Phoenix Biotechnology Accelerator LLC, doing business as Ribomed Biotechnology, acquired the 30,183-square-foot office building at 714 E. Van Buren in Phoenix. The biotech company, which will fully occupy the property, purchased the building for $3 million, about $99 per square foot. Built in 1989, the one-story property features extensive high-quality build-out and is in the heart of the biotech area.