The Market at Crenshaw

Pasadena is one of the largest cities in the Houston–PasadenaThe Woodlands MSA and a core employment center for the region’s industrial economy. It sits along the Houston Ship Channel near Galveston Bay, and its economy is built on petrochemical manufacturing, maritime logistics, aerospace, and energy. Its corporate base includes global energy leaders such as BP and TotalEnergies, as well as aerospace names like Boeing, and the city has drawn more than $2.5 billion in capital investment in recent years.1 The Port of Houston and the surrounding Ship Channel petrochemical complex, one of the largest concentrations of its kind in the country, anchor longterm regional demand. New Class-A logistics and distribution development along the Red Bluff Road and Beltway 8 corridor reinforces that demand.2 This deep, stable employment base draws daily traffic to corridors like Beltway 8 and SH 225, which supports consistent consumer spending and well-positioned neighborhood retail such as The Market at Crenshaw.Meybohm Commercial is pleased to present The Market at Crenshaw, a 37,103 SF retail center in Pasadena (Houston), Texas. Built in 2017 and 2018, the property is shadow-anchored by Burlington and Academy Sports + Outdoors, with frontage on the Sam Houston Tollway (96,847 VPD). The center is 87.5% occupied by a national and franchise lineup that includes Bath & Body Works, James Avery, Music & Arts, and Hotworx. Leasing the two vacant suites (4,650 SF), combined with contractual escalations and renewal options, is projected to lift NOI 19.4% by Year 3 and 45.4% over a 10-year hold. The trade area is supported by the Houston Ship Channel, Port Houston, and a regional healthcare cluster, with average household incomes exceeding $107,000 within seven miles.