Brixton Capital, a privately held real estate investment firm, announced the sale of the Dow Texas Innovation Center, a 664,100-square-foot research and development campus located at 220, 230, 240 & 270 Abner Jackson Parkway in Lake Jackson, 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.
“This property has been an important part of Brixton Capital’s real estate portfolio, providing economic value and meaningful tax advantages while serving as a high-quality asset within the broader portfolio,” said Corey Eagle, principal at Brixton Capital. “As we evaluated the next chapter of ownership, our priorities were to preserve long-term wealth, maintain exposure to institutional-quality real estate and achieve a tax-efficient transition. 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. We are pleased with the outcome and view this transaction as a natural evolution of a successful investment.”
Neither party was represented by a broker in the transaction. CBRE serves as the campus’s third-party property manager.
About Brixton Capital
Brixton Capital is a private real estate investment company focused on generating outstanding, risk-adjusted returns by unlocking embedded value in multifamily and retail properties. Headquartered in San Diego County’s Solana Beach, California, Brixton’s leadership team averages over 25 years of commercial real estate expertise. The firm currently owns and operates a diverse portfolio of approximately $2 billion across the western United States, with plans for expansion into select East Coast markets. Brixton is an affiliate of Brutten Global, a family office-led investment management platform with approximately $10 billion in AUM. For more information, visit www.brixtoncapital.com.
About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $7.8 billion in assets under management that are diversified across over 1,400 properties and 31 million square feet throughout 47 states, as of August 31, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous through 1031 DST portfolios, Essential Income REIT, and cash management funds, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the industrial, necessity retail, and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
