Phoenix — Discount Tire, a leading independent tire retailer, intends to develop a new corporate headquarters in Phoenix following the acquisition of 35 acres located near Loop 101 and State Route 51. Plans for a more than 300,000-square-foot office building and campus amenities are in the early stages.
Discount Tire purchased the site at a recent Arizona State Land Department public auction. Proceeds from the sale will be invested by the state in the Permanent Land Endowment Trust Fund to benefit K-12 education in Arizona.
“Our commitment is to create the best, most positive experience for our people,” says Michael Zuieback, chairman at Discount Tire. “We are pleased to acquire this property in Phoenix and begin work on an innovative, sustainable workspace that honors and strengthens the culture on which our company was founded.”
Development is expected to commence in phases, with the construction of infrastructure improvements beginning within 12 months. Special attention in the development will be paid to the native desert landscape, indigenous vegetation and connectivity to nearby trails.
The announcement represents one of the largest economic development deals of its kind in recent years in Phoenix. Discount Tire, which has maintained its corporate headquarters in Arizona since 1970 while expanding operations across the U.S., was applauded by Gov. Doug Ducey for the purchase.
“Discount Tire is one of Arizona’s greatest business success stories,” says Gov. Ducey. “From Bruce Halle’s first stores in Phoenix more than 50 years ago to growing to be the nation’s premier tires and wheels retailer, Discount Tire has always done business while giving so much back to Arizona and our communities. I’m grateful to Chairman Zuieback and the entire Discount Tire team for their continued dedication to our state and look forward to many more decades of their success.”
The future corporate campus will house Discount Tire’s headquarters and the offices of The Diane & Bruce Halle Foundation, a leading provider of philanthropic resources to local communities across the state of Arizona.
According to Phoenix Mayor Kate Gallego, the company’s decision to choose this location will translate to 1,100 high-value jobs.
Discount Tire is a leading independent retailer of tires and wheels. Founded in 1960, the company serves customers at more than 1,100 stores in 37 states. For more information, visit www.discounttire.com.
SOURCE: Discount Tire