PHOENIX — Discount Tire/America's Tire has acquired 35 acres in northern Phoenix where it plans to build a 300,000-sq.-ft.-plus corporate headquarters campus to replace its existing headquarters in nearby Scottsdale, Ariz.
Discount Tire did not disclose when it anticipates the new facility might be ready for occupancy, saying only that development is expected to commence in phases with infrastructure improvements starting within 12 months.
The company — considered the No. 3 independent retail tire dealership based on the number of outlets — paid $29.4 million for the property 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.
Discount Tire established its headquarters in Scottsdale in 1970 when founder Bruce Halle moved the business there from Michigan.
"Our commitment is to create the best, most positive experience for our people," Discount Tire Chairman Michael Zuieback said.
"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."
The proposed 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, Discount Tire said. As many as 1,100 employees could be housed at the site.