 

 

 

 2018 Year in Review
Happy New Year! In this newsletter we are recapping some of our key projects from 2018 and looking forward to more success stories in 2019.
S
ustainable redevelopment took a big step forward in this year – more and more companies are choosing to transfer environmental liabilities and repurpose old industrial assets for new utilization. 
 
At ELT, we have
 been trusted to assume environmental liabilities on behalf of some of the world’s most respected companies. Today we are using our talents and capital to transform these retired industrial liabilities into productive and sustainable assets. 
 
TWO
Superfund Sites Acquired

 

FIVE
Power Plant Reclamation Projects Underway
250,000

 

Sq/Ft Constructed

 

6.5 MILLION
Sq/Ft Demolished

 

 

Repositioning Former GM Janesville Assembly Plant
Former Automotive Manufacturing Plant (4,800,000 sq/ft) 
 

December 2017: ELT announced the purchase and assumption of environmental liabilities at the Janesville Assembly Plant from General Motors.

 


December 27, 2018: Watch Segment about the Site’s New Potential on CBS Evening News
 
Since purchasing the 250-acre retired auto manufacturing plant in December 2017, CDC and affiliates have been actively repositioning the site for new sustainable development.
 
Repositioning Coal-Fired Power Plant for Offshore Wind Energy
Former 1600-MW Coal Power Plant
January 2018: ELT announced the purchase and assumption of environmental liabilities at Brayton Point from Dynegy, Inc. 

 

Repositioning efforts are well underway at the former 1600-MW coal power plant in Southeast Massachusetts – remediation, demolition, and extensive redevelopment planning. 
 
Expected to generate over $1 billion in new development activity, t
he new “Brayton Point Commerce Center” will leverage existing infrastructure to create a development with a primary focus on offshore and renewable energy support. 
 
 
CDC Transfers 15 Acres to State of Delaware for New Public Transit Center 
Former EVRAZ Steel Mill
 
Environmental Liability Transfer & Real Estate Purchase in 2015
In December 2018, CDC announced the transfer of 15.5 acres of land to the state of Delaware for the construction of a new transit center in Claymont, DE.
The transit center will accommodate rail, bus, bike, pedestrian, and auto – and is the first step in the construction of First State Crossing – a $500 million development which will include 3.7 million sq/ft of office, retail, light industrial, hotel, and residential. 
 
CDC Begins Major Mixed-Use Development in Hamilton, NJ
Former Manufacturing Plant
 

Environmental Liability Transfer & Real Estate Purchase in 2015

In 2018, CDC reached a major milestone in the reclamation of a 68-acre former brownfield site in Hamilton, NJ. CDC now plans a mixed use development expected to begin in 2019. The $100 million project will include over
 500,000 sq/ft of office, research, and light industrial, hotel & retail. 
 
ELT Announces Purchase of Two California Superfund Sites
Environmental Liability Transfer
This is a significant transaction because it highlights the feasibility of the EPA Superfund Task Force goals to encourage private investment through the environmental liability transfer process for the benefit of quicker cleanups and redevelopment of sites-that are often on the NPL for decades.
 
CDC Buys Largest Development-Ready Parcel in Philly Market
Former TEVA Pharmaceuticals Site
 

 

 
In March 2018, Commercial Development Company Inc. (CDC) announced the purchase of a 138-acre development-ready tract of land in northeast Philadelphia. The site was purchased from TEVA Pharmaceutical Industries Ltd., who had once selected this site as an expansion location.
 
CDC is currently performing site grading and preparations to prepare the property for a $250 million development project designed for selected end users who will bring this site back to productive reuse.
 
 

 

CDC Builds New Corporate HQ on Reclaimed Brownfield Site
St. Louis, Missouri 
 

 

This new 50,000 sq/ft Class-A office building is now the corporate headquarters for CDC, as well as four wholly-owned affiliate companies that collaborate with CDC on large brownfield remediation and redevelopment projects – Environmental Liability Transfer, Inc., EnviroAnalytics Group LLC, Industrial Demolition LLC, and Industrial Recovery LLC. 
 

 

CDC Builds New Marriott Hotel on Reclaimed Brownfield Site
Former Industrial Rock Quarry 
 
The final stage of the Des Peres quarry redevelopment was the construction of a 211-room Marriott Courtyard and Residence Inn hotel which opened in October 2018. The hotels were developed and are owned by the Roberts’ families, CDC principals, who have owned the former quarry property for 25 years.
 
