Discount Tire Acquires Desert Ridge Corporate Center in Phoenix

Main Retailer Has Been Tenant at 12-acre Campus Since 2019

PHOENIX, Dec. 27, 2024 /PRNewswire/ — Low cost Tire via its affiliated actual property division, Halle Properties, LLC, closed on the acquisition of Desert Ridge Company Middle I and II in Phoenix. Desert Ridge consists of 275,208-square-feet of multi-tenant use workplace house throughout two four-story workplace buildings initially constructed in 2005 and 2007.

Low cost Tire at the moment occupies a complete flooring at Desert Ridge, which homes part of the main nationwide retailer’s company features. Based in 1960 by Bruce T. Halle, Low cost Tire operates greater than 1,200 tire retail shops throughout the U.S. and a sturdy on-line tire and wheel procuring expertise. The corporate employs greater than 3,500 individuals in Arizona and persistently ranks amongst America’s prime performing manufacturers for customer support.

“Buying further workplace house that lots of our individuals already know and luxuriate in helps safe our near-term future to create the most effective, optimistic working expertise whereas additionally offering flexibility as we consider the wants of our rising operations and company presence in Arizona,” mentioned Dean Muglia, Chief Govt Officer at Low cost Tire.

The 12.196-acre Desert Ridge web site is situated 4.7 miles from Low cost Tire headquarters and one mile from the 35-acre web site Low cost Tire acquired in December 2022. Desert Ridge is designed as a extremely amenitized property with a three-level parking construction and close by entry to greater than 30 eating and procuring choices and the 1.2 million square-feet Desert Ridge Market retail heart.

About Low cost Tire
Low cost Tire is a number one impartial retailer of tires, wheels, and windshield wipers. Based in 1960 by Bruce T. Halle, the corporate serves clients at greater than 1,200 shops in 39 states. The corporate does enterprise as Low cost Tire in a lot of the U.S. and as America’s Tire in components of California and Pennsylvania. Treadwell, Low cost Tire’s proprietary on-line tire-buying information, makes use of a long time of knowledge and particular person driving habits to suggest the precise tires for every driver’s distinctive wants. For extra data, go to www.discounttire.com.

Contact: Greg Miller
Press Cellphone: 844-400-0221
Press E-mail: [email protected] 

SOURCE Low cost Tire