Centennial

Centennial

Retail real estate owner and manager

Overview

Centennial is a full-service retail real estate company that owns, operates, and manages shopping centers and open-air destinations across 18 states. It oversees more than 25 million square feet with a team of 300+ professionals, delivering tailored experiences for investors, tenants, and communities. The company combines ownership, leasing, property management, and asset optimization to curate tenant mixes, activate spaces, and maintain properties to drive foot traffic and revenue. Its goal is to create places people love by connecting communities and boosting local economies.

Significant Headcount Growth

About Centennial

Simplify's Rating
Why Centennial is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Consulting

Real Estate

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Dallas, Texas

Founded

1997

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Simplify's Take

What believers are saying

  • March 31, 2026 unified Centennial and Lincoln into a purpose-built retail platform.
  • May 19, 2026 Lamar deal at MainPlace created new billboard revenue.
  • September 2025 Galleria Fort Lauderdale contract and November 2025 Kingsley wins prove operating traction.

What critics are saying

  • June 30, 2026 Steven Levin's exit removes the founder who built Centennial's playbook.
  • MainPlace's apartments and culinary district depend on Lowe, Affinius, and city permitting schedules.
  • If Lincoln prioritizes broader property-platform returns, Centennial becomes an internal service line.

What makes Centennial unique

  • Lincoln Property Company backs Centennial with capital, leasing, and nationwide operating infrastructure.
  • Centennial spans 25 million square feet across 18 states, blending ownership and third-party management.
  • Its repositioning expertise turns challenged malls like MainPlace into mixed-use destinations.

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Benefits

Health Insurance

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

401(k) Retirement Plan

Stock Options

Wellness Program

Mental Health Support

Phone/Internet Stipend

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
KERA News
Jun 9th, 2026
Plano City Council backs Dallas Stars arena proposal at $700M Willow Bend redevelopment site.

Plano City Council backs Dallas Stars arena proposal at $700M Willow Bend redevelopment site. Published June 9, 2026 at 11:19 AM CDT The Dallas Stars could get millions in tax breaks for a new stadium as part of a funding plan for a new $700 million arena and entertainment district in Plano after a city council vote Monday night. Plano city leaders voted Monday to support the proposed Dallas Stars arena at The Shops at Willow Bend, approving a series of measures designed to advance one of the largest redevelopment projects in the city's history. Following the vote, city leaders described the project as a major opportunity for Plano's long-term growth and redevelopment efforts. "Plano has built a reputation as a city that welcomes world-class partners and community-focused investment," Mayor John Muns said. "These actions are a significant first step as we evaluate the potential for a thoughtfully designed sports and entertainment district that reflects the priorities and values of our community." The Plano City Council approved a nonbinding letter of intent with the Dallas Stars organization, an economic development agreement with mall owner Centennial, and the creation of a new tax increment reinvestment zone - or TIRZ - to help finance future public infrastructure associated with the project. A TIRZ is a financing tool that uses future increases in property and sales tax revenue from a developing area to pay for public improvements and infrastructure within that area. Monday's vote does not authorize construction of the arena itself, but it establishes the framework for future negotiations and financing plans that would be required before development can move forward. Additional agreements and development approvals are expected to come before the council as planning for the project continues. In addition to serving as the future home of the Stars, the arena would also host concerts, cultural programming, and other sports and community events. The approvals mark a significant step toward bringing a new arena and mixed-use development to the aging Willow Bend property, which has experienced several major tenant departures in recent years. Under the economic development agreement, the city will provide up to $15 million in incentives to support redevelopment efforts. According to city documents, $10 million will help offset demolition costs for portions of the mall, including former retail and entertainment spaces, while $5 million will fund construction of a visitor center. The city estimates up to $700 million in public infrastructure costs associated with the project, which could be financed through the proposed TIRZ at the roughly 897-acre property surrounding the project area, and other venue-related funding mechanisms if approved in future actions. City officials determined redevelopment of the area is unlikely to occur through private investment alone and that the project could help stimulate economic activity, increase property values and generate additional tax revenue. Public comments were mixed. Some residents voiced support for redeveloping the struggling mall property. "These projects will bring economic vitality and great amenities to Plano," resident Joseph Landers told council. "We ask that they be implemented thoughtfully with strong maintenance, code enforcement, security, and safety measures to complement our established neighborhoods." Others questioned the use of public incentives and raised concerns about traffic, noise, neighborhood impacts and taxpayer costs. "My neighbors and I did not choose Plano to live next to a regional entertainment district," Venturonu said. "We chose it for the quiet streets, the good schools, and a city that puts its residents first." Plans outlined in the letter of intent also call for future discussions on transportation improvements, youth sports initiatives and small-business engagement programs. In addition to approving incentives and a new tax increment reinvestment zone, council members also advanced a measure that could allow Plano voters to decide whether to authorize additional funding mechanisms for the proposed arena. Under that plan, the city could seek voter approval for several venue-related taxes, including a hotel occupancy tax increase of up to 2%, a rental car tax of up to 5%, an event parking fee of up to $3 per vehicle, an admissions tax of up to 10% on event tickets and a venue use tax on professional sports teams. City officials say those revenue sources, along with future tax increment revenues, could help finance construction of the arena and related infrastructure improvements. A venue tax election could be held as early as Nov. 3, pending review by the Texas Comptroller and future council action. The Stars currently play at American Airlines Center in Dallas, where their lease expires in 2031. Team officials have identified Plano as their preferred location for a future arena and entertainment district. The vote comes as Dallas leaders grapple with a series of high-profile departures and relocation plans affecting the city's downtown core. In recent months, AT&T announced plans to move its headquarters to Plano, Neiman Marcus revealed it will close its longtime downtown flagship store, and both the Dallas Mavericks and Dallas Stars unveiled plans for future arenas outside downtown. Responding to those developments, Dallas Mayor Eric Johnson warned that neighboring cities are increasingly competing with Dallas for businesses, residents and major attractions, urging city leaders to work together on efforts to strengthen downtown and retain key institutions. "The wolf is at the door and the wolf is not in this room," Johnson said at a recent city council meeting. "The wolf is not in this room, the wolf is up the tollway." Emmanuel Rivas Valenzuela is KERA's breaking news reporter. Got a tip? Email Emmanuel at [email protected]. KERA News is made possible through the generosity of its members. If you find this reporting valuable, consider making a tax-deductible gift today. Thank you

