Costco to build new store in Broward after $6M deal


Costco Wholesale Corp. has closed on a site in Coral Springs after receiving city approval in December to build a store there.

WCP Kensington LLC, managed by Bruce R. Cohen of Chicago-based Wrightwood Capital properties, sold the property near the northeast corner of Wiles Road and Coral Ridge Drive to Costco (Nasdaq: COST) for $6.1 million. The 17.24-acre site is just south of the Sawgrass Expressway.

It was seized in foreclosure in 2009.

Costco secured city approval for a 157,000-square-foot…

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