This article is from the Australian Property Journal archive
WESTFIELD and wholesale retailer Costco have signed a deal to open new Costco stores at Westfield centers in three United States.
Costco will open at Los Angeles, California; Sarasota, Florida and Wheaton, Maryland.
In Los Angeles, Costco will open a 146,000 sq ft store to anchor the proposed “Village at Westfield Topanga,” sited between Westfield’s existing Topanga and Promenade centers.
In Sarasota, Florida, a former department store site will be redeveloped to house an approximately 145,000 sq ft Costco at Westfield Sarasota Square. This would be Costco’s first location in a wide expanse along Florida’s Gulf Coast stretching across Manatee, Sarasota, and Charlotte counties. Currently, the nearest Costco warehouse clubs to Sarasota are located over 40 miles away.
In Wheaton, Maryland, a suburban community just outside of Washington, D.C., an approximately 148,000 sq ft Costco will occupy the second level of a former department store site, with Westfield planning for the addition of mini anchors and new retail shops on the ground level below Costco.
The new stores are expected to open in late 2011/early 2012 at Sarasota and Wheaton, and late 2012 at The Village at Westfield Topanga.
Costco currently operates 570 warehouses, including 416 in the United States and Puerto Rico, 78 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia.
Australian Property Journal