Centennial
May 14th, 2026
Centennial CEO Steven Levin retires, paves way for President Paul Kurzawa's expanded leadership role.

Centennial CEO Steven Levin retires, paves way for President Paul Kurzawa's expanded leadership role. Levin to remain active in industry as Kurzawa embraces CEO role. DALLAS, TX - May 14, 2026 Centennial, powered by Lincoln, a national retail operating platform created to provide owners and investors with multi-discipline retail expertise, is ushering in a new era as long-time founder and CEO Steven Levin retires on June 30 and is succeeded by President Paul Kurzawa. Levin will continue in an advisory capacity over the next 12 months to help ensure a seamless leadership transition and will continue entrusting Centennial with the management of his portfolio properties, including The Shops at Willow Bend, as he remains active in the industry. "Growing Centennial into a respected leader in retail real estate has been a joy and a privilege over the past 30 years, and I have tremendous confidence in Paul Kurzawa and our executive team as they lead the organization forward into the next chapter," said Levin. "This is not farewell by any means. I remain deeply passionate about this industry and excited for what lies ahead." Levin established Centennial in 1997, and his innovative approach, rooted in an owner's mindset and a retailer's perspective, has positioned the company to set a lofty standard for the retail real estate industry. Time and again, Centennial has proven that when the right team and the right vision come together, even the most challenged assets can be revitalized into dynamic community destinations that drive long-term value for partners, clients and consumers alike. While building the Centennial brand, Levin has also cultivated an inclusive, people-first culture that is driven by entrepreneurship and creativity and championed by Kurzawa and Centennial's executive team. "It is an honor to lead this exceptional organization and build upon the strong foundation Steven has established over the past three decades," said Kurzawa. "Our vision remains unchanged: to be the retail real estate industry's most trusted partner and operator. With the continued support of Lincoln Property Company and the passion and expertise of our talented team, Centennial is exceptionally well-positioned to continue transforming properties into vibrant destinations that create long-term value for the communities, partners and consumers we serve." Kurzawa joined the Centennial team as president in 2024, contributing deep industry expertise across lifestyle, open-air, and enclosed retail environments as well as extensive operating acumen honed by decades of international multi-asset and multi-discipline experience. Earlier that year, Levin facilitated Lincoln's strategic investment in Centennial's operating business, formalizing the entities' history of collaboration and shared vision for the future of retail real estate. "I truly believe that Centennial is the best in the business," added Levin. "I expect to continue working closely with the company for years to come and look forward to remaining active in the industry while supporting Centennial's continued success." Centennial, powered by Lincoln Centennial, powered by Lincoln ("Centennial"), is a national retail real estate owner and operator overseeing more than 25 million square feet of retail and mixed-use destinations across 18 states. In addition to investing in and operating its own portfolio, the company provides a full-service property management and advisory platform serving institutional and private owners nationwide. As part of Lincoln Property Company, one of the nation's largest privately held real estate firms, Centennial operates as a purpose-built retail platform - combining institutional capital strength, national scale, and Lincoln's fully integrated real estate capabilities with Centennial's specialized merchandising, leasing, and operations expertise. About Lincoln Property Company Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. Media Contact Mindy Rohr VP, Communications & Digital Media [email protected] 205.795.5538

