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Thursday, May 19, 2022

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.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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