Costco stays tight-lipped on its plans for Oklahoma locations
Costco is said to be among big-name retailers that are “kicking the tires and searching for locations” in Oklahoma City, according to Price Edwards & Co. Others include Cabella's, Nordstrom Rack, Von Maur and Ruth's Chris, Price Edwards said.
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Expect announcements of new construction in 2013.”
Price Edwards,
The mission: “Our mission is to have Costco build on the land they already own in Tulsa.”
Whatever Costco's stake in the state, as recently as last August Costco was considered a no-go here by retail specialists at an International Council of Shopping Centers Idea Exchange in Oklahoma City — largely because of the state's restrictions on alcohol sales.
Costco in Tulsa, and Costco bypassing Oklahoma City, aside, 2012 was a good year for retail in Oklahoma City, Price Edwards reported, especially for national store chains.
“Oklahoma City probably saw the most national tenant leasing in the last 10 years,” with new-to-the-market names, new concepts and expanding tenants, the firm said. “Newer well-located space is generally well occupied. ... There isn't much space available for tenants in the best locations, which is a hindrance for attracting more national and big-name tenants.
“Consequently, a number of new projects are in some stage of development; expect announcements of new construction in 2013.”
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