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Cleaned-up brownfields
fetch comparable prices
A recent
study by an environmental consulting firm has found that industrial properties
that were once contaminated but have been cleaned up have comparable values
to sites that have never been contaminated, according to The Real Estate
Center at Texas A&M University.
Entrix Inc. studied 122 industrial property sales, including 13 formerly contaminated sites, and found that there was no statistically significant stigma when it came to sales prices for cleaned-up sites.
Buyers & sellers,
visit www.texasrealestate.com.
REALTORS®, visit www.tar.org.
