Steve R. Wallach of Chula Vista, CA, purchased the retail building at 7111 E. Tierra Buena Lane in Scottsdale, AZ. The 18,000-square-foot property sold for $4 million, approximately $222 per square foot, at a 7.4 percent cap rate. Creative Leather Furniture currently occupies the entire building thru June of 2009. Dennis Heinonen of Heinonen Associates LLC represented the seller, CLF Kierland Holdings LLC. Vicki Knight of Diamond Realty represented the new owner.