Costco buys land in West Valley

By Audrey Jensen | Phoenix Business Journal

Costco Wholesale Corp. (Nasdaq: COST) recently closed on a piece of land for $5.7 million for a planned wholesale and retail store at the southeast corner of Interstate 10 and Verrado Way in Buckeye.

The company purchased the 22-acre Phoenix metro site from San Diego-based Sunbelt Investment Holdings Inc., or SIHI, in November, according to Maricopa County records and real estate database Vizzda.

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