The first transaction saw Costco purchase five acres of the WestCampus site at 35020 Enchanted Parkway South for $3.75 million.According to reports, the Issaquah-based warehouse retailer madethe purchase to preserve parking for its store there in light ofthe potential for further development. Costco officials were notimmediate available to comment.

In the second transaction, an unnamed Beverly Hills-based familypurchased West Campus Square's remaining 12.89 acres of undevelopedproperty under the name of West Campus Square Co. LLC. The propertygarnered Knutsen an additional $20.43 million. Bellevue-basedLiebson & Co.'s Brian Leibsohn, who brokered both sales forKnutsen, wouldn't name the family for GlobeSt, but said it ownsother Western Washington retail properties. Knutsen and formerpartner, Jim Lagerquist, developed 163,000 sf of retail at WestCampus in 1990, and Knutsen bought full ownership of the propertyin 1999. According to Liebsohn, Knutsen sold the land to"reallocate his equity."