Issaquah, Washington-based Costco Wholesale Corp. (Nasdaq: COST), one of the nation’s largest value retailers, is in the market for up to 1 million square feet of distribution space in Houston, sources with knowledge of the deal told the Houston Business Journal.
Costco has been looking to acquire land in west and northwest Houston, sources say. The company is looking for enough land to accomodate as much as 1 million square feet of distribution space. Roughly 80 or so acres could accommodate that size of a development, sources say.
The company has been considering buying land in Pintail Crossing Business Park, a 150-acre land parcel that Houston-based Hines is developing into an industrial park that’s focused on distribution tenants, sources say. The park is just east of Brookshire at the northwest corner of Interstate 10 and Igloo Road, between Seattle-based Amazon’s 1 million-square-foot distribution center and Igloo Products Corp.’s headquarters and distribution center.
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