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L.A. Fund Manager's $17M Deal Opens Phoenix Door

SCOTTSDALE, AZ-The Capital Group Cos. Inc. strides into the Valley with a 106,193-sf, class A lease at the Pinnacle at Kierland III at 14636 N. Scottsdale Rd. The seven-year deal opens the door to a customer service center with as many as 500 jobs for the Valley.

By Jennifer D. Duell | Updated on November 03, 2004

SCOTTSDALE, AZ-The Capital Group Cos. Inc. has leased 106,193 sf of class A office space in the Pinnacle at Kierland III. The Los Angeles-based mutual fund manager is establishing a new customer service center and bringing 400 to 500 new jobs to the Valley.

“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.

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