Leadership Transition at Centennial: CEO Steven Levin Retires, Paul Kurzawa Steps Up
The retail real estate landscape is witnessing a significant shift as Centennial, a leading player in the industry, announces the retirement of its long-standing CEO, Steven Levin. As of June 30, 2026, Levin will step down, passing the leadership baton to President Paul Kurzawa, who will take on the role of CEO. While Levin's departure marks the end of an era, he will remain active in an advisory capacity for the next year, ensuring a seamless transition and continued growth of the company.
Steven Levin founded Centennial in 1997, and over the past three decades, he has been instrumental in establishing the company as a pivotal force in retail real estate. Under his guidance, Centennial has garnered a reputation for revitalizing retail spaces into thriving community centers that prioritize long-term value for clients and consumers alike. Levin's commitment to creating an inclusive culture rooted in entrepreneurship and creativity has set a precedent that Kurzawa and the executive team are expected to uphold.
In his farewell statement, Levin expressed his gratitude, saying, "Growing Centennial into a respected leader in retail real estate has been a joy and a privilege over the past 30 years. I have tremendous confidence in Paul Kurzawa and our executive team as they lead the organization forward into the next chapter of Centennial’s journey."
Paul Kurzawa joined Centennial as president in 2024, bringing a wealth of experience in various retail formats, including lifestyle, open-air, and enclosed environments. His deep industry expertise and operational acumen position him well to advance the company's mission. Kurzawa stated, "It is an honor to lead this exceptional organization and build upon the strong foundation Steven has established over the past three decades. Our vision remains unchanged—to be the retail real estate industry’s most trusted partner and operator."
The transition comes at a pivotal time for Centennial, especially following the strategic investment from Lincoln Property Company earlier in 2026. This collaboration is expected to enhance Centennial's capabilities, allowing it to tap into broader market opportunities while continuing its focus on transforming retail properties into vibrant destinations.
Levin’s leadership style, which emphasized an owner’s mindset combined with a retailer’s perspective, has been credited with setting high standards in the retail real estate sector. His legacy includes not only a robust business model but also a nurturing environment for talent, championing innovation and inclusivity.
As Levin departs, he leaves behind a solid foundation that Kurzawa is likely to build upon, ensuring the company remains at the forefront of the retail real estate scene. Despite stepping down as CEO, Levin intends to stay connected with the industry, offering guidance as needed and continuing to manage his portfolio properties, including The Shops at Willow Bend.
With over 25 million square feet under management across 18 states, Centennial's operational prowess and focus on community engagement position it uniquely in the market. As the company embarks on this new chapter, all eyes will be on Paul Kurzawa and his strategic vision for the future of Centennial, as well as how they adapt to the ever-evolving landscape of retail.
The success of a leader is often seen in the legacy they leave and the strength of their team. As Centennial transitions into this new phase under Kurzawa's leadership, the commitment to fostering an innovative and inclusive culture remains a top priority. The coming months will be essential in defining how the new leadership adapts to market changes while sustaining the values that have propelled Centennial to the forefront of the retail real estate industry.
In summary, the retirement of Steven Levin signifies not just a change at the top but a reaffirmation of Centennial's vision and commitment to retail real estate excellence. With Paul Kurzawa at the helm, the organization is well-positioned to navigate the complexities of the industry and continue its trajectory of growth amidst dynamic market conditions.
Steven Levin founded Centennial in 1997, and over the past three decades, he has been instrumental in establishing the company as a pivotal force in retail real estate. Under his guidance, Centennial has garnered a reputation for revitalizing retail spaces into thriving community centers that prioritize long-term value for clients and consumers alike. Levin's commitment to creating an inclusive culture rooted in entrepreneurship and creativity has set a precedent that Kurzawa and the executive team are expected to uphold.
In his farewell statement, Levin expressed his gratitude, saying, "Growing Centennial into a respected leader in retail real estate has been a joy and a privilege over the past 30 years. I have tremendous confidence in Paul Kurzawa and our executive team as they lead the organization forward into the next chapter of Centennial’s journey."
Paul Kurzawa joined Centennial as president in 2024, bringing a wealth of experience in various retail formats, including lifestyle, open-air, and enclosed environments. His deep industry expertise and operational acumen position him well to advance the company's mission. Kurzawa stated, "It is an honor to lead this exceptional organization and build upon the strong foundation Steven has established over the past three decades. Our vision remains unchanged—to be the retail real estate industry’s most trusted partner and operator."
The transition comes at a pivotal time for Centennial, especially following the strategic investment from Lincoln Property Company earlier in 2026. This collaboration is expected to enhance Centennial's capabilities, allowing it to tap into broader market opportunities while continuing its focus on transforming retail properties into vibrant destinations.
Levin’s leadership style, which emphasized an owner’s mindset combined with a retailer’s perspective, has been credited with setting high standards in the retail real estate sector. His legacy includes not only a robust business model but also a nurturing environment for talent, championing innovation and inclusivity.
As Levin departs, he leaves behind a solid foundation that Kurzawa is likely to build upon, ensuring the company remains at the forefront of the retail real estate scene. Despite stepping down as CEO, Levin intends to stay connected with the industry, offering guidance as needed and continuing to manage his portfolio properties, including The Shops at Willow Bend.
With over 25 million square feet under management across 18 states, Centennial's operational prowess and focus on community engagement position it uniquely in the market. As the company embarks on this new chapter, all eyes will be on Paul Kurzawa and his strategic vision for the future of Centennial, as well as how they adapt to the ever-evolving landscape of retail.
Looking Ahead
The success of a leader is often seen in the legacy they leave and the strength of their team. As Centennial transitions into this new phase under Kurzawa's leadership, the commitment to fostering an innovative and inclusive culture remains a top priority. The coming months will be essential in defining how the new leadership adapts to market changes while sustaining the values that have propelled Centennial to the forefront of the retail real estate industry.
In summary, the retirement of Steven Levin signifies not just a change at the top but a reaffirmation of Centennial's vision and commitment to retail real estate excellence. With Paul Kurzawa at the helm, the organization is well-positioned to navigate the complexities of the industry and continue its trajectory of growth amidst dynamic market conditions.
Topics Consumer Products & Retail）
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