|
GreenPark Group Stage: Venture Date of Investment: 1997
|
 |
Headquartered in Seal Beach, California, GreenPark purchases, remediates, and develops environmentally impacted "brownfield" land for sale to residential homebuilders in the southwestern United States. "Brownfields" are abandoned, idled, or underutilized industrial and commercial sites where redevelopment is complicated by real or perceived environmental contamination. In 1997, Warburg Pincus created GreenPark with a $50 million commitment and the acquisition of existing projects from ESE Land Corporation. GreenPark has grown to become one of the dominant players in the brownfield remediation industry.
