12 Jan The Pulse Northshore: Two sections of North Shore Square Mall sold

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

This week’s The Pulse Northshore update highlights significant commercial real estate activity across St. Tammany and Tangipahoa Parishes, anchored by the sale of two key retail components of North Shore Square Mall in Slidell, where both the Conn’s-occupied building and the former JCPenney space traded to Covington-based entities, reflecting continued investor interest in repositioning regional retail assets. Alongside these North Shore Square transactions, notable sales included an $11m healthcare property at 19065 Dr John Lambert Drive in Hammond, a $3.45m retail sale on Highway 59 in Mandeville, and additional retail, industrial, multifamily, office and hospitality trades across the Northshore market, underscoring diverse investment demand. The permit list also points to commercial development momentum, with projects such as a $700,000 commercial build by Dorsey Development in Independence and a $110,000 Slidell commercial construction by Vela Developments, among other permitted improvements that signal continued growth and reinvestment. As the region’s authoritative research and insights provider, ELIFIN® interprets these weekly sales and permit trends offering clarity and strategic context throughout Louisiana’s commercial real estate landscape.

Commercial Sales Recorded Last Week

19065 Dr John Lambert Dr, Hammond, LA 70403

Type: Healthcare
Price: $11,000,000 ($305.00 / SF)
Buyer: CYPRESS INVESTMENT PROPERTIES LLC
Elifin’s Notes: The Cypress Pointe medical office building sells in Hammond.

68490 Hwy 59, Mandeville, LA 70471

Type: Retail
Price: $3,450,000 ($93.24 / SF)
Buyer: KINGDOM FAMILY PROPERTIES LLC
Elifin’s Notes: A furniture store with showroom and warehouse space sells on Highway 59 in Mandeville.

1802 N Causeway Blvd, Mandeville, LA 70471

Type: Retail
Price: $1,500,000 ($204.08 / SF)
Buyer: 4JETS PROPERTIES
Elifin’s Notes: A multi-tenant retail property sells along North Causeway Blvd in Mandeville.

4004 Hwy 59, Mandeville, LA 70471

Type: Industrial
Price: $1,200,000 ($75.00 / SF)
Buyer: BEDFORD & THOMPSON HOLDING CO LLC
Elifin’s Notes: An industrial property with showroom and warehouse space sells along Highway 59.

Tract B Old U S 51, Independence, LA 70443

Type: Multifamily
Price: $745,000 ($16,932 / Unit)
Buyer: KT MAINTENANCE LLC
Elifin’s Notes: The Strawberry Heights Mobile Home Park sells in Independence.

5001 Hwy 190 Service Rd, Covington, LA 70433

Type: Office
Price: $210,000 ($150.00 / SF)
Buyer: CHERISHED PROPERTIES LLC
Elifin’s Notes: An office condo unit sells within the Fairway Center Office Park.

140 Holiday Blvd, Covington, LA 70433

Type: Hospitality
Price: Withheld
Buyer: 140 HOLIDAY OWNER LLC
Elifin’s Notes: The WeStay Suites, a 53-unit hotel property sells to an area investor.

150 Northshore Blvd, Slidell, LA 70460

Type: Retail
Price: Withheld
Buyer: NS5000 LLC
Elifin’s Notes: The Conn’s occupied retail building, part of the North Shore Square Mall, sells to a Covington-based entity.

150 Northshore Blvd (Ste 4), Slidell, LA 70460

Type: Retail
Price: Withheld
Buyer: NS4000 LLC
Elifin’s Notes: A Covington-based entity purchases the former JC Penny at the North Shore Square Mall.

Commercial Permits Issued Last Week

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.