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Thursday, Nov 21, 2024

Cantor Fitzgerald Pays $92 Million for Boston Scientific Building in Valencia

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 in 2017.Newmark represented the sellers, Oaktree Capital Management and Intertex Cos.Cantor Fitzgerald is a finance firm involved in equity brokerage and research, investment banking and real estate. Newmark is listed as a affiliate company on the Cantor Fitzgerald website.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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