Home Depot Continues Maricopa County Expansion

Home Depot bought 11 acres at the Buckeye Commons shopping center for $7.7 million, adding to its explosive growth in the Phoenix metro area. The Phoenix Business Journal reports Home Depot plans to open a new store in Surprise this year — a 109,651-square-foot warehouse. Home Depot also opened a new store in the city of Maricopa at Stonegate Shopping Center, near Stonegate Road and the Maricopa-Casa Grande Highway.

The new store will be at Buckeye Commons shopping center, located at the southeast corner of Verrado Way and I-10. Sunbelt Investment Holdings Inc., the center’s developer, was the seller.

Home Depot will join Costco at Buckeye Commons. The home improvement company recently applied for a building permit valued at $11.6 million for a 137,347-square-foot store in Buckeye at 20410 W. Roosevelt St..

Buckeye Commons (photo) is expected to total 410,000 square feet in retail space upon completion.