Lab adds 140,000 s/f at Prism’s Elmwood Park

Bio-Reference Laboratories, Inc. has expanded by 140,000 s/f at 41 Slater Drive Elmwood Park, announced Prism Capital Partners, which owns the property with The Davis Companies.
The clinical testing company now occupies the entire, 180,000 s/f building there.
Bio-Reference Laboratories is largest independent regional laboratory company in the tri-state region and one of the largest in the United States. It has maintained office space at 41 Slater Drive for many years.
The long-term expansion meets Bio-Reference Laboratories’ need for additional R&D and laboratory space, according to Edwin Cohen, a principal partner with Prism Capital Partners,.
Christopher Olsen from Newmark Grubb Knight Frank served as broker for Bio-Reference Laboratories in the expansion transaction.
Prism and The Davis Companies acquired 41 Slater Drive, which sits on 11 acres at the intersection of I-80 and River Road, in 2012. Prism manages the property. The ownership is investing in exterior improvements, including parking lot and landscaping upgrades.