Firm News October 24, 2023
Case Study: Largest Ever Site Completes Georgia’s Brownfield Program
Troutman Pepper Counsels Organic Capital Fund in Site Acquisition, Remediation Efforts
Client: Organic Capital Fund, LLC (OCF)
The Troutman Pepper Legal Team: Troutman Pepper’s top-ranked Environmental and Natural Resources Practice Group has a reputation for developing creative solutions to complex environmental problems. Our dedicated Contaminated Sites + Waste Management team has routinely helped clients avail themselves of the liability protections and incentives offered pursuant to Georgia EPDs Brownfields and voluntary cleanup programs.
The Challenge: Troutman Pepper represented OCF in the acquisition of approximately 7,800 acres of land from Bayer CropScience in Woodbine, Camden County, Georgia. The land was previously used for various industrial purposes. As part of the acquisition, OCF agreed to bring the property into compliance with applicable environmental laws for non-residential property. As a mechanism to achieve environmental compliance, OCF would investigate and remediate 887 acres (upland) of the site.
The Response: Troutman Pepper worked closely with Leonard Diprima of United Consulting, the technical experts advising OCF on appropriate sampling and remediation and interfacing with Georgia’s Environmental Protection Division, to develop an environmental strategy to assess and achieve environmental compliance for the property. A key piece of this strategy was to enroll approximately 887 acres into the Georgia EPD Brownfields Program.
The Georgia Brownfield Program provides a prospective purchaser liability protection from lawsuits arising from prior environmental impacts at the site. In exchange for liability protection, the prospective purchaser must investigate soil and groundwater and remediate soil to meet the state’s risk reduction standards.
The Result: On September 8, 2023, the Georgia Environmental Protection Branch issued the final Brownfield Limitation of Liability, noting the site’s compliance with non-residential soil risk reduction standards. David Cole, VP NAI Brannen Goddard, will now be managing the marketing of the sale of the property for redevelopment.
About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.
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