Brixton Capital Acquires Dow Texas Innovation Center in Lake Jackson, TX

Brixton Capital Acquires Dow Texas Innovation Center in Lake Jackson, TX

In a transaction which closed today, Brixton Capital, a Solana Beach investment management firm and affiliate of Brutten Global, purchased Dow Texas Innovation Center in Lake Jackson, TX.  Both the seller and the purchase price are undisclosed.  The 34.14-acre research and development (R&D) campus, located at 270 Abner Jackson Parkway, is fully leased to Dow Chemical Company.

Dow has a long history in Lake Jackson, TX, a town in the greater Houston metropolitan area.  Dow Chemical Company originally built the town in the early 1940s for company workers servicing the nearby Freeport Plant.  The city was designed by Alden B. Dow, a renowned architect and son of Herbert Henry Dow, founder of Dow Chemical Company.  The City of Lake Jackson was incorporated in 1944.  Today, the Lake Jackson/Freeport region is a petrochemical industry hub.

Dow Texas Innovation Center

The Dow Texas Innovation Center is Dow’s latest investment in the city of Lake Jackson.  Built in 2016, the nearly 700,000-square-foot, Class A facility serves as an R&D center for products manufactured at the nearby Dow Freeport facility, the largest consolidated chemical manufacturing plant in the Western Hemisphere.  The state-of-the-art campus in Lake Jackson consists of four (4) buildings: two (2) R&D laboratory/office buildings, one (1) warehouse, and one (1) amenities building which features a gym, café, and an employee medical center.  The LEED Gold Certified campus is fully leased to Dow Chemical Company through 2036.

Mark Selman, President of Brixton Capital, states, “The Dow Texas Innovation Center fits nicely into the strategic plan of our structured finance group, which seeks out mission-critical, long-term net leased assets with creditworthy tenants.”

The Dow Texas Innovation Center directly supports the operations of the nearby Freeport Plant, approximately 10 miles from the Dow Texas Innovation Center.  Today, the Freeport Plant employs more than 7,000 people, and is directly responsible for manufacturing products that account for 44% of Dow’s US sales, and 20% of its global sales.  In 2017, Dow reaffirmed its commitment to the area by investing $4 billion in its Freeport facilities.

Marc Brutten, Founder and Chairman of Brutten Global, states, “I’m very impressed with Dow’s long-term commitment to the area and the quality of these Lake Jackson facilities. We hope to remain partners with the Dow Chemical Company for many decades to come.”

Dow Chemical Company

Founded in 1897, the Dow Chemical Company is one of the world’s largest diversified chemical manufacturers, and produces goods used across a wide range of industries, including automotive, food and beverage, and pharmaceuticals.  Worldwide sales in 2019 were $43 billion.  For more information, visit https://www.dow.com/en-us.

About Brixton Capital

Brixton Capital is a preeminent private real estate investment firm that seeks to generate outstanding, risk-adjusted returns by unlocking embedded value in commercial real estate transactions spanning all property types. Headquartered in Solana Beach, California, Brixton is led by a team of seasoned commercial real estate experts with an average of more than 25 years of experience.  Brixton currently owns and operates a portfolio valued in excess of $1 billion, representing over 10 million square feet of retail, multi-family, office and land investments across the United States and Europe.  For more information, visit https://www.brixtoncapital.com.

About Brutten Global

Brutten Global is a holding company with 1,000+ employees on two continents, its operations include platforms and offices in the Western U.S. and London, Switzerland, Germany, and Austria.  Brutten Global pursues control-oriented investments in asset-backed businesses and properties where value can be created.  To date Brutten Global has raised $7.5 billion of debt and equity with cumulative transaction volume of $9.3 billion including 900+ buildings totaling 81 million square feet. For more information, visit https://www.bruttenglobal.com/.