Discount Tire plans 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 for $29.4 million. Proceeds from the sale go to fund public education in the state.

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 facility will house more than 1,000 workers. 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 has expanded it operations across the U.S. The company serves customers at more than 1,100 stores in 37 states. Discount Tire acquired Tire Rack, a direct-to-consumer tire retailer, and distributor, in 2021. It sponsors the NASCAR #2 car.