By Joshua Burd
One of the nation’s largest specialty laboratories has renewed its lease at an Elmwood Park industrial building, in a newly completed transaction with Alfred Sanzari Enterprises.
The commercial real estate owner and developer on Tuesday announced the renewal with BioReference Laboratories, which occupies 50,429 square feet at 491 Edward H. Ross Drive. The space is one of four Sanzari-owned buildings that the company occupies in the borough, where it leases a total of more than 277,000 square feet.
“We take great pride in our long-term relationship with BioReference Laboratories, as it means that we are not just their landlord but a partner in their business’ continued growth,” said Stephen Jennings, vice president of leasing and marketing at Alfred Sanzari Enterprises. “Through complete life-cycle ownership of our assets and a hands-on approach to tenant service, we provide our tenants with the peace of mind and stability that can often be difficult to find in today’s leasing market.”
Established in 1981, BioReference has been a Sanzari tenant in Elmwood Park since 1988, when it signed a lease to relocate its headquarters to Elmwood Park Plaza. Since then, the company has grown into the nation’s largest full-service specialty laboratory, servicing about 11 million patients annually with a leading position in genetics, women’s health and cancer.
Sanzari’s other buildings in the borough include 481 and 487 Edward H. Ross Drive, along with Elmwood Park Plaza, a 68,000-square-foot office building at 475 Market St.
“Extending back over 30 years, our partnership with Alfred Sanzari Enterprises has ensured that we consistently enjoy access to the modern industrial and office space that we need to facilitate our ongoing growth,” said Greg Cahill, vice president, human resources at BioReference Laboratories. “We appreciate the hard work and responsiveness of Alfred Sanzari Enterprises’ leasing and management teams and we look forward to building upon our relationship as we continue our growth in Elmwood Park.”
