Wells Fargo Bank purchased the 133,000-square-foot office building at 11601 N. Black Canyon Highway in Phoenix. The Kitchell Metro Center building sold for $16.05 million, more than $120.65 per square foot. Wells Fargo Bank currently occupies approximately 75% of the building. As part of its original lease, Wells Fargo had the option to purchase if the building went on the market. The remaining portion of the building is currently offered for lease. The seller, Metro Office Partners LLC, a subsidiary of Kitchell Development, did not have outside broker representation. Brad Anderson of CB Richard Ellis represented the buyer.