Property owners can request dry cleaners to use non-toxic, biodegradable solvents. (Technology: Update).
While many landlords in the past have avoided renting to dry cleaners due to concerns about air, water and soil pollution, not to mention potential community backlash, they may have been missing out on a significant business market. Property developers can now capitalize on the 35,000 to 45,000 dry cleaners in the U.S. with confidence, due to the advent of environmentally friendly dry cleaning solvents.
Jeff Battiston, sales and marketing director for Rynex, says, "Having a hazardous waste substance on the property is a huge liability for any property developer, and certainly not an option for smaller landlords. Now, however, with products like ours, both parties can be satisfied. Rynex is a top quality dry cleaning solvent and has the same effectiveness as toxic solvents, so dry cleaners can still offer top quality service, while landlords can be safe in the knowledge that no expensive clean-up operation will be necessary. Rynex is the safe alternative for the environment and is more attractive to the property development community, as well."
Richard Pardi, the landlord of several small shopping centers and former owner of a chain of dry cleaning stores, specifies in his leases that drycleaners on his property use environmentally safe solvents. Pardi considers Rynex to be the safest dry cleaning solvent of all. In fact, if a dry cleaner on Pardi's property switches to Rynex, he gives them a rent reduction upon renewal of the lease.
The decision was one that Pardi made when he tried to refinance a property on which a dry cleaning business was located. He was turned down and in fact, had to go to several banks before he was finally approved.
Pardi says, "After all the problems I had trying to refinance, I decided to eliminate any hazardous waste substances from my property. If these toxic substances contaminate the ground, they must be removed, even if half the building has to come down. If it gets into the water system, the business owner is responsible, the landlord is responsible and the bank is responsible. Rynex is a solvent I don't have to worry about. It's biodegradable, non-carcinogenic and is not harmful to the environment. And because of that, the bank says next time around it will be a lot easier for me to refinance."
Rynex is a leading manufacturer of safe, cost-effective cleaning solutions for the dry cleaning industry.
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|Publication:||Real Estate Weekly|
|Date:||Oct 30, 2002|
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