Centennial Earns Management and Leasing Contract for Arden Fair
Real Estate Owner/Operator Expands Already Strong California Footprint with New Management Services Agreement
DALLAS – May 16, 2024 – 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 (www.centennialrec.com), announced today that it has been awarded the management and leasing contract for Arden Fair, a regional shopping center located in the heart of Sacramento, California. Under the agreement, which will take effect June 17th, Centennial will provide a full spectrum of management services, including property management, leasing, marketing and accounting for the property.
“Centennial’s expertise in successfully managing third-party assets coupled with our growing footprint in the California retail real estate market perfectly positions us to manage this well-situated Northern California property,” says Whitney Livingston, Centennial’s president. “Helping shopping center owners from coast to coast manage complex retail environments to capitalize on their retail real estate investments has become a hallmark of success for Centennial, a trusted partner with a proven playbook for creating value in assets that are poised for growth.”
Comprised of 1.1 million square feet of retail and dining space, Arden Fair takes full advantage of its prime location in the heart of California’s capital, delivering access to nearly 150 retailers, including Apple, COACH, Macy’s and lululemon, and an array of popular restaurants, including Seasons 52, BJ’s Restaurant & Brewhouse, GEN Korean BBQ, 85°C Bakery Cafe, and Cinnabon. The center’s addition to Centennial’s growing portfolio of owned and managed properties further expands the firm’s California footprint, which includes MainPlace, Pacific City, Valencia Town Center, and Mission Valley in Southern California. It also positions Arden Fair to take advantage of the market experience of Centennial’s 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.
Other notable properties that Centennial manages on behalf of third-party owners include Pacific City in Huntington Beach, California; Promenade Saucon Valley in Center Valley, Pennsylvania; and MarketFair in Princeton, New Jersey. To see Centennial’s complete property portfolio, visit https://centennialrec.com/retail-places/centennial-collection.
About Arden Fair
Conveniently located in the heart of Sacramento, California, Arden Fair is a 1.1 million-square-foot shopping center featuring nearly 150 premier apparel and specialty shops, including Apple, COACH, Banana Republic, Michael Kors, lululemon, Macy’s and Quay Australia. An array of dining options at the center include popular destinations like Seasons 52, BJ’s Restaurant & Brewhouse, GEN Korean BBQ, 85°C Bakery Cafe, and Cinnabon. To learn more, visit the center at https://www.ardenfair.com or follow Arden Fair on Facebook and Instagram.
About Centennial
Centennial is a 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 delivered through Centennial Advisory Services, its third-party property and asset management division. Rooted in retail since 1997, Centennial is focused on shaping the evolution of American retail by creating a superior multi-faceted shopping experience through properties that serve not only as a place of commerce, but as a place of community. For more information, visit CentennialREC.com.
Media Contacts:
Deborah Blackford
Blackford & Associates
blkfrdpr@gmail.com
714-280-8765
Karen Franse
Blackford & Associates
386-649-1887
Carmen Herlihy
Blackford & Associates
646-770-2623