Home Services In-House Skills Current/Past Projects Questions & Answers Events/Publications Contact Us North American Realty Advisory Services, L.P. assists corporations to seize opportunities and solve problems associated with surplus or environmentally impaired land and building assets. We provide objective, professional advice on divesting distressed real estate for optimum financial return to our clients, while lowering cleanup costs, reducing environmental risks, managing community issues and improving corporate brand image. Since 1963, more than 1,500 assignments have been completed worldwide. North American Realty Advisory Services North American Realty Advisory Services, L.P. 317 Madison Avenue, Suite 1620 New York, New York 10017 Tel: 212-883-0500 Fax: 212-883-0520 Email: info@northamericanrealty.com
Consultation/Implementation Services North American takes an entrepreneurial perspective in almost every project it undertakes. For each client property, we ask ourselves, "If we owned this asset, what would we do to make it productive and profitable." Strategic Action Programs for surplus and environmentally-impaired land & building assets, including Brownfield & Superfund sites. These programs address: Environmental cleanup cost reduction Controlling future liabilities and stigma issues Regulatory management issues Community concerns Maximizing financial returns Real estate project financing Economic development Deal strategy & structuring Best Practices Management Program TM North American American Realty Advisory Services For corporations with a portfolio of properties, the BPMP offers the latest tools & state-of-the-art techniques to review assets, target near and longterm opportunities and implement steps to achieve corporate objectives. Closing Facilities Gracefully Program Faced with the prospect of a facility closing, corporations receive guidance on the creation/implementation of site revitalization programs benefiting them and the affected community.
In-House Skills Market Research Architectural Planning Construction Economics Land Planning Financial Analysis Financial Packaging Financing Governmental & Community Relations Zoning Marketing Implementation North American Realty provide its clients with a staff of experienced professionals in all the needed disciplines to assist in making informed decisions about surplus or distressed real estate. As your in-house team, we work with senior management including your legal and environmental specialists in creating and implementing reuse programs, coordinated with site cleanup programs. From initial research & planning, through transaction structuring and closure, our staff works closely with you to achieve targeted objectives. Principal members of North American Realty have more than 20 years of experience in their specialties. Copyright 2004 North American Realty Advisory Services, L.P.
Selected Current Projects Fitchburg, MA Directed reuse planning and donation of a 300,000 sq. ft. former GE turbine facility. Achieved funding for revitalization efforts. Now being marketed as Putnam Place Business & Industrial Center. E. Providence, RI Defined "reuse vision" for almost a dozen waterfront properties, including former refinery and industrial sites. Implementation underway for the creation of Bold Point Harbor, a 110-acre waterfront community featuring office, R&D, retail, recreational & residential components. Bayonne, NJ Created and implementing reuse plan and divestment strategy for a 64-acre former tank farm site, overlooking Newark Bay. Negotiations now underway for the $100 million waterfront center including retail, residential, office and recreational uses. Nederland, TX Defining redevelopment potential of 100 acres of impaired land. Richmond, CA Defined reuse opportunity and divestment strategy for a 350,000-sq. ft. research center on 86 acres located on the San Francisco Bay. Assisting the client to coordinate leasing of the existing buildings, bringing about environmental closure, and a phased sale of the property.
Dighton, MA Targeted specialized reuse of 68-acre chemical manufacturing facility and existing equipment for creation of a fish farm. Assisted client to structure and close a transaction with a user. New England Conducting a portfolio review of 60 utility properties acquired through an acquisition. Providing decision-making tools to target and prioritize sites for optimum reuse and divestment. Hometown, PA Assisting PRP in redevelopment planning of a 25-acre Superfund site, including lowering remediation costs and addressing community issues. Selected Past Projects Erie, PA Created and implemented an adaptive-reuse program for a surplus 11-acre coal-fired generating station, as a mixed-use waterfront center. Bayfront Landing now attracts about 4,000 visitors per day, bringing new life to the downtown area. Washington, DC Identified real estate opportunity associated with an environmentally-impaired utility site. Structured a transaction with a developer for creation of a $100 million, mixed-use waterfront center. Racine, WI Identified reuse potential for a former 11-acre coal gasification plant, while also controlling remediation costs and risks. As a result, Gaslight Pointe was created including a hotel, residential center and waterfront promenade. Columbus, OH Created program to transform a closed, former military base into an intermodal industrial park considered one of the most successful business parks in the Midwest. 7,000 jobs have been generated. Copyright 2004 North American Realty Advisory Services, L.P.
Questions Answers Does North American Realty buy property? Does North American implement its recommendations? What can environmental insurance do for my company? No. Buying client properties, based on our "insider's knowledge" would be a conflict of interest. We bring an objective and unbiased approach to client projects. We create and implement business solutions on nearly 100% of the projects we analyze. Our staff has the skills and experience to implement the agreedupon action programs, often in conjunction with our client's legal and environmental specialists. Some have suggested that environmental insurance is the answer to mitigate corporate liability concerns. Insurance can provide real benefits, but not as a stand-alone product. Based on our experience, environmental insurance is effective when included as part of an overall risk management strategy. How can we promote economic redevelopment of our impaired properties and still control risk? I have a portfolio of surplus, environmentally-impaired properties. Where do I begin? There is no way to eliminate 100% of the potential environmental risk. However, by managing the legal, environmental, and real estate elements of a project, risk can be reduced to an acceptable level in line with other everyday business liabilities. Through North American's Best Practices Management ProgramTM, we assist clients to evaluate portfolios, uncover opportunities and create, as well as implement, programs to dispose of properties. Does North American have experience with properties no longer owned by the corporation, but where the former corporate owner is the "deep pocket" PRP? My corporation is publicity adverse, concerned about litigation and unsure of what to do about its surplus, environmentally-impaired properties. What do you suggest? Yes. We are implementing programs successfully for a number of corporate clients who are PRPs on Superfund sites. For this reason, North American provides its services to a number of clients on a confidential basis.
Conferences Principal members of North American Realty are featured speakers at leading industry conferences throughout the U.S., and more recently, in Europe. In 2002, North American Realty was represented at more than two-dozen conferences focusing on the revitalization of environmentally impaired real estate. A similar conference schedule is underway for the year 2003. These professional conferences and seminars offer CFOs, CEOs, COOs, asset and environmental managers, attorneys, engineers and economic development representatives ample opportunities to learn the latest strategies to divest problem land and building assets. For information about upcoming events, contact kcm@northamericanrealty.com. Publications North American Realty offers published information on environmentallyimpaired property divestment programs. To receive copies of the latest information, contact kcm@northamericanrealty.com.
North American Realty Advisory Services Contact Us Robert W. Barclay President barclay@northamericanrealty.com Kathleen Connolly Mankowich Vice President, Communications kcm@northamericanrealty.com North American Realty Advisory Services, L.P. 317 Madison Avenue, Suite 1620 New York, New York 10017 (212) 883-0500 Fax (212) 883-0520 E-mail: info@northamericanrealty.com Visit us in New York City. We are conveniently located in midtown Manhattan, just steps away from Grand Central Terminal.