Competition from newer suburban malls, and the general decline of center city retail, sent PARK CENTRAL MALL into a downward spiral. Its anchor stores pulled up stakes in 1990 and 1995. By this time, the situation appeared so bleak that an ad was run in local newspapers, reminding Phoenicians that the (anchor-less) shopping center was still in business.
Advert from the Lehndorff Group
The foundering retail complex was converted into a mixed-use office, retail, restaurant and hotel hub between mid-1997 and late 1999. An abandoned J.C. Penney became a call center for Samaritan-Banner Health Systems. The old Diamond's-Dillard's morphed into a Catholic Healthcare West facility. By late 2008, the revitalized complex was known as simply PARK CENTRAL.
Photo from https://phoenix.org