The company isn't saying how much it paid for the site and theinformation was not otherwise immediately available. The companydoes, however, say that the average cost of developing a new storeis $14.9 million per location, including land costs. In addition,each new store requires approximately $3.5 million to financeinventories, net of vendor financing.

The acquisition by Home Depot means it will have another chanceto build in Beaverton. In April, plans for a downtown store onproperty the company has optioned were shot down by the City'splanning commission. The new project includes plans to rebuild aChuck-E-Cheese restaurant currently operating on the MontgomeryWard property.

Home depot opened 118 new stores in the first half of 2001 --compared to 81 stores opened during the first half of 2000 -- andplans to open a total of 200 new stores by the end of the year.Approximately 92% of these locations will be owned, and theremainder will be leased.

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