Discount Tire is planning to develop a new corporate headquarters following the acquisition of 35 acres of land in Phoenix, Arizona, the company announced.
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, the company said.
“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.”
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, city officials said.
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.
Special attention in the development will be paid to the native desert landscape, indigenous vegetation, and connectivity to nearby trails.
