Costco Buys Out Kimco at Alhambra Plaza it’s Leased Since 1990

Costco Wholesale has bought the ground beneath its Alhambra warehouse for $58.9 million, ending 36 years as a tenant at the 195,473-square-foot Costco Plaza and taking full ownership of the site for the first time since the store opened in 1990. The retailer also picked up an adjacent parcel previously owned by its landlord, Kimco Realty, as part of the same transaction.

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