Environmental

New Jersey's ISRA (Industrial Site Recovery Act) requires environmental investigation and cleanup before:

AAny residential property is sold
BA change of ownership or operations at an industrial establishment above certain thresholds✓ Correct
CA commercial building obtains a certificate of occupancy
DAny property within 500 feet of a river is transferred

Explanation

ISRA is triggered by the closing, transfer, or termination of an industrial establishment in NJ that involves hazardous substances above threshold quantities. It requires the owner/operator to investigate and remediate contamination before the triggering event.

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