When Will Costco At Phoenix Christown Spectrum Mall Close?
After nearly 20 years, the Costco at Christown Spectrum Mall in central Phoenix will close.
Employees are telling Costco members the warehouse near 19th Avenue and Bethany Home Road will close this September. That’s the same month Costco is expected to open a new store in Surprise where some employees will be transferred.
While Costco’s corporate office declined to comment, a spokesperson for Kimco Realty which handles leasing for Christown Mall, told KJZZ they were disappointed to learn Costco would not be renewing their lease.
“Kimco is committed to providing our customers with the tenant mix that will best serve their needs and ensure the long-term health of this shopping center, and we are actively marketing the space to a variety of retail and entertainment tenants,” said Jennifer Maisch.
At the majority of its locations in the United States and Puerto Rico, Costco does not lease- rather it owns buildings and land. Out of 543 U.S. and Puerto Rico locations listed in its annual report, Costco owned 437. At 106 locations, the company either leased the land or building.
As of Dec. 31, 2019, the multi-billion dollar company reported 18 locations in Arizona. After the Christown Spectrum location closes, the nearest Costco Warehouse will be near 44th Street and Thomas Road. A Costco Business Center Warehouse is located near 33rd and Grand avenues which has no tire center, pharmacy, optical department and other services and items provided at the Christown location.
According to its 2019 annual report, Costco has nearly 54 million members worldwide. It operates 785 warehouses, including 546 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, one in Iceland, one in France, and one in China.