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.