Merced Sun-Star
Mar 31st, 2026
Centennial and Lincoln launch "Centennial, powered by Lincoln" National retail operating platform.

Centennial and Lincoln launch "Centennial, powered by Lincoln" National retail operating platform. March 31, 2026 8:11 AM Gift Article DALLAS, TX / ACCESS Newswire / March 31, 2026 / Centennial, a national owner and operator of retail and mixed-use destinations, and Lincoln Property Company ("Lincoln"), a global full-service real estate firm, today announced the launch of "Centennial, powered by Lincoln," a national retail operating platform created to provide owners and investors with multi-discipline retail expertise supported by a vertically integrated real estate infrastructure. With Lincoln's 2024 acquisition of Centennial, the launch of Centennial, powered by Lincoln, formally connects the two brands and establishes a unified platform purpose-built for retail and mixed-use real estate. The partnership brings together Centennial's best-in-class merchandising, retail leasing and operations expertise with Lincoln's national scale and integrated real estate capabilities, creating a differentiated platform with significantly expanded capacity to drive value across complex retail and mixed-use assets for owners and investors nationwide. "Retail has never been more central to the performance of mixed-use assets, and owners are demanding a higher level of specialized expertise to unlock value. Centennial, powered by Lincoln, gives the market exactly that, a purpose-built retail operating platform backed by Lincoln's national scale, local market presence, and fully integrated real estate capabilities," said David Binswanger, Co-CEO of Lincoln. Through Centennial, powered by Lincoln, property owners and investors gain access to an integrated retail operating platform that pairs specialized retail strategies with deep local market insight and a full breadth of Lincoln's real estate services. In addition, the partnership expands Centennial's ability to pursue strategic investment opportunities through Lincoln's institutional capital relationships. "This is about scaling what we do best," said Paul Kurzawa, President of Centennial. "By combining our multi-discipline retail expertise with Lincoln's national reach and local market insight, we're able to support owners more effectively across the country while also expanding our ability to invest alongside our partners." As retail increasingly serves as the activation and experience-driven component of mixed-use developments, owners are seeking operating partners capable of delivering both data-driven merchandising strategy and strong day-to-day operational execution. Centennial, powered by Lincoln, is designed to meet that demand by providing a specialized retail platform supported by Lincoln's broader real estate services ecosystem. With this expanded platform, Centennial will continue to operate its national portfolio of retail destinations while expanding its ability to support third-party owners and pursue strategic investment opportunities alongside Lincoln. Centennial, powered by Lincoln, aims to enhance property performance and create vibrant destinations that deliver long-term value for investors and the communities they serve. About Centennial Centennial is a national retail real estate owner and operator overseeing more than 25 million square feet of retail and mixed-use destinations across 18 states. In addition to investing in and operating its own portfolio, the company provides a full-service property management and advisory platform serving institutional and private owners nationwide. Supported by a strategic investment from Lincoln Property Company, one of the nation's largest privately held real estate firms, Centennial combines institutional capital strength with national operating expertise to pursue strategic acquisitions while delivering best-in-class asset management and property operations. Founded in 1997, Centennial acquires, operates, and enhances retail and mixed-use destinations designed to serve as enduring centers of commerce and community. About Lincoln Property Company Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space.

The Construction Data
Mar 26th, 2026
Groundbreaking launches The Carina at MainPlace with 408 homes.

