Pierson Place

CBRE has negotiated the following multi-family sales transaction. ALDA 2011, LLC of Paradise Valley, Ariz., has purchased Pierson Place Apartments, a 28-unit multi-family property located at 365 W. Pierson St. in Phoenix. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and the seller, LSREF2 APEX (AZ) LLC of Dallas, Texas, in negotiating the $1 million sales transaction.