Walmart purchases property adjacent to its Mandeville store
The October 19, 2026 issue covers six commercial sales recorded on the Northshore the previous week, totaling $6.63M in disclosed volume. The headline deal: WAL-MART REAL ESTATE BUSINESS TRUST paid $2.5M ($125.34/SF) for the 2.5-acre strip center beside its Mandeville store on East Causeway Approach, buying it out of a lender's REO. Industrial accounted for two of the six sales, including a $398K flex condo unit in Alamosa Park in Mandeville, while Azalea / Joe Iverstine Place, a 20-building apartment complex two blocks from Southeastern in Hammond, sold to Madisonville-based investors for $2.35M.
Commercial Sales Recorded Last Week 6 sales
3015 E Causeway Apprch
$2,500,000 $125.34 / SF
Walmart's real estate arm buys the 2.5-acre strip center beside its Mandeville store out of a lender's REO.
BuyerWAL-MART REAL ESTATE BUSINESS TRUST
1-49, 57-89 Joe Iverstine Dr
$2,350,000 $29,375 / unit
Azalea / Joe Iverstine Place, a 20-building apartment complex two blocks from Southeastern, sells to Madisonville-based investors.
BuyerClyde Harper & Barbara Coats
2365 Gause Blvd E
$865,000 $129.98 / SF
A 6,655-SF medical office building on Gause Blvd East in Slidell sells to a local investor.
BuyerBRED HOLDINGS LLC
68361 Commercial Way S (Unit 2)
$398,000 $122.46 / SF
A 3,250-SF flex condo unit in Alamosa Park, Mandeville, changes hands.
BuyerINTREPID ASSET HOLDINGS LLC
10470 Hwy 190
$330,000 $41.74 / SF
A 7,907-SF two-story warehouse/office building on 2.2 acres along Hwy 190 between Hammond and Albany sells to a local buyer.
BuyerEASY TO REMEMBER LLC
59216 Amber St
$185,000 $2.12 / Land SF
St. Luke the Evangelist Catholic Church buys a two-acre lot on Amber St near its Cross Gates campus.
BuyerST LUKE THE EVANGELIST ROMAN CATHOLIC CHURCH
Commercial Permits Issued Last Week 21 permits
| Address | Type | Value | Description | Owner / Applicant / Contractor |
|---|---|---|---|---|
| 18703 THREE RIVERS RD, Covington | Site Work Permit (C) | $2,250,000 | TULANE NATIONAL BIOMEDICAL RESEARCH CENTER WASTE WATER IMPROVEMENTS | O Tulane National Biomedical Research Center Tess CrockettA N/AC BYRON E. TALBOT CONTRACTOR, INC. |
| 451 LEEWARD LOOP, Covington | New Construction (C) | $1,350,000 | NC – RUFFINO CUSTOM CLOSETS – NORTHPOINTE BUSINESS PARK 1.045 AC LT25-A: METAL BUILDING FACILITY FOR RUFFINO CUSTOM CLOSETS | O CRMR Properties, LLC Christian RussellA N/AC DJB SERVICES DICKIE BOUDREAUX |
| 67835 HWY 41, Pearl River | Site Work Permit (C) | $200,000 | SITE WORK FOR FUEL TANK INSTALLATION AT ST TAMMANY PARISH HICKORY MAINTENANCE BARN | O ST TAMMANY PARISH TRAVIS OLIVARDA N/AC BINDEWALD MAINTENANCE, INC. |
| 27527 ST JOSEPH ST, Lacombe | Remodel (C) | $80,000 | BAYOU LACOMBE DOOR FRONT MODIFICATION | O ST TAMMANY PARISH SCHOOL BOARD Cameron TiptonA N/AC Red Ox Construction LLC REID ROUBION |
