California buyer scoops up Park West shopping center in Peoria

The 45-acre shopping center was sold for just over $116.7 million to California-based CenterCal Properties.

BY BRANDON BROWN/PHOENIX BUSINESS JOURNAL

Nov 13, 2026, 10:21 PM Updated: Nov 14, 2026, 7:38 am

Peoria retail center Park West, located on Northern Avenue just west of Loop 101, has been sold to California-based CenterCal Properties. (Photo via Wendi Collins 2016)

(Photo via Wendi Collins 2016)

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.

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