Discount Tire Expands Presence with Purchase of Desert Ridge Corporate Center
Discount Tire, in conjunction with its real estate division Halle Properties, LLC, has successfully acquired the Desert Ridge Corporate Center I and II, located in Phoenix. This sizable campus comprises 275,208 square feet of office space spread across two four-story buildings that were built in 2005 and 2007.
Since 2019, Discount Tire has been a tenant at Desert Ridge, occupying a full floor which serves part of the company’s corporate functions. Founded in 1960 by Bruce T. Halle, Discount Tire has grown to operate over 1,200 tire retail stores across the nation and boasts a strong online shopping platform for tires and wheels. The company employs upwards of 3,500 personnel in Arizona and is frequently recognized for its exemplary customer service.
Chief Executive Officer Dean Muglia stated, “Acquiring additional office space that many of our people already know and enjoy helps secure our near-term future to create the best, positive working experience while also providing flexibility as we evaluate the needs of our growing operations and corporate presence in Arizona.”
The 12.196-acre Desert Ridge site is strategically located just 4.7 miles from Discount Tire’s headquarters and one mile from another site the company acquired in December 2022. The Desert Ridge property is known for its excellent amenities, which include a three-level parking structure and convenient access to over 30 dining and shopping options, as well as the extensive 1.2 million square-foot Desert Ridge Marketplace.
This acquisition not only enhances Discount Tire’s operational capabilities but also demonstrates the company’s commitment to providing a positive work environment for its employees, ensuring they can continue to excel in their roles. As Discount Tire continues to expand, it signals optimistic growth prospects for the company and underscores its importance in the Arizona economy.
This move is a promising indication of Discount Tire’s commitment to its employees and growth trajectory in the competitive market of tire retailing.