$92 Million Valencia Sale

The headquarters of Boston Scientific Neuromodulation at Southern California Innovation Park in Valencia has sold for $92 million to financial services firm Cantor Fitzgerald, according to brokerage Newmark.Located at 21555 Rye Canyon Loop, the 180,415-square-foot life sciences complex was first occupied in 2006, when it became Boston Scientific’s neuromodulation division’s global headquarters. The two-story building is nestled within the 160-acre, 15-building office park and includes such amenities as onsite cafeteria, floor-to-ceiling glass conference rooms, test labs and daycare spaces.

An innovation lab was added to the building in 2017.Newmark represented the sellers, Oaktree Capital Management and Intertex Cos.“At $510 per square foot, this transaction set a new pricing record for Valencia,” Stumm said in a statement.Cantor Fitzgerald is a finance firm involved in equity brokerage and research, investment banking and real estate. Newmark is listed as an affiliate company on the Cantor Fitzgerald website.