PAYSON—Faris Lee Investments has completed the $15 million sale of Payson Village Center in Payson. The grocery-anchored center includes Bashas', a well-established Arizona grocery operator.

PHOENIX—The Esplanade is re-asserting its position on the Camelback Corridor with 70,000 square feet in new leases and renewals completed by the Phoenix office of JLL, and a $9 million renovation in the works by MetLife, Inc., owner of The Esplanade buildings I, II, IV and V.

PHOENIX—LeDonna Spongberg, a retail leasing professional, has joined the CBRE's Phoenix office as a first vice president.

PHOENIX—X Team International announced that partner Velocity Retail Group, based in Phoenix, represented Mattress Firm on three different leases throughout the state of Arizona.

PHOENIX—ABI Multifamily has closed the sale of a 276-unit, multifamily property, Glendale Commons Apartments. The buyer is a partnership through Dalan Management; the seller is a partnership through NV Investments, LP, based in Folsom, CA.

PHOENIX—In this edition of Deal-Tracker, a 94,885 square foot South Phoenix distribution building at 2021 E. Jones Ave. in Phoenix, sold for $5.12 million.

PHOENIX—The P.B. Bell Companies has begun construction on Velaire at Aspera, an apartment community within the Aspera mixed-use development in Glendale.

PHOENIX—DTZ closed the sale of Brookwood Commerce Centre, 4425 W. Olive Ave. in Glendale. United Realty MTA of Mesa purchased the 209,182-square-foot midrise office building for $9.9 million.