Sanzari negotiates lease renewal with specialty lab in Elmwood Park

By Emily Bader
Elmwood Park | Jan 29, 2020 at 9:59 am

Alfred Sanzari Enterprises announced on Tuesday it has signed a 50,429-square-foot lease renewal with BioReference Laboratories in Elmwood Park at 491 Edward H. Ross Drive.

BioReference, the Hackensack-based commercial and residential real estate firm said, is Sanzari’s largest tenant, taking up more than 227,000 square feet in Elmwood Park spread across four buildings in its portfolio.

“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,” Stephen Jennings, vice president of leasing and marketing at Alfred Sanzari Enterprises, said. “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.”

Founded in 1981, BioReference has been a Sanzari tenant since signing its first lease to relocate its headquarters to Elmwood Park in 1988. Since then, it has grown to a full-service specialty laboratory serving approximately 11 million patients annually.

“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. 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,” Greg Cahill, vice president, human resources, BioReference Laboratories, said.

Emily Bader | ebader@roi-nj.com | @emilybader