Prologis Legacy Point to bring 5 million square feet of industrial space to Cypress

Officials with Prologis logistics real estate firm are planning for over 5 million square feet of industrial space at the 350-acre Prologis Legacy Point property off Hwy. 290 and Fry Road.

It will cater to retailers, manufacturing, distribution and energy companies, said Hans Brindley, senior vice president of marketing for Prologis Houston.

What we know

Brindley said the property’s access along Hwy. 290 and proximity to the Grand Parkway is ideal for the business park, which officials estimate will ultimately bring 2,000-3,000 jobs to the community.

He said the region’s population and job market growth over the past decade has driven demand for industrial development.

“Then you have the port growth, which has been important to the industrial sector in Houston, and then ... energy—both traditional and clean energy—has brought some growth to Houston as well,” Brindley said.

Industrial real estate rental rates increased by over 30% for Cy-Fair industrial facilities in the last five years, according to CoStar Group data.

The timeline

Seth Flechsig, vice president of investment for Prologis Houston, said utility work and construction on House & Hahl and Mound roads will be taking place over the next few months to prepare the property for vertical construction at the start of 2025.

“We think, all said and done, this site will have upwards of 5 million square feet, so we see that probably taking anywhere from two to three years for full build-out,” Flechsig said.