Commercial Investment Real Estate (CIRE) Equity announced five new tenants at Park West in Peoria. FOREVER 21, Cold Beers & Cheeseburgers, Koi Poke, Orange Theory Fitness and Creamistry are all slated to open soon. The lifestyle outdoor shopping center is also about to get a massive renovation, valued at over $4 million, solidifying it as a prominent destination for dining, fitness and entertainment in Metro Phoenix. Phase 1 of the renovations are scheduled to be completed by spring 2019 with a grand re-opening of the property scheduled for fall 2019.
“Park West is an incredible location with easy access to the freeway in the heart of the West Valley,” said Jonathan Yee, senior property manager for CIRE at Park West. “This is a beautiful property loaded with potential, and we’re just getting started.”
Popular retail store FOREVER 21 is expected to open fall 2019. The 14,473 square-foot building, previously a vacant space, will be gutted and renovated. FOREVER 21 is the 5th largest specialty retailer in the United States and specializes in popular clothing and accessories for women, men and kids. It will be located near award-winning fashion retailers, Victoria’s Secret and Chico’s. The main intersection of Park West will be the center’s new retail core.