News alert: Costco buying B.R. property
Costco Wholesale Corp., the largest warehouse club chain in the United States, has signed a purchase agreement to acquire the former Coca-Cola bottling site on Airline Highway. The company signed a memorandum of agreement with Coca-Cola Bottling Co. United Gulf Coast late last month to acquire the 28-acre site, which is adjacent to Celtic Studios. Mark Hebert of Kurz & Hebert Commercial Real Estate, the listing agent on the property, confirms a purchase agreement has been inked but declines to comment further, citing a confidentiality agreement. Officials with Costco and Coke also decline to comment. Read Daily Report PM for additional details.
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