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604 TX-332Lake Jackson, TX 77566
Olin Technology & Administration Center
Asset ClassOffice
overview of deal

Overview

Cushman & Wakefield, as exclusive advisor, is pleased to present the Olin Technology and Administrative Center (the “Property”), a mission-critical, purpose-built facility for the Olin Corporation (“Olin”) totaling 62,500 square feet and located in Lake, Jackson, part of the Southwest Far submarket of Houston, Texas. The property is strategically located along State Highway 332, which interconnects with State Highway 288 that leads directly into the Houston CBD. Completely gutted and renovated in 2020 to Olin’s specifications, the Property serves as the headquarters for the company’s Gulf Coast operations and its largest facility world-wide. Olin originally signed a 15-year NNN lease at the Property, and there is 9.8 years of weighted average lease term remaining with two five year renewal options. The opportunity features assumable debt at a highly-attractive, below-market rate.

 

Located approximately 52 miles south of the Houston CBD, Lake Jackson is part of the greater Brazosport community along the Gulf Coast that has been the recipient of billions of dollars in investment and features Port Freeport as well as significant facilities operated by Dow Chemical, BASF, Phillips 66, Olin, Freeport LNG, and the Wood Group, among others.

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604 TX-332Lake Jackson, TX 77566

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Listing provided by Revere CRE