Discount Tire, a leading independent tire retailer, announced its intent to develop a new corporate headquarters in Phoenix following the acquisition of 35 acres located near Loop 101 and State Route 51. 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,” said 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. Together with the support of our partners at the City of Phoenix, Arizona Commerce Authority, and Governor Ducey’s office, we are grateful for the opportunity to make more dreams come true.”
“Discount Tire is one of Arizona’s greatest business success stories,” said Governor Doug Ducey.
Plans for a more than 300,000-square-foot office building and campus amenities are in the early stages. Development is expected to commence in phases, with the construction of infrastructure improvements beginning within 12 months. 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.
Also Read: EOFlow Submits Application to the U.S. FDA for its Wearable Insulin Pump ‘EOPatch’
“Discount Tire is one of Arizona’s greatest business success stories,” said Governor Doug 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.
SOURCE: PR Newswire