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Orion Office REIT acquired Valent Innovation Center, a two-story, 96.5k sf R&D asset in the NoCal city of San Ramon, in a trade from a few weeks ago. The property sold for $35 mil, or about $360/sf.

Most recently renovated in 2022, Valent Innovation Center is located at 4600 Norris Canyon Rd. within the city’s Bishop Ranch submarket. The property offers some of the best quality lab space in the Bay Area and is fully leased to Valent USA, a wholly owned subsidiary of Sumitomo Chemical.