07 Sep Meribo restaurant owners purchase their location

Posted at 03:30h in The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore.

Eight commercial sales closed on the Northshore the week of September 7, 2026, totaling $6.1M in disclosed volume. The headline deal: Meribo LLC paid $1.3M ($433.62/SF) for a restaurant property on Lee Lane in Covington. Land, retail, and office assets dominated the week’s activity, with regional and out-of-state investors capturing multifamily and specialty properties across the market.

Commercial Sales Recorded Last Week

326 Lee Lane, Covington, LA 70433

Type: Retail
Price: $1,300,000 ($433.62 / SF)
Buyer: MERIBO LLC
Elifin’s Notes: A restaurant property changes ownership in Covington.

3.47 acres W Causeway Approach, Mandeville, LA 70471

Type: Land
Price: $1,000,000 ($6.62 / Land SF)
Buyer: DSC PRIVATE LLC
Elifin’s Notes: A 3+ acre parcel of commercial land sells on West Causeway Approach.

41459 S Range Rd, Ponchatoula, LA 70454

Type: Multifamily
Price: $928,000 ($58,000 / Unit)
Buyer: TRENT ANTHONY PROPERTIES LLC
Elifin’s Notes: A 16-unit multifamily property sells in Ponchatoula.

610 Hewitt Rd, Hammond, LA 70403

Type: Land
Price: $925,000 ($1.54 / Land SF)
Buyer: WHITNEY ESTATES LLC
Elifin’s Notes: A 13+ acre parcel of land sells in Hammond near SW Railroad Avenue.

1819 Old Spanish Trail, Slidell, LA 70458

Type: Retail
Price: $900,000 ($300.00 / SF)
Buyer: JEAN LAFITTE PROPERTY OF ST BERNARD LLC
Elifin’s Notes: An former automotive sales property changes hands on Old Spanish Trail.

354 Fremaux Ave, Slidell, LA 70458

Type: Office
Price: $543,000 ($317.92 / SF)
Buyer: FDL FREMAUX LLC
Elifin’s Notes: An office property changes hands on Fremaux Avenue.

19311 14th Ave, Covington, LA 70433

Type: Office
Price: $280,000 ($155.56 / SF)
Buyer: STEELE DEVELOPMENT LLC
Elifin’s Notes: An office property sells within a prime commercial corridor on 14th Avenue.

Lots 1, 2, 3, 4 E Pine St, Ponchatoula, LA 70454

Type: Land
Price: $180,000 ($10.30 / Land SF)
Buyer: HPG INVESTMENT GROUP LLC
Elifin’s Notes: A 0.4+ acre parcel of land sells at the corner of E Pine Street and S 1st Street in Ponchatoula.

Commercial Permits Issued Last Week

Address	Type	Value	Owner / Contractor
11567 KEN DR, Hammond	Road Boring and Utility (C) $0	AT&T road bore	[O] N/A [C] AT&T
45123 NORTH BAPTIST RD, Hammond	Road Boring and Utility (C) $0	AT&T road bore	[O] N/A [C] AT&T
21175 HWY 36, Covington	Electrical (C) $0	Commercial account name change	[O] N/A [C] N/A
13405 SEYMOUR MEYERS BLVD, C16, Covington	Electrical (C) $0	Commercial account name change	[O] N/A [C] N/A
330 OAK HARBOR BLVD, Ste C, Slidell	Electrical (C) $0	Name change	[O] N/A [C] N/A
58291 HWY 433, Suite B, Slidell	Electrical (C) $0	Commercial account name change	[O] N/A [C] N/A
69356 HWY 21, Covington	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
2995 HWY 190, Mandeville	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
40 LOUIS PRIMA DR, Suite B, Covington	Electrical (C) $0	Commercial account name change	[O] N/A [C] N/A
1170 N HWY 190, Ste A, Covington	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
738 E I-10 SERVICE RD, Unit B, Slidell	Electrical (C) $0	Name change	[O] N/A [C] N/A

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.

Elifin Realty

marketing@elifinrealty.com