Surplus Real Estate Sales
Pacific Consulting helps owners of industrial real estate sell their properties, drawing on deep experience and ongoing benchmarking of national best practices.Surplus Real Estate Services:
- Seller Due Diligence to identify environmental and regulatory issues that can affect a property, tailored to the property and the client’s business needs.
- Surplus Real Estate Program Support. Pacific Consulting can help elevate your divestment program by reviewing practices to identify opportunities and help implement
- Property/Portfolio Support. Advise and support your team throughout the sale process.
- Owner’s Representative in transaction and environmental remediation.
Sample Projects
From Manufactured Gas Plant to Biotech Campus.
A former manufactured gas plant and service center was vacant for years, and multiple attempted sales had failed. Mr. Harnish worked with environmental remediation, legal and real estate teams to develop an innovative sale structure that brought in a top tier buyer and created an integrated remediation and real estate development strategy. Sale revenue exceeded expectations, city was delighted with outcome, buyer took over completion of cleanup, and entitlements are progressing San Rafael, California.
From Utility Service Center to Affordable Housing.
A service center closed when operations were relocated. Mr. Harnish worked with corporate real estate, legal, and environmental teams to plan the pre-sale due diligence, environmental cleanup, and sale. The property was remediated, sold, and redeveloped for affordable housing.
From Gas Utility Yard to Transit-Oriented Multi-Family Residential Community.
A former gas pipeyard closed as part of a real estate footprint optimization. Mr. Harnish worked with the corporate real estate, legal and environmental teams to design an sale and remediation strategy, oversaw pre-sale due diligence, environmental cleanup under agency oversight, and supported the sale process. The property redeveloped as a transit-focused multifamily residential community, allowing the host-city to realize a key element of its strategic plan.
From Electric Substation to Townhomes:
When an electric substation near downtown Martinez, California, became obsolete, Mr. Harnish worked with the real estate, legal and environmental teams on a sale and remediation strategy, oversaw pre-sale due diligence, and environmental cleanup under agency oversight, and supported the sale process. The property was sold to a local developer and has high-end, well-located townhouses.