Virtua Partners has sold the Britannia Business Center in Pleasanton, California, a city in the Bay Area, for $78 million to an unnamed buyer. The 292,000-square-foot property is among the top-performing R&D campuses in the Bay Area.

Located at 4125, 4155, 4255 and 4385 Hopyard Rd., the property is walking distance from the Pleasanton BART station and directly off of Interstate 680 in a life science corridor. It is also driving distance from UC Berkeley, UCSF, Stanford University, Santa Clara University and San Jose State University. The building features R&D, flex and office space with 13-foot to 20-foot clear heights, eight roll-up doors, one dock high door and 1,600 to 3,000 amps available. It was 68.8% leased at the time of the sale to mostly credit tenants.

The Bay Area is home to one of the largest life science clusters in the country. According to research from Real Capital Analytics are three of the markets in the top five life science markets in the country. When the three markets are combined, the San Francisco Bay Area beats out Boston, which as a standalone is the leading life science hub in the country ."There too, great universities like UC Berkeley and Stanford create the labor force that life sciences firms need to thrive," says Real Capital Analytics' Jim Costello.