Cantera and a partner company realized a unique opportunity in 2017 with the potential to acquire an approximate 10-acre property in Stickney, Illinois. The property contained a cross-dock trucking facility in a partial state of disrepair and had a long history of imported fill material; the South Branch of the Chicago River and “Ogden Ditch” historically ran on and along its northern perimeter, and it was subsequently utilized as a clay pit. Impacts related to the past use of contaminated fill materials were identified during previous site assessment activities, and the property was stigmatized by an open/unresolved leaking underground storage tank incident.
Prior to acquisition Cantera performed extensive assessment activities to evaluate the subsurface impacts and subsequently performed major site improvement and redevelopment activities. This included extensive construction and building repairs/upgrades. Significant site improvements were completed and the implementation of engineered barriers were used to eliminate human exposure contact to on-site contamination. With the help of industry relationships and creative use of environmental insurance options available, Cantera was able to secure a long-term lease for the property with a national logistics company.
