Brixton Offloads Dow’s 664K-SF Lake Jackson Facility

Brixton Capital sold the Dow Texas Innovation Center in Lake Jackson to ExchangeRight Essential Income REIT. Brixton Capital had owned the property since November 2020.

The campus, built in 2016, spans 34 acres and comprises 664,100 square feet across four buildings. The property is fully leased to Dow Chemical under a single-tenant, triple-net lease.

Brixton’s Corey Eagle added, “By exchanging into REIT operating partnership units, we were able to defer taxes, remain invested in real estate and position the proceeds for long-term growth and income generation. 

Situated approximately 50 miles south of downtown Houston, the Dow Texas Innovation Center serves as a global research and development hub for The Dow Chemical Company, positioned near Dow’s extensive 7,000-acre Freeport complex.

Dow’s Freeport site is the largest integrated chemical manufacturing facility in the Western Hemisphere and home to Dow’s new ethylene facility – the cornerstone of Dow’s $12 billion in growth investments on the U.S. Gulf Coast. The facility, which started up in September 2017, has a nameplate capacity of 1.5 million metric tons.