HOUSTON – Construction is underway 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 square feet
- Party City – 18,000 square feet
- Tuesday Morning – 12,000 square feet
- Mattress One – 4,000 square feet
- Xfinity by Comcast – 4,000 square feet
- MOD Pizza – 2,700 square feet
Phase I, totaling 108,924 square feet, is scheduled for delivery in third-quarter 2015. Phase II, which will include an additional 60,000 square feet, 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.