Centennial Awarded Management and Leasing for Plaza Bonita
DALLAS, TX – August 4, 2026
Centennial, powered by Lincoln, a national retail real estate owner and operator, has been awarded the property management and leasing assignment for Plaza Bonita, a 1.03 million-square-foot regional shopping center in National City, California. Centennial will oversee property management, leasing, specialty leasing, marketing, and accounting services for the center on behalf of its new ownership, a joint venture between Henderson Park and Lowe.
The assignment expands Centennial’s footprint in the San Diego market, adding one of the county’s most established retail destinations as new ownership prepares to invest in the property’s next chapter.
Paul Kurzawa, President & CEO of Centennial said “Henderson Park and Lowe have an exciting vision for the property, and we’re looking forward to working alongside them both to execute that vision through thoughtful leasing, exceptional operations, and experiences that keep customers coming back.”
Plaza Bonita has served the communities of National City, Chula Vista, and the surrounding region for more than four decades. Situated on more than 78 acres with direct access to Interstate 805 and Highway 54, the center is home to more than 150 retailers, restaurants, and entertainment destinations, including Macy’s, Target, JCPenney, AMC Theatres, Nordstrom Rack, and Round1.
Ownership plans to reposition the property through strategic capital improvements, merchandising upgrades and the introduction of additional mixed-use elements aimed at reinforcing Plaza Bonita’s position as one of the region’s premier shopping destinations. Centennial will support that effort through its integrated platform spanning operations, leasing, placemaking, marketing, and customer engagement.
Centennial brings extensive experience managing and leasing high-performing retail destinations nationwide. The company’s comprehensive services platform combines in-house expertise across property management, leasing, specialty leasing, marketing, and accounting to help owners maximize asset performance while creating vibrant destinations that serve both retailers and their surrounding communities.
With a portfolio spanning premier retail and mixed-use destinations across the country, Centennial’s owner-minded approach and operational discipline have helped drive successful repositioning efforts, strengthen tenant relationships, and create long-term value for institutional and private owners alike.
About Plaza Bonita
Plaza Bonita is a 1.03 million-square-foot regional shopping center located in National City, California, serving the greater San Diego market. Situated on more than 78 acres with convenient access to Interstate 805 and Highway 54, the center features more than 150 retailers, restaurants, and entertainment venues, including Macy’s, Target, JCPenney, AMC Theatres, Nordstrom Rack, Round1, and a wide variety of national and local brands. Plaza Bonita has served the region since 1981 and remains one of San Diego County’s leading retail destinations.
About 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, leasing, 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 Lincoln’s institutional capital strength, national scale, and vertically integrated real estate capabilities with Centennial’s specialized merchandising, leasing, and operations expertise.
For more information, visit: www.CentennialREC.com
Media Contact
Kate Terricciano
kate@imagemarketingconsultants.com
860.919.1020