Commercial Investment Real Estate (CIRE) Equity announced the addition of new tenants at Park West Shopping Center in Peoria. Hash Kitchen, The Sicilian Butcher, The Sicilian Baker Cannoli Bar & Market, Jalapeno Inferno and Pita Jungle are joining the lineup of restaurants, retailers and entertainment experiences at the outdoor lifestyle destination. As a part of the $4 million renovation at Park West, these dining options are continuing the transformation. FOREVER 21, Koi Poke, Orange Theory Fitness and Creamistry are also opening at the center in 2019, and Cold Beers & Cheeseburgers which already opened.
“It’s an exciting time for all of us, as the tremendous growth in the West Valley has assisted us in securing some of the best retail and restaurant concepts in the Phoenix Market,” said Alexis Volen, vice president of asset management at San Diego based CIRE Equity. “We are thrilled to see Park West evolve into the premier family-friendly shopping and entertainment destination in the area. Our work does not end here, as we will continue to build upon the foundation which we have achieved thus far.”
CIRE Equity announced the $4 million improvement plans in November 2018. Renovations to Park West also include an agave-shaped splash pad in the plaza, as well as wood-lattices, misters and greenery that will line the walkways of the center. Signage for Park West and its tenants will embellish both sides of the Loop 101 freeway, while new monument signs will be at the exits along Northern and 99th avenues. A grand re-opening will happen in the fall.
“The tenant mix and the revitalization of the center really caught our attention—any mix this strong was super attractive to us for placing our first West Valley location,” said Andre Wadsworth, co-owner Creamistry Arizona. “We are thrilled and can’t wait to open our doors.”
Park West’s newest occupants have been brought in by The Corritore Company. The Scottsdale-based specialty real estate firm has helped a variety of shopping centers grow into prominent destinations across the Valley.
“This variety of businesses doesn’t exist anywhere else in the West Valley,” said John Corritore, president and founder of The Corritore Company. “Park West has attracted a powerful mix of tenants to complement the existing retailers and restaurants.”