The complex was named to honour Alberta's Centennial year.

Construction of Centennial Place started in 2006 and was completed in 2010 at a cost of $320-million ($431.52 million in 2023).

[1] The property's sustainability features include curtain wall technology, motion sensors on lighting controls, low-flow plumbing fixtures, a high-efficiency heating and cooling plant, and a green roof with 30% of its surface planted.

[3] Centennial Place's tenants include Vermilion Energy, Borden Ladner Gervais, MLT Aikins, Divestco, Baytex Energy, AER, Murphy Oil, the Alberta Securities Commission, Sabre Well Servicing Inc., Spencer Stuart and OMERS Worldwide.

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