Groundbreaking launches The Carina at MainPlace with 408 homes. The transformation of MainPlace Mall has entered a significant new phase as local leaders, developers, and community stakeholders gathered to celebrate the groundbreaking of The Carina, a modern multifamily residential development set to bring 408 new apartment homes to the center of Santa Ana. This milestone reflects the ongoing evolution of MainPlace from a traditional retail hub into a vibrant mixed-use destination that blends residential living with shopping, dining, and entertainment experiences. The Carina is being developed through a collaboration between Lowe, Affinius Capital, and Centennial, all of whom share a vision of reimagining MainPlace as a dynamic urban environment. The project is designed to introduce contemporary living options within close proximity to retail and leisure amenities, offering residents a convenient and integrated lifestyle in one of Orange County's key urban centers. As part of this broader redevelopment effort, construction is also progressing on the new MainPlace Culinary District, a 1.25-acre destination that will serve as a focal point for dining and social interaction. The Culinary District is envisioned as a curated collection of chef-driven restaurants and local food concepts that reflect the cultural diversity and culinary creativity of Santa Ana. Positioned near Center Court, it will create a welcoming gateway into the shopping center while encouraging visitors to explore and engage with the surrounding spaces. The Culinary District is expected to play a vital role in connecting the retail environment with nearby residential neighborhoods. By creating inviting outdoor spaces and gathering areas, the development aims to foster a sense of community while enhancing the overall visitor experience. This integration of residential and commercial elements is central to the vision of transforming MainPlace into a true mixed-use destination. The groundbreaking ceremony brought together key figures from the development teams, along with local government officials and community representatives. Among those in attendance were Valerie Amezcua and Jessie Lopez, who joined executives from the partnering organizations to mark the beginning of construction on both The Carina and the Culinary District. Mayor Amezcua highlighted the importance of the project in supporting the city's long-term growth and development. She noted that the addition of modern residential communities such as The Carina, along with complementary amenities like the Culinary District, contributes to a stronger and more connected urban environment. By creating spaces where residents and visitors can live, work, and gather, the redevelopment is expected to deliver lasting benefits to the community. The Carina is designed to offer a contemporary residential experience, with thoughtfully planned apartments that cater to a range of lifestyles. Its location within the MainPlace complex provides residents with direct access to shopping, dining, and entertainment options, reducing the need for long commutes and supporting a more walkable urban lifestyle. This approach aligns with broader trends in urban development, where mixed-use environments are increasingly favored for their convenience and sustainability. According to Rob Reitenour, Senior Vice President at Lowe, the transformation of MainPlace is driven by a commitment to creating a welcoming and engaging destination for both residents and the wider community. He emphasized that the redevelopment is not just about adding new buildings, but about redefining how people interact with the space. By integrating residential living with retail and recreational offerings, the project introduces a new way of experiencing the area. Reitenour also pointed out that revitalizing MainPlace is expected to generate increased foot traffic, which will benefit local businesses and contribute to the economic vitality of Santa Ana. As more people visit the area for dining, shopping, and entertainment, the surrounding community stands to gain from new opportunities and sustained economic growth. The inclusion of the Culinary District further enhances this vision by creating a unique destination that celebrates local culture and cuisine. By featuring locally curated concepts and chef-driven menus, the district aims to attract a diverse audience while supporting regional talent. This focus on authenticity and quality is expected to set MainPlace apart from traditional shopping centers and position it as a destination in its own right. Overall, the groundbreaking of The Carina represents a pivotal step in the ongoing transformation of MainPlace. Together with the Culinary District and other planned developments, the project reflects a broader shift toward mixed-use environments that prioritize connectivity, community, and experience. As construction progresses, MainPlace is poised to become a more vibrant and inclusive destination that meets the evolving needs of residents and visitors alike. With strong partnerships, community support, and a clear vision for the future, the redevelopment of MainPlace is set to play a key role in shaping the next chapter of Santa Ana's urban landscape.

ApartmentBuildings.com
Mar 26th, 2026
Lowe breaks ground on apartments at Santa Ana's Mainplace.

Lowe breaks ground on apartments at Santa Ana's Mainplace. News | March 26, 2026 | Paul Bubny California & West + Apartment Buildings Community, civic and business leaders gathered Wednesday for the groundbreaking of The Carina, a new multifamily residential community at 2828 N. Mainplace Dr. that will bring 408 apartments to Mainplace in Santa Ana. Developed by Lowe, in partnership with MainPlace owner Affinius and owner/operator Centennial, The Carina is part of the continued evolution of MainPlace into a mixed-use destination. Also taking shape is the new MainPlace Culinary District, a 1.25-acre dining and gathering destination that will introduce locally curated culinary concepts and serve as a new gateway into the shopping center at Center Court. The district will serve as a natural connection between the shopping center and the surrounding residential communities as MainPlace continues its transformation into a mixed-use destination. Executives from Affinius, Centennial and Lowe were joined by Santa Ana Councilmember Jessie Lopez, and other community and business leaders to mark the groundbreaking of The Carina and Culinary District.

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