A former Farmington Bank branch in Rocky Hill has been leased by a North Carolina-based healthcare diagnostics company that has growth ambitions in Connecticut.
Laboratory Corp. of America Holdings, or LabCorp, is a publicly traded life sciences company that provides diagnostics and drug development services. It has subleased 1,800 square feet at 366 Cromwell Ave. in Rocky Hill, according to Andrew Hale and Thomas Wilks of O,R&L Commercial, which represented the property owner, People’s United Bank.
People’s United took over the property’s lease following its $544 million purchase of Farmington Bank in 2018. The 7,800-square retail building is owned by Mozzicato family has other tenants, including Battiston’s of Rocky Hill.
CBRE’s Jennifer Gosselin represented LabCorp.
LabCorp typically processes tests on more than 3 million patient specimens per week and supports clinical trial activity in approximately 100 countries through its central laboratory business, generating safety and efficacy data to support drug approvals.
LabCorp can be stand-alone facility or located within a Walgreens Pharmacy. Labcorp has also opened new sites at the Walgreens in Vernon, Manchester, and Meriden, O,R&L said.
