Costco (COST) could open new business center in former Fry's Electronics store in Tempe - Phoenix Business Journal

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The Valley is home to 10 Costco warehouses locations but just one business center. phoenix $COST

In the presentation, staff said the proposed business center would be 148,000 square feet and a 15-acre site. The store could open in late 2023, though, that slide of the presentation was accompanied by a question mark.

"We’re excited to have a large empty box in that area be filled and excited to have Costco and their business store be located there," Rutherford said."[The presentation] was an update of what's going on in the city. We briefly highlighted several projects throughout the city that are upcoming, what's happening now and in the future.

As of Sept. 30 — the latest shown building permits by the city of Tempe — Costco has not filed a building permit for 2300 W. Baseline Road. Maricopa County records show that the property is still owned by Gila LP, an entity linked to Fry's Electronics thaton 17 acres with a cash down payment of just less than $4 million in 1997. The building was built in 1994, county records show.

Fry’s Electronics closed the location along with its remaining 30 stores in nine states in February 2021 after 36 years in business,“We’re really excited to have it be housed again,” Rutherford said. “That business center that Costco does really impacts the small businesses. I think it's going to be a great location, especially right off I-10. ... The impact’s not going [to be felt just] in Tempe, but really, the East Valley.”just one business center, at 3801 N. 33rd Ave in Phoenix.

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