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Lab adds 140,000 s/f at Prism's Elmwood Park
November 8, 2013
Original Article

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.