Project
Compo Chemical Company
Location
Mansfield, MA
Project Description
RESIGHT acquired an excellent in-fill land parcel totaling approximately 26.5 acres located in the Town of Mansfield in a suburban setting between Boston and Providence. The site was previously owned by Compo Chemical which manufactured products at the site since the 1930s. Portions of the site were used as a landfill during the previous use. RESIGHT acquired the property by acquiring a subsidiary of an international conglomerate that desired to sell all of its remaining U.S. assets.
Business Plan
RESIGHT prepared and implemented a remedial program under the Massachusetts Licensed Site Professional program (LSRP). Remediation included removal of a historic onsite landfill and limited soil remediation. The site was subsequently closed under the LSRP program for unrestricted residential or commercial redevelopment. RESIGHT also prepared site plans to demonstrate redevelopment of the site for residential uses consistent with adjacent uses. The property was listed and sold to a local buyer consistent with clean residential values.
The RESIGHT Solution
While others saw an abandoned industrial property with significant environmental issues, RESIGHT saw a valuable, well-located, in-fill property in close proximity to dining, shopping, office and work centers, and transportation.
