Waste Reduction Technologies currently occupies a building on Chatawa off South Choctaw Drive near Oak Villa Boulevard. WRT Properties sold the property to Eastland Holding of New Orleans. The sale took place Wednesday for $700,000. The property consists of an office warehouse with 14,000 square feet situated on a 1.76 acre site. The sale price comes to exactly $50 per square foot. Eastland is associated with Auto-Chlor, which operates in a building next door and produces cleaning and sanitizing products as well as programs for dishwashing, laundry and housekeeping applications. Their customers belong to a range of industries, including restaurants, hotels and health care. Hank Saurage of Saurage Commercial Real Estate handled consulting and brokerage services. Waste Reduction Technologies will continue to occupy the building for the next few months under a lease agreement. “The acquisition was a strategic business move for Auto-Chlor, who operates regionally throughout the Gulf South and Texas” says Saurage.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
