Article originally posted in the Phoenix Business Journal on Nov. 10, 2026.

Peoria retail center Park West, located on Northern Avenue just west of Loop 101, has been sold to California-based CenterCal Properties, which owns several outdoor shopping centers across the Western United States.

The 45-acre shopping center sold just over $116.7 million, according to Maricopa County records and real estate database Vizzda. The property was sold by San Diego-based CIRE Equity, which purchased Park West for $34 million in 2017.

Park West is located across 19 different parcels, and the total sale of the property was completed with two different transactions.

Park West was built in the late 2000s and has become a dining hub in the West Valley with a roster of highly respected local and national brands including BJ’S Restaurant & Brewhouse, Cold Beer & Cheeseburgers, Fleming’s, Grimaldi’s, Hash Kitchen, Pita Jungle, the Sicilian Butcher, The Vig and Yama Sushi House.

The center is anchored by a Harkins Theatres location and has several retail, fitness and beauty tenants including Athleta, Club Pilates and Massage Envy.

The acquisition of Park Central marks CenterCal’s entry into the Phoenix and Arizona markets. The company, which was founded in 2004 and headquartered in Coast Mesa, California, has nearly 20 centers across California, Idaho, Oregon, Utah and Washington.

CenterCal took on $86.9 million in debt from Wells Fargo to acquire the West Valley center, according to Vizzda.

While Park Central already has 261,096 of retail and restaurant space, leasing materials show that the center has six sites on the east and west sides of the property where additional buildings could be built. If all were built out, it would add nearly 150,000 square feet of leasable space to the center.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2026/11/10/park-west-shopping-center-peoria-sold.html