This hotel was part of a $100 million development project which also included a 60-bed senior living facility (completed 2016), a 254-unit luxury apartment complex (completed 2017), and CDC’s new corporate headquarters (completed 2018).
Demolition and Reclamation of 1000 MW Coal-Fired Power Plant
Former AEP Power Plant Site (Tanners Creek)
 

Environmental Liability Transfer & Real Estate Purchase in 2016

 
In 2018, demolition continued at this 1,000 MW coal-fired power plant outside Cincinnati, Ohio – and redevelopment planning is underway.
 
Since assuming environmental liabilities and purchasing real estate in 2016, ELT and affiliates have been engaged in a robust redevelopment plan which is preparing the site for new utilization. 

 

Today the 725-acre site site is under contract to be sold to the Ports of Indiana for the development of a major inland port project along the Ohio River.
 
 

 

Industrial Demolition LLC Posts Record Year with 6.5 Million Sq/Ft Razed in 2018
CDC Affiliate Company
 
 
Industrial Demolition LLC, a CDC affiliate under common ownership,  posted a record year in 2018 with the demolition of 6.5 million sq/ft of retired industrial space. Projects included multiple power plants and manufacturing facilities.
To learn more about Industrial Demolition,
Read More »

 

Surplus Machinery & Equipment  Available for Purchase
Retired Coal-Fired Power Plant
 
Above: 55K gallon storage tank system – one of the many surplus assets available for sale at the retired Brayton Point Power Station 
 

 

Industrial Asset Recovery Group LLC (IARG), a CDC affiliate, manages the liquidation process at CDC’s many ongoing brownfield redevelopment projects. 
 
To lead IARG, CDC assembled an executive team with over 30 years of experience, over 1,500 industrial liquidation projects, and over $900 million in accumulative surplus assets recovered to date.

 

 
If you are interested in buying or selling surplus equipment in 2019, please contact IARG
 

 

EAG Achieves Widespread Environmental Cleanup Throughout Canada
Shell Global Portfolio Update
 

In a series of successful transactions from 2014 to 2016, Shell Global transferred over 150 environmentally-impacted sites and associated liabilities to ELT.

 
In 2018, EnviroAnalytics Group (EAG) and EAG Canada made major strides in progressively completing environmental remediation at these sites – all in accordance with regulatory standards and contractual obligations. 
 
These transactions enabled Shell Global to divest non-core assets, transfer significant environmental liabilities to ELT, secure environmental cleanup, and reallocate capital and manpower to core operations.
  • 99% of the project milestones have been completed as of December 2018
  • 100% completion is expected within 5 years of the transfer (5 years earlier than the 10 year goal set out in the Agreement).
ELT Facilitates Distressed M&A and Corporate Divestitures
Remove Transactional 
Deal Breakers 
Harrisonburg, Virginia: CDC acquired fully-leased 180,000 sq/ft manufacturing facility
 
Throughout last year, ELT played a critical role in absorbing unwanted assets and liabilities during distressed M&A transactions and corporate divestitures.
ELT is able to carve out assets and environmental liabilities that prevent risk averse deal partners from closing transactions.

 

Employment Opportunities 
 
If you are interesting in joining CDC as we continue to grow this year, we do have a few key positions we are looking to fill. Please let us know if you have the background and skills to match any of the positions listed below: 
For consideration, please send an email with qualifications to
sales@cdcco.com, RE: CDC Employment.

 

 
Seeking to Assume Environmental Liabilities and/or Purchase Retired Real Estate Assets in All Sectors 
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion.
ELT’s core offering includes:
  • Environmental Liability Transfers
  • Brownfield Real Estate Purchase
  • Liability Transfer + RE Purchase
  • Guaranteed Cost Certainty
  • Corporate Indemnification
  • Maximum Value for Retired Assets
  • Transfer of Regulatory Obligations
  • Transfer of Post-Closure Obligations
  • Sustainable Redevelopment Planning
  • Preservation of Legacy & Brand

 

Contact: John Kowalik
Phone: 314-835-2813

 


 

 
About Our Group
 
Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America. 
 
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition – Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT’s
Brownfields Brochure.
 
 
 
 
Contact Us
 
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us. 

 

Phone: (314) 835-2813