PHOENIX—In this edition of Deal-Tracker, CBRE completes the sale of Metro Commons, a multi-tenant retail center located at 3121 W. Peoria Ave. in Phoenix. The 17,755-square-foot, class A retail center sole for of $7.78 million.

Andrew Fosberg, Cam Stanton, Chris Ackel and Molly Busch with CBRE's Phoenix office represented the seller, an entity formed by Jacor Partners of Phoenix. The buyer was Brentwood, CA Roseben MC, LLC.

“Metro Commons is an excellent example of a quality, infill redevelopment project. The seller tore down an old office building and turned the corner into thriving retail location,” says CBRE's Fosberg. “The strip retail center commanded an impressive per square foot price of $438.”