Pasadena, Texas: Retail Center Breaks Ground

Market at Crenshaw is under construction.

In Houston, Construction is in progress at Market at Crenshaw, a 168,924-square-foot, two-phase retail development located on 24 acres in the Pasadena submarket on Beltway 8 between Crenshaw Road and Fairmont Parkway.

Transwestern Retail Vice Presidents Grant Walker and Crystal Allen were retained to lease the property on behalf of the developer, a partnership of Ley-Wilson Development LLC and H5 Ventures, LLC and have leased more than 90 percent of the first phase of development. A Transwestern team led by Vice President Robert Nguyen has also been retained to provide property management and construction management services.

Tenants that have executed leases at the property include:

• Burlington, 55,000 sq ft
• Party City, 18,000 sq ft
• Tuesday Morning, 12,000 sq ft
• Mattress One, 4,000 sq ft
• Xfinity by Comcast, 4,000 sq ft
• In Mod Pizza, 2,700 sq ft

Phase I, totaling 108,924 sq ft, is scheduled for delivery in third-quarter 2015. Phase II, which is set to include an additional 60,000 sq ft, will commence construction in the next 90 days and is slated for delivery in second-quarter 2016.

A Transwestern team led by Vice President Robert Nguyen has also been retained to provide property management and construction management services.