CenterCal Properties has acquired Park West Shopping Center, a 254,982-square-foot open-air retail property in Peoria, Arizona. The theater-anchored lifestyle center, originally completed in 2007, is located at 9744 W Northern Ave and is described as a well-established retail destination within the broader Phoenix market.
Park West is currently 92% occupied and anchored by a Harkins Theatre, providing a primary entertainment draw for the property. The center includes a curated mix of national, regional and local tenants, with restaurants, specialty retailers and apparel brands contributing to traffic and dwell time at the site.
Notable tenants at the property include Fleming’s, Grimaldi’s, Athleta, BJ’s Restaurant & Brewhouse, Pita Jungle, See’s Candies, The Sicilian Butcher and Vans, alongside other complementary retail and dining concepts. This combination of entertainment, dining and shopping positions the center as a lifestyle-oriented destination rather than a traditional power center.
The shopping center is located within Peoria’s West Valley, a rapidly growing region of metropolitan Phoenix. The property benefits from direct access to Loop 101, one of the area’s primary transportation corridors, which enhances regional connectivity and visibility. This location allows Park West to draw from a large and affluent consumer base, as well as visitors moving through the broader Phoenix area.
According to the parties involved, the center sits within a mature and expanding retail corridor that continues to attract residents, businesses and visitors seeking convenient access to the western portion of the Phoenix metropolitan region. The combination of established tenancy, high occupancy and strong regional connectivity underpins the property’s positioning within the local retail landscape.
JLL Capital Markets advised on the transaction, with Tess Berghoff, Patrick Dempsey and analyst Ross Jorgensen representing the seller, CIRE Equity. CenterCal Properties emerged as the buyer of record for Park West Shopping Center. No transaction pricing or financing details were disclosed in connection with the sale.
