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Costco Picks Up Land for Another Store

ISSAQUAH, WA-The store on the site, which is set to open in early summer 2002, will be the size of a typical Costco outlet, which is about 150,000 square feet. On average, the stores cost about $11 million to build and employ about 250 people.

By Gina Binole | Updated on November 21, 2001

ISSAQUAH, WA-Issaquah-based Costco Wholesale Corp. has purchased 15.51 acres in San Antonio, Texas, and will build its second store in that market.

The property is in Sonterra Park, a mixed-used development project by local real estate developer Orion Partners Inc. Costco will become one of the retail anchors for the development, said Dean Bundrick, senior vice president of corporate services for Orion. The store, which is set to open in early summer 2002, will be the size of a typical Costco outlet, which is about 150,000 square feet. On average, the stores cost about $11 million to build and employ about 250 people.

Costco recently opened its first San Antonio store on the city’s Northwest side. Retail is doing well in San Antonio, says Marilynn Glasscock, with Dominion Realty Advisory Group Inc. She presented the retail outlook at a recent real estate gathering in San Antonio.

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