| 64041 HWY 434, Lacombe | Remodel (C) | $5,000 | INTERIOR RENOVATION FOR EXXON GAS STATION FLOORING, PAINTING, DRYWALL REPAIRS, COFFEE COUNTER PAINTING AND SET UP FM- LEVEL 1 ALTERATION | O HIGH GEAR PROPERTIES LLCA N/AC KOOL CONSTRUCTION KULWINDER SINGH |
| 78478 HWY 437, Covington | Commercial | N/A | N/A | O N/AA N/AC N/A |
| 1000 BUSINESS 190, Covington | Electrical (C) | N/A | CHANGE NAME | O OSCAR ALONZOA N/AC OSCAR ALONZO |
| 1346 GAUSE BLVD, Slidell | Electrical (C) | N/A | COMMERCIAL ELECTRICAL CONNECTION | O DOUG BERNARDA N/AC DOUG BERNARD |
| 220 GREEENBRIAR BLVD, Covington | Electrical (C) | N/A | ELECTRICAL PERMIT: CHANGED OUT 100 MAIN | O MIKELLE TAYSONA N/AC WILLIAM (LANE) CHANEY WILLIAM CHANEY |
| 31 PARK PL UNIT A, Covington | Electrical (C) | N/A | CHURCH | O NEW BEGINNING CHURCH RICHARDA N/AC RICHARD |
| 39509 South West I 55 Service Road, Ponchatoula | Electrical Utility (C) | N/A | Pinnacle Development Group: Lights-Office Building | O N/AA N/AC N/A |
| 14101 Hwy 1085, Covington | Land Clearing (C) | N/A | 14101 Hwy 1085 Covington, La 70433 CLECO substation | O CLECO Blake JenkinsA N/AC BETA Engineering Ryan Hornsby |
| 16099 Bruhl Rd., Folsom | Land Clearing (C) | N/A | Land Clearing (7.090 acres) 16099 Bruhl Rd. Folsom, LA 70437 | O Nicholas and Jennifer DufreneA N/AC N/A |
| 33255 Bayou Paquet Rd., Slidell | Land Clearing (C) | N/A | LC for 33255 Bayou Paquet Rd. Slidell, LA 10.2 Acres | O Michael & Rebecca EinhornA N/AC N/A |
| 72226 Magnolia Road, Abita Springs | Land Clearing (C) | N/A | Residential Land Clearing Permit for Assessment # 67573 | O N/AA N/AC N/A |
| 77477 Hwy 21, Covington | Land Clearing (C) | N/A | Land Clearing permit for 77477 Hwy 21, Covington, La 70435 | O Timothy SmithA N/AC Keith Frazer |
| 81397 TOM PENTON RD, Bush | Land Clearing (C) | N/A | Land Clearing Permit for 81397 TOM PENTON RD, Bush, La 70431 | O TIMOTHY TRAVIS CLARK AND MANDY LANDRY CLARK Timothy ClarkA N/AC TIMOTHY TRAVIS CLARK AND MANDY LANDRY CLARK Timothy Clark |
| Tax# 64867 Hwy 21, Covington | Land Clearing (C) | N/A | Land Clearing permit for Tax# 64867 Hwy 21, Covington, La 70435 | O Timothy SmithA N/AC Keith Frazer |
| 16488 E BREWSTER RD, Covington | Mechanical (C) | N/A | ELEVATOR: Furnish and install 1 traction elevator. | O Brewster Office LLCA N/AC OTIS ELEVATOR COMPANY FRANCOIS CAMENZULI |
| 68106 HWY 59, Mandeville | Sign (C) | N/A | INSTALL NEW SIGNAGE FOR CHEVRON KENT KWIK | O TH EKENT COMPANIES ADAM STURDIVANTA N/AC PRINCE SIGNS LLC |
| 115 DUMMYLINE RD, Madisonville | Site Work Permit (C) | N/A | COMM-SITE WORK, 3.18 ACRES, CUP EXEMPT BY ELEV baseball field practice for Lake Castle: SITE WORK PERMIT (POSTED BY CODE ENFORCEMENT 2025-CE-27879) | O BARRY M & RHONDA VAIRIN BUTERAA N/AC LAGNIAPPE OUTDOOR SOLUTIONS–CONTRACTOR MUST REGISTER WITH ST TAMMANY– ROBBIE LEONARD |