HOUSTON—Transwestern has begun construction on Phase I of the Market at Crenshaw, a 168,924-square-foot, two-phase retail development located on 23.57 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.

“Leasing velocity has built since we started marketing the project, and now that construction has commenced at the site, deal volume has significantly increased,” Allen told GlobeSt.com.