U-Haul Announces Expansion with Skyscraper Purchase in Phoenix

U-Haul Expands Headquarters with New Skyscraper Acquisition

U-Haul Holding Company recently made headlines with an impressive acquisition of one of Arizona's tallest skyscrapers. This strategic move reflects U-Haul's commitment to enhancing its operations and consolidating its workforce under one roof. Located at 20 E. Thomas Road in Midtown Phoenix, the iconic building will serve as the new headquarters for U-Haul International and its various subsidiaries.

The U-Haul Tower: A New Landmark

This newly named U-Haul Tower stands tall at 25 floors and reaches a height of 397 feet. With a substantial area of 548,938 square feet, this skyscraper is not only visually striking but also a notable addition to the skyline, being the tallest building outside of Downtown Phoenix. Previously known as the CenturyLink Tower, this structure has been a part of Phoenix's architectural landscape since it was built in 1989.

Plans for Transition and Development

U-Haul’s transition to The U-Haul Tower is expected to unfold over the next two years. As part of this transition, field-support teams will relocate from their previous office at 2727 N. Central Ave, which is just a short block away. This move will enable U-Haul to streamline its operations and cultivate a more cohesive working environment for its 1,600 Team Members operating in the Midtown Campus.

The decision to establish headquarters in such a prominent building symbolizes U-Haul's growth and influence in the industry. Sam Shoen, Vice Chair of U-Haul Holding Company, remarked on the significance of this acquisition, stating, "Our eventual move to the tallest building in Midtown Phoenix is both symbolic and substantive." His words highlight the company’s development and future ambitions.

History of U-Haul in Phoenix

U-Haul's legacy in Phoenix dates back to 1967 when it relocated from Portland, Oregon. Initially ensconced in the Central Towers, U-Haul has come a long way since its early days. The relocation to The U-Haul Tower represents the company's ongoing evolution and its determination to adapt to the needs of its workforce and customers.

A Commitment to Employee Wellness

The U-Haul Midtown Campus has undergone significant growth over the last decade. One of the most notable additions is the Shoen Family Conference and Fitness Center, a 54,208-square-foot facility dedicated to enhancing employee wellness. This center is a testament to U-Haul's commitment to its Team Members and its investment in the local community.

Innovations and Services Offered by U-Haul

U-Haul is recognized as a leader in the self-storage and moving industry, facilitating millions of relocations each year. With over 23,000 locations throughout the United States and Canada, U-Haul has made a name for itself by providing efficient solutions for individuals and families in need of mobility and storage services. Their extensive network includes more than one million rentable self-storage units across 2,334 facilities.

The U-Haul Fleet and Technological Advancements

The impressive U-Haul fleet encompasses 192,000 trucks and 138,700 trailers. Their dedication to technology has also led to the development of the U-Haul app, allowing customers to access trucks 24/7 through self-dispatch and return options. This innovative approach to convenience enables customers to manage their moving needs directly from their smartphones.

As U-Haul celebrates its 80th anniversary, the company has remained grounded in its founding principles while also adapting to the changing landscape of the moving industry. Founded by L.S. Shoen and Anna Mary Carty Shoen in 1945, the family-owned business has continued to successfully navigate the challenges of a rapidly evolving market.

Looking Forward: The Future of U-Haul

Joe Shoen, the company's Chairman, reflects on U-Haul's long-standing presence in Phoenix and its forward-looking vision. He expressed enthusiasm about the acquisition, stating, "This acquisition will help us build on our efficiency at the home office so that we can better support our field teams serving the mobility and storage needs of North America." This sentiment captures the essence of U-Haul’s approach to business: looking ahead while respecting its foundational history.

Frequently Asked Questions

What is U-Haul's recent purchase?

U-Haul recently acquired the third tallest skyscraper in Phoenix, which will become its new headquarters known as The U-Haul Tower.

How tall is The U-Haul Tower?

The U-Haul Tower is 397 feet tall and consists of 25 floors, making it a prominent feature in Midtown Phoenix.

When is U-Haul expected to complete the move to its new headquarters?

The transition to The U-Haul Tower is anticipated to take place over the next two years.

How many locations does U-Haul operate?

U-Haul has more than 23,000 rental locations throughout the U.S. and Canada.

What types of services does U-Haul offer?

U-Haul provides self-storage solutions, truck rentals, and moving services, catering to millions of customers annually.

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