NJ Industrial Site Recovery Act (ISRA)
Since 1987, EWMA has successfully worked with property owners, attorneys and realtors to support hundreds of real estate transactions by helping clients comply with the New Jersey’s Industrial Site Recovery Act (ISRA). This act requires filing with the State of New Jersey upon cessation of certain types of business operations and preparation of a Preliminary Assessment Report (PAR). The report assesses potential areas of environmental concern (AOCs) that may require additional investigation and remediation prior to the sale or transfer of a property.
We take the pressure of dealing with ISRA off of our clients. Our environmental professionals put their decades of experience to work to find the most time and cost-efficient way to close out an ISRA case with the New Jersey Department of Environmental Protection (NJDEP). To close an ISRA case, a Licensed Site Remediation Professional (LSRP) must sign off on ISRA compliance and issue a Response Action Outcome (RAO) declaration. EWMA has LSRPs on staff with extensive ISRA compliance experience that can guide you through the ISRA process to achieve case closure via issuance of a RAO. Our ability to understand and fast track the process can make all the difference in closing your real estate transaction.