Real Estate Owner/Operator Grows Presence in Western Market, Expands California Management Portfolio with New Service Agreement
DALLAS, Feb. 6, 2025 /PRNewswire-PRWeb/ -- Centennial, a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners (http://www.centennialrec.com), announced today that it has been awarded the management and leasing contract for Bella Terra, a popular open-air lifestyle shopping center in Huntington Beach, California, owned by PGIM Real Estate. Under the agreement, which took effect late last month, Centennial will provide a full spectrum of management services, including property management, leasing, marketing and accounting for the property.
"Being awarded the management contract for Bella Terra underscores the confidence retail real estate owners from coast to coast have placed in Centennial's proven management and stewardship capabilities," says Paul Kurzawa, Centennial's president. "With a carefully curated team of some of the industry's top experts in management and leasing, Centennial has developed a stellar reputation for creating value in assets like Bella Terra that are well positioned and poised for growth."
Comprised of 853,000 square feet of retail, dining and entertainment space, Bella Terra takes full advantage of its trendy location in the heart of Huntington Beach. The center features an array of desirable national retail brands like Athleta, J.Crew and Ulta as well as a number of popular restaurants and entertainment options like Mark Wahlberg's newest culinary adventure Flecha, The Cheesecake Factory, Chronic Tacos Mexican Grill, Century Theatres, The Golf Bar and Pinot's Palette. The addition of the center to Centennial's growing portfolio of owned and managed properties further expands the firm's growing California footprint, which includes MainPlace (Santa Ana), Pacific City (Huntington Beach), Valencia Town Center (Valencia), Mission Valley (San Diego) and Arden Fair (Sacramento) and positions Bella Terra to take advantage of Centennial's experienced West Coast regional office and talented California leasing and property management teams.
From strategic merchandising to innovative experiential marketing, customized placemaking solutions, community connections and digital solutions that seamlessly merge the physical and digital shopping experience, Centennial has a unique vision for the future of retail real estate that has led to the successful repositioning of retail properties in key markets nationwide. The in-house property management, marketing, leasing, accounting and development teams Centennial has carefully curated provide a robust services platform that excels in helping retail real estate owners navigate today's multi-faceted retail market while also planning for future value creation.
In addition to the five dominant California-based properties Centennial already owns or operates, other notable properties that Centennial manages on behalf of third-party owners nationwide include The Shops at North Bridge in Chicago; Liberty Center in Liberty Township, Ohio; and MarketFair in Princeton, New Jersey. To see Centennial's complete property portfolio, visit https://centennialrec.com/retail-places/centennial-collection.
About Bella Terra
Conveniently located off the I-405 freeway and Beach Boulevard, Bella Terra is an upscale outdoor shopping center in the heart of sunny Huntington Beach, California. The 853,000-square-foot lifestyle center is anchored by grocery giants Whole Foods and Costco and features and array of premier apparel and specialty shops, including Athleta, Barnes & Noble, J.Crew, Ulta, and Princess Bride Diamonds. Popular dining and entertainment options include Flecha, The Cheesecake Factory, Dog Haus, Jan's Health Bar, Rocky Mountain Chocolate Factory, Century Theatres, The Golf Bar and Pinot's Palette. To learn more, visit the center at https://www.bellaterra-hb.com or follow Bella Terra on Facebook and Instagram.
About Centennial
Centennial is a retail real estate investment firm with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service property management platform serving third-party owners. With over 300 employees nationwide, the company now operates 23 million square feet of mixed-use destinations in 18 states. Since 1997, Centennial has played a pivotal role in shaping the evolution of American retail by creating a superior multi-faceted shopping experience with properties that serve not only as a place of commerce, but as a place of community. For more information, visit CentennialREC.com.
Media Contact
Deborah Blackford, Blackford and Associates, 714-280-8765, [email protected]
Karen Franse, Blackford and Associates, 386-649-1887, [email protected]
SOURCE Centennial
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