As of December 31, 2024, the company owned 363 shopping centers containing 64 million square feet of retail space. The company's largest markets are Florida (14.0% of revenues), Texas (11.9% of revenues), and California (11.7% of revenues). The company's largest tenants are TJX Companies (3.3% of revenues), Kroger (2.3% of revenues), and Burlington (2.1% of revenues).[1]
History
In late 2003, Centro Properties Group, an Australian shopping center firm, and American-based Watt Commercial Realty formed Centro Watt, a joint venture, and acquired 14 shopping centers in California for $488 million.[2] In 2005, Centro acquired Kramont Reality Trust for $1.2 billion.[3] In May 2006, Sydney-based Westfield Group sold seven shopping centers to Centro Watt.[4] In 2007, Centro acquired Watt Companies' ownership stake, ending the joint venture, and renamed the company Centro Properties Group US.[5]
In 2011, The Blackstone Group acquired Centro Properties Group US from Centro Retail Trust, and the entity changed its name to Brixmor.[6][7][8]
In April 2016, president and CEO Michael Carroll, CFO Michael Pappagallo, and chief accounting officer Steven Splain resigned after an accounting scandal.[12][13] Jim Taylor was named CEO and president.[14]
In August 2016, The Blackstone Group sold its stake in the company.[15]
