28 Sep AVALA Hospital in Covington sold
A weekly update on the commercial real estate landscape of The Northshore.
Twelve commercial sales closed on the Northshore the week of September 28, 2026, totaling $17.6M in disclosed volume. The headline deal: St. Tammany Health System paid $8.6M ($403.12/SF) for a healthcare property on Highway 1085 in Covington. The same healthcare system acquired a medical office property on Highway 22 in Madisonville, while the AVALA Hospital also changed ownership on Industry Lane. Office, retail, and multifamily properties rounded out the week’s activity with institutional and regional investors capturing mixed-use and specialty assets across the market.
Commercial Sales Recorded Last Week
16300 Hwy 1085, Covington, LA 70433
Type: Healthcare
Price: $8,591,774 ($403.12 / SF)
Buyer: ST TAMMANY HEALTH SYSTEM
Elifin’s Notes: St. Tammany Health System acquires a healthcare property on Highway 1085.
1520 Hwy 22 W, Madisonville, LA 70447
Type: Office
Price: $2,652,201 ($407.97 / SF)
Buyer: ST TAMMANY HEALTH SYSTEM
Elifin’s Notes: St Tammany Health System acquires a medical office property on Highway 22.
2001 Lakeshore Dr, Mandeville, LA 70448
Type: Office
Price: $2,020,000 ($389.14 / SF)
Buyer: ROY INVESTMENT GROUP LLC
Elifin’s Notes: A multi-tenant office property fronting Lake Pontchartrain changes hands on Lakeshore Drive in Mandeville.
317 S Cate St, Hammond, LA 70403
Type: Retail
Price: $1,200,000 ($99.94 / SF)
Buyer: TRAIN DEPOT LLC
Elifin’s Notes: A commercial property with more than 40 parking spaces sells in downtown Hammond.
15639-15656 Becky Lane, Hammond, LA 70401
Type: Multifamily
Price: $825,000 ($91,667 / Unit)
Buyer: SVP UNLIMITED LLC
Elifin’s Notes: A 9-unit multifamily property changes hands on Becky Lane.
1991 N Causeway Blvd, Mandeville, LA 70471
Type: Retail
Price: $775,000 ($158.94 / SF)
Buyer: FLICK PROPERTIES LLC
Elifin’s Notes: A day care center property changes ownership on New Causeway Boulevard.
626 E Boston St, Covington, LA 70433
Type: Mixed-Use
Price: $625,000 ($318.23 / SF)
Buyer: PINK LEMONADE LLC
Elifin’s Notes: A mixed-use property changes hands on East Boston Street.
944 N Columbia St, Covington, LA 70433
Type: Office
Price: $457,500 ($211.81 / SF)
Buyer: DURST, RODNEY JAY
Elifin’s Notes: A former pediatric medical clinic property sell on North Columbia Street.
1100 N Oak St, Hammond, LA 70401
Type: Retail
Price: $275,000 ($121.74 / SF)
Buyer: TKE THETA NU HOUSING CORP
Elifin’s Notes: A commercially-zoned property sells across from Southeastern Louisiana University on North Oak Street.
19451 Hwy 40, Loranger, LA 70446
Type: Specialty
Price: $176,000 ($96.02 / SF)
Buyer: KJ NEXT CHAPTER LLC
Elifin’s Notes: Former location of Tangipahoa Public Library in Loranger is sold.
67252 Industry Lane, Covington, LA 70433
Type: Healthcare
Price: Withheld
Buyer: FG MP AVALA LLC
Elifin’s Notes: A Canadian-backed healthcare real estate venture acquires the AVALA Hospital on Industry Lane in Covington.
1850 Gause Blvd E, Slidell, LA 70461
Type: Office
Price: Withheld
Buyer: ST TAMMANY PARISH HOSPITAL SERVICE DISTRICT NO 2
Elifin’s Notes: A medical office property sell on Gause Boulevard.
Commercial Permits Issued Last Week
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Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.
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