Costco Begins Construction on Regional Warehouse, Plans Expansion

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas) Costco Wholesale Corporation has recently begun construction on the first phase of a new 200,000 sqft (square foot) regional distribution warehouse in Dallas, Texas. Utilizing Barkley Dean, out of Belleview, Washington, as their G/C, Costco expects to complete construction on the new warehouse in mid-2003.

Plans are in development for a $10 million expansion of the new warehouse. The second phase expansion would include the addition of another 200,000 sqft of warehouse space. Preliminary plans are to select a G/C for the expansion in the fall of 2003 with construction beginning in 4Q03.

Costco Wholesale Corporation, based in Issaquah, Washington, and trading under the Nasdaq ticker symbol "COST", is an international chain of membership warehouses that carry quality, brand name merchandise at lower prices. Costco operates 397 membership warehouses worldwide, (292 in the US, 60 in Canada, 20 in Mexico, and 24 overseas) employs over 92,000 people, and services over 18 million members. With revenues of over $34 billion annually, Costco is one of the world leaders in the discount warehouse business.