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SoCal Innovation Park $92M Buy Sets Pricing Record

Cantor Fitzgerald recently acquired Boston Scientific’s neuromodulation division global headquarters at Southern California Innovation Park for $92 million. At $510 per square foot, the transaction set a new pricing record for Valencia.

Located at 25155 Rye Canyon Loop, the 180,415-square-foot two-story life science building was completed in 2006 as a build-to-suit for Boston Scientific. The 15-building office park set on 160 acres underwent significant tenant and landlord capital investments which included the addition of an innovation lab in 2017.

Newmark’s Kevin Shannon, Ken White, Rob Hannan and Laura Stumm represented the seller, a partnership between Oaktree Capital Management and Intertex Companies.

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Laura Stumm

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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