Article originally posted in the Phoenix Business Journal on Nov. 13, 2026.

U-Haul Holding Co. has been headquartered in Phoenix’s midtown neighborhood for 59 years. The company has no plans to leave anytime soon.

The moving and storage giant has fully moved some 2,000 employees into its new 25-story office tower at 20 E. Thomas Road, just a block away from its long-time iconic office at 2727 N. Central Ave. The transition marks the beginning of a new chapter in a much larger space, two years after the company acquired one of the tallest building in the Valley in a $23.7 million deal.

U-Haul is one of Arizona’s largest employers, with nearly 4,000 employees in the Grand Canyon State at last check, and is one of the Valley’s most prominent public companies with a market cap in excess of $10.6 billion as of Nov. 13.

Hundreds of U-Haul (NYSE: UHAL⁠) employees and their loved ones packed inside the company’s Shoen Family Conference and Fitness Center on Nov. 12 to celebrate the opening of the new office tower. The event ended at dusk with the debut illumination of U-Haul’s new tower signage, as orange confetti filled the room.

U-Haul acquired the 548,938-square-foot office tower in December 2024. It was previously occupied by CenturyLink⁠, and the building was foreclosed upon in June 2024 by lender Second Step Asset Management Co., an affiliate of Bank of America⁠.

Approximately 2,000 employees will now work in the building — which has been renamed The U-Haul Tower.

Why did U-Haul move offices?

When U-Haul relocated to Phoenix in 1967 from Portland, Oregon, it took up about four floors of its original headquarters building on Central Avenue, U-Haul’s chairman and CEO, Joe Shoen, said at the event. The company eventually expanded to all 22 floors across the two towers where it has operated ever since.

Space was one of the main factors being considered when the company started looking for a new home, Shoen said.

“Now, it won’t be jam-packed. We were jam-packed,” Shoen told the Business Journal. “We went from about 300,000 square feet to 500,000 square feet. So, in that case, we have a lot of room to grow here.”

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