Brixton Capital closes sale of Dow Texas Innovation Center in Lake Jackson

Brixton Capital closes sale of Dow Texas Innovation Center in Lake Jackson

Brixton Capital announced the sale of the Dow Texas Innovation Center, a 664,100-square-foot research and development campus at 220, 230, 240 & 270 Abner Jackson Parkway in Lake Jackson, Texas, within the Houston metropolitan area. Brixton Capital co-managed the property with CBRE. The property was sold to the ExchangeRight Essential Income REIT for an undisclosed price. The 34-acre campus is comprised of four buildings ranging from two to four stories and is fully leased to The Dow Chemical Company under a single-tenant, triple-net lease. Throughout the hold period, Brixton maintained the institutional-quality asset and its investment-grade tenancy. The sale was completed through a structured UPREIT and debt-assumption transaction, reinforcing the property’s original investment strategy while supporting Brixton’s long-term real estate and wealth-preservation objectives. Neither party was represented by a broker in the transaction. CBRE serves as the campus’s third-party property manager.