Our focus is to transition properties back to productive use and maximize their economic development potential, attracting new jobs and investments to the communities where they are located. We view shuttered or curtailed industrial sites through a different lens. Where others see only liabilities, we often see opportunities. Envoirnmental Liability Risk Transfer provides a collateralized fixed price decommissioning solution for Utilities and shifts all known and unknown remediation requirements to a third party.
We have an exceptional understanding of industrial real estate and the complicated aspects of environmental liability risk transfer. Check out some of the case studies below to learn more about our capabilities. Forsite works on many projects that carry legacy environmental issues. We pave the way for sites to be repurposed to drive economic development and create new jobs and industry.
Forsite brings together public policy makers, private investment and environmental stewardship and aligns them to turn existing liabilities into regional assets for today and generations to come.
We have an exceptional understanding of industrial real estate and the complicated aspects of environmental liability risk transfer. Check out some of the case studies below to learn more about our capabilities. Forsite works on many projects that carry legacy environmental issues. We pave the way for sites to be repurposed to drive economic development and create new jobs and industry.
Forsite brings together public policy makers, private investment and environmental stewardship and aligns them to turn existing liabilities into regional assets for today and generations to come.
Services
Forsite Development, Inc. was founded by Tom McKittrick in 2004 for the purpose of acquiring corporate surplus industrial facilities.
To date, Forsite has redeveloped over 7 million SF of these facilities across 3000+/- acres, and our projects have attracted or retained approximately 960 jobs and counting.
We are interested in acquiring any value add industrial building that is at least 150,000 SF.
We are especially focused on acquiring large industrial campuses with significant existing infrastructure including; dual feed power, waste-water treatment, steam boilers, process water, rail access, onsite power generation, deep water port access and additional acreage.
To date, Forsite has redeveloped over 7 million SF of these facilities across 3000+/- acres, and our projects have attracted or retained approximately 960 jobs and counting.
We are interested in acquiring any value add industrial building that is at least 150,000 SF.
We are especially focused on acquiring large industrial campuses with significant existing infrastructure including; dual feed power, waste-water treatment, steam boilers, process water, rail access, onsite power generation, deep water port access and additional acreage.
For every project our mission is to create a thoughtful redevelopment plan that is compatible with the sites condition.
We look to repurpose existing infrastructure and buildings and seek to create non-traditional development opportunities Our creative approach to repurposing heavy industrial sites often includes non-traditional development opportunities that aren't obvious to traditional developers.
Examples include; renewable energy development, stream and wetland mitigation projects and conservation easements as well as traditional industrial projects.
We look to repurpose existing infrastructure and buildings and seek to create non-traditional development opportunities Our creative approach to repurposing heavy industrial sites often includes non-traditional development opportunities that aren't obvious to traditional developers.
Examples include; renewable energy development, stream and wetland mitigation projects and conservation easements as well as traditional industrial projects.
Legacy environmental contamination is a reality for many shuttered industrial plants and facilities.
Environmental conditions often prevents sites from being sold or redeveloped and can drastically complicate mergers and acquisitions.
With Forsite's Environmental Liability Risk Transfer (Risk Transfer) program, these contingent liabilities can be removed from company's balance sheets, freeing up capital and allowing them to focus on their core business.
Many investors shy away from environmentally impaired properties however Forsite believes these liabilities can be transformed into assets.
Environmental conditions often prevents sites from being sold or redeveloped and can drastically complicate mergers and acquisitions.
With Forsite's Environmental Liability Risk Transfer (Risk Transfer) program, these contingent liabilities can be removed from company's balance sheets, freeing up capital and allowing them to focus on their core business.
Many investors shy away from environmentally impaired properties however Forsite believes these liabilities can be transformed into assets.
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