CenterCal Properties Buys 255K-SF Arizona Retail Center

CenterCal Properties acquired Park West Shopping Center, a 254,982-square-foot theater-anchored lifestyle center located in Peoria, Arizona. Originally completed in 2007, Park West Shopping Center is located at 9744 W Northern Ave.

The 92%-occupied lifestyle center is anchored by a Harkins Theatre. The property features a curated collection of national, regional and local tenants, including Fleming’s, Grimaldi’s, Athleta, BJ’s Restaurant & Brewhouse, Pita Jungle, See’s Candies, The Sicilian Butcher, Vans and other complementary retailers and restaurants.

Located in Peoria within the rapidly growing West Valley region of metropolitan Phoenix, the property benefits from direct access to Loop 101, one of the area’s primary transportation corridors. The center serves a large and affluent consumer base and is strategically positioned within a well-established retail corridor that continues to attract residents, visitors and businesses seeking access to the broader Phoenix metropolitan area.

Tess Berghoff, Patrick Dempsey and Analyst Ross Jorgensen with JLL Capital Markets represented the seller, CIRE Equity, in the transaction.