Costco plans renovations to office tower it bought next to Dallas store, filings indicate

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Costco plans renovations to office tower it bought next to Dallas store, filings indicate
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The third North Texas location will be at Abram's Alley (300 E. Abram Street #150).

Millions of dollars worth of construction in cards for building at U.S. 75 and I-635Costco closed its purchase of the North Central Plaza I office tower in March.7:18 PM CDT April 8, 2024from our partners at the Dallas Business Journal

Instead, Issaquah, Washington-based Costco and design firm MG2 Architecture Corp. of Seattle have filed plans for $12.9 million in renovations to the roughly 198,000-square-foot office building and 590-spot parking garage at 12655 N. Central Expressway, according to four filings with the Texas Department of Licensing and Regulation.

The acquisition closed on March 28, according to a deed filed with Dallas County. Built in 1982, the building is on about four acres adjacent to the Costco store near the intersection of U.S. 75 and I-635 on Churchill Way, one of its 13 stores in the Dallas-Fort Worth area. The previous owner of the Dallas office building, Houston-based Hartman SPE LLC, filed for Chapter 11 bankruptcy protection in September and has been selling office and retail properties as its parent company, Silver Star Properties REIT Inc., shifts its focus to investing in self-storage.

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