Elmwood Park-based Bio-Reference Laboratories Inc. has expanded by 140,000 square feet at 41 Slater Drive, according to Prism Capital Partners, which owns the property with The Davis Cos. The clinical testing company now occupies the entire 180,000-square-foot building.
According to the announcement, Bio-Reference is largest independent regional laboratory company in the tristate region and one of the largest in the United States. The long-term expansion meets Bio-Reference Laboratories' need for additional research and development and laboratory space.
Christopher Olsen, from Newmark Grubb Knight Frank, served as broker for Bio-Reference in the transaction.
Prism and Davis acquired 41 Slater Drive, which sits on 11 acres at the intersection of I-80 and River Road, in 2012. Prism Property Services manages the property.