"They came to town and immediately focused on North Scottsdale," Jim Watkins with Lee & Associates Arizona's Phoenix office tells GlobeSt.com about the nod for the 14636 N. Scottsdale Rd. property, owned by Furst Properties. "It's a proven location."

Watkins tells GlobeSt.com that one of Capital Group's competitors, the Vanguard Group, has a presence in the Scottsdale Airpark. "Scottsdale is a proven location with an educated workforce, which made a large bearing on the decision," he explains.

According to Watkins, Capital Group had a lot of options in North Scottsdale that met its criteria of class A space and a class A environment. Within four months, however, the firm had honed in on Kierland. "They liked the Kierland development because of thehigh-quality office and retail in the area," he says.

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