In his 1977 paper, V.G. Kac classified the finite-dimensional simple complex Lie superalgebras. After Kac’s paper, M. Scheunert initiated the study of a generalization of Lie superalgebras - the Lie color algebras. We construct some new families of simple Lie color algebras. Following the work of A. Berele and A. Regev and A.N. Sergeev, who studied the general linear andsq(n)-series superalgebra cases, and the work of G. Benkart, C. Lee Shader, and A. Ram, who studied the orthosymplectic cases, we examine the centralizer algebras of some classical Lie superalgebras and their Lie color algebra counterparts acting on tensor space and derive Schur-Weyl duality results for these algebras and their centralizers.