U-Haul Purchases Phoenix’s 3rd Tallest Skyscraper, Reveals Plans for 20 E. Thomas Road
U-Haul Holding Company has acquired the 548,938-square-foot 20 E. Thomas Road skyscraper in Midtown Phoenix, which will become the new headquarters for U-Haul International. The building, now named The U-Haul Tower, is the third tallest in Phoenix at 397 feet and 25 floors. The company plans a 24-month transition of its field-support teams from their current location at 2727 N. Central Ave. U-Haul, which employs 1,600 Team Members at its Midtown Campus and over 34,000 across North America, has been headquartered in Phoenix since 1967. The acquisition represents a significant expansion of U-Haul's Midtown Campus, which includes the recently opened Shoen Family Conference and Fitness Center.
U-Haul Holding Company ha acquisito il grattacielo di 20 E. Thomas Road di 548.938 piedi quadrati a Midtown Phoenix, che diventerà la nuova sede di U-Haul International. L'edificio, ora chiamato The U-Haul Tower, è il terzo più alto di Phoenix con i suoi 397 piedi e 25 piani. L'azienda prevede una transizione di 24 mesi per i propri team di supporto sul campo dalla loro attuale sede al 2727 N. Central Ave. U-Haul, che impiega 1.600 membri del team presso il suo campus di Midtown e oltre 34.000 in Nord America, ha la sua sede a Phoenix dal 1967. L'acquisizione rappresenta un'espansione significativa del campus di U-Haul a Midtown, che include il recentemente inaugurato Shoen Family Conference and Fitness Center.
U-Haul Holding Company ha adquirido el rascacielos de 20 E. Thomas Road de 548,938 pies cuadrados en Midtown Phoenix, que se convertirá en la nueva sede de U-Haul International. El edificio, ahora llamado The U-Haul Tower, es el tercero más alto en Phoenix con 397 pies y 25 pisos. La empresa planea una transición de 24 meses para sus equipos de soporte de campo desde su ubicación actual en 2727 N. Central Ave. U-Haul, que emplea a 1,600 miembros del equipo en su campus de Midtown y más de 34,000 en América del Norte, tiene su sede en Phoenix desde 1967. La adquisición representa una expansión significativa del campus de U-Haul en Midtown, que incluye el recientemente inaugurado Shoen Family Conference and Fitness Center.
U-Haul Holding Company는 미드타운 피닉스에 있는 548,938평방피트 규모의 20 E. Thomas Road 고층빌딩을 인수하였으며, 이곳은 U-Haul International의 새로운 본사가 될 것입니다. 이 건물은 현재 The U-Haul Tower라는 이름으로 불리며, 높이 397피트로 피닉스에서 세 번째로 높은 건물입니다. 회사는 현재 2727 N. Central Ave.에 위치한 필드 지원 팀을 24개월 동안 이전할 계획입니다. U-Haul은 미드타운 캠퍼스에서 1,600명의 팀원을 고용하고 있으며, 북미 전역에서 34,000명 이상이 근무하고 있습니다. U-Haul은 1967년부터 피닉스에 본사를 두고 있습니다. 이번 인수는 최근에 개장한 Shoen Family Conference and Fitness Center를 포함한 U-Haul의 미드타운 캠퍼스의 중요한 확장을 의미합니다.
U-Haul Holding Company a acquis le gratte-ciel de 20 E. Thomas Road, d'une surface de 548 938 pieds carrés, à Midtown Phoenix, qui deviendra le nouveau siège d'U-Haul International. L'immeuble, désormais appelé The U-Haul Tower, est le troisième plus haut à Phoenix, avec ses 397 pieds et 25 étages. L'entreprise prévoit une transition de 24 mois pour ses équipes de soutien sur le terrain depuis leur emplacement actuel au 2727 N. Central Ave. U-Haul emploie 1 600 membres d'équipe dans son campus de Midtown et plus de 34 000 à travers l'Amérique du Nord, et a son siège à Phoenix depuis 1967. Cette acquisition représente une expansion significative du campus de U-Haul à Midtown, qui comprend le tout nouveau Shoen Family Conference and Fitness Center.
U-Haul Holding Company hat den 548.938 Quadratfuß großen 20 E. Thomas Road Wolkenkratzer im Midtown Phoenix erworben, der die neue Zentrale von U-Haul International werden wird. Das Gebäude, das jetzt The U-Haul Tower heißt, ist mit 397 Fuß und 25 Etagen das dritthöchste in Phoenix. Das Unternehmen plant einen 24-monatigen Übergang seiner Feldsupport-Teams von ihrem aktuellen Standort in der 2727 N. Central Ave. U-Haul beschäftigt 1.600 Teammitglieder in seinem Midtown-Campus und über 34.000 in Nordamerika und hat seinen Hauptsitz seit 1967 in Phoenix. Der Erwerb stellt eine bedeutende Erweiterung des U-Haul Midtown-Campus dar, der das vor kurzem eröffnete Shoen Family Conference and Fitness Center umfasst.
- Acquisition of 548,938-square-foot prime real estate property in Phoenix
- Strategic expansion of existing Midtown Campus operations
- Consolidation of operations to improve efficiency at headquarters
- Strong market presence with 23,000 locations across U.S. and Canada
- Extensive self-storage portfolio with 1 million+ rentable units across 2,334 owned stores
- None.
Insights
The acquisition of Phoenix's third tallest skyscraper represents a significant capital investment and strategic move for U-Haul. The 548,938-square-foot building will serve as a consolidated headquarters, potentially generating operational efficiencies and cost savings through the centralization of their 1,600 Midtown Campus team members. This real estate investment demonstrates U-Haul's strong financial position and long-term commitment to growth in Phoenix.
The transaction timing is strategic, as commercial real estate prices in many markets are currently favorable for buyers. While the purchase price wasn't disclosed, this Class A office asset acquisition will likely appreciate over time, adding significant value to U-Haul's balance sheet and providing a hedge against future real estate cost increases. The consolidation of operations could also result in reduced overhead costs and improved operational efficiency.
This acquisition is particularly noteworthy in the current commercial real estate market context. The purchase of a major office tower, especially in Phoenix's Midtown district, signals confidence in the office sector despite broader market uncertainties. The property's prime location and impressive specifications - 25 floors and 397 feet height - make it a trophy asset with strong long-term value potential.
U-Haul's expansion of its Midtown Campus footprint through this acquisition could have positive implications for the local real estate market, potentially attracting additional corporate tenants and development to the area. The company's demonstrated commitment to the area through various property investments, including their wellness center, suggests a broader strategy to enhance the entire district's value proposition.
U-Haul has acquired the 20 E. Thomas Road skyscraper in Midtown Phoenix, which will serve as the Company's headquarters. Pictured in front of the new U-Haul Tower are (L-R): Stuart Shoen, Royal Shoen, U-Haul Chairman Joe Shoen, and Sam Shoen. (Photo: Business Wire)
Purchase of The U-Haul Tower, as it will now be known, was finalized on Dec. 6.
The 548,938-square-foot building reaches 25 floors and 397 feet, making it the tallest high-rise outside of
While plans call for The U-Haul Tower to become the new anchor of the U-Haul Midtown Campus, a thoughtfully planned transition of U-Haul field-support teams to 20 E. Thomas from 2727 N. Central Ave. (one block away) is expected to take place over the next 24 months.
U-Haul, one of Phoenix’s leading employers, has 1,600 Team Members based at its Midtown Campus and more than 34,000 Team Members across its North American network. Find U-Haul careers at uhauljobs.com.
“Our eventual move to the tallest building in Midtown Phoenix is both symbolic and substantive. It reflects the position our team has built as an industry and community leader over the past eight decades,” stated Sam Shoen, Vice Chair of U-Haul Holding Company. “For the past 57 years, U-Haul has been headquartered in Midtown Phoenix. As we look out to the decades to come, The U-Haul Tower will be home to the premier workforce in the Valley.”
U-Haul has been based in
The U-Haul Midtown Campus has grown extensively during the last decade and includes numerous properties lining Roanoke Avenue between Central and 3rd Street. Among those is the 54,208-square-foot Shoen Family Conference and Fitness Center, the country’s premier corporate wellness center and a campus showpiece since 2021. Its opening reaffirmed the Company’s commitment to its Team Members and its long-term investment in the Midtown community.
“I vividly recall when my father relocated U-Haul to
U-Haul services millions of customers annually at 23,000 locations across the
Joe Shoen has led the Company’s growth and evolution since 1986. U-Haul was founded by his parents, WWII Navy veteran L.S. Shoen and Anna Mary Carty Shoen, in 1945 in
The iconic do-it-yourself moving and self-storage company will mark 80 years of meeting the residential mobility needs of Americans in 2025.
Kidder Mathews broker Ryan Eustice represented the buyer, and Cushman & Wakefield brokers Eric Wichterman, Chris Toci and Mike Coover represented the seller in this transaction.
About U-HAUL
Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,000 trucks, 138,700 trailers and 39,500 towing devices. U-Haul is the third largest self-storage operator in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241206494838/en/
Jeff Lockridge
Sebastien Reyes
E-mail: publicrelations@uhaul.com
Phone: 602-760-4941
Website: uhaul.com
Source: U-Haul Holding Company
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