Bank Street office complex in New London purchased by Oakdale lab
New London — Montville-based Genesys Diagnostics, a lab that provides diagnostic services such as COVID-19 testing to health care providers, is moving its headquarters into the heart of New London’s business district.
The family-run business has purchased an office complex of four buildings at 224-258 Bank St. Coastal Digestive remains a tenant while much of the space, a portion of which fronts Bank Street, has been empty for a number of years.
Divakar Ahuja, the president and chief executive officer of Genesys Diagnostics Inc., said his firm has grown in recent years and the company was seeking a larger space. The company presently is located at a former veterinary clinic at 8 Enterprise Lane in the Oakdale section of Montville.
Ahuja said he hopes to make the move to New London this summer.
“We’re really excited. It’s a better location for us," he said. "Obviously we want to grow into some of the space.”
Ahuja said the Bank Street complex is a good fit for the company’s unique needs, which is a combination of office space and laboratory facilities.
He said Genesys has about 60 employees, some of whom operate off site, with between 30 and 40 employees working at the company’s headquarters.
Genesys provides a range of clinical diagnostic services to physicians, hospitals and laboratories in the state and across the country in the areas of oncology, pharmacogenetics, prenatal, neurology and infectious diseases.
In 2020, the company already had been providing testing services for flu and nasal respiratory issues when it was approved for COVID-19 testing by the Food and Drug Administration and Connecticut Department of Public Health. The company additionally was chosen to provide on-site tests for employees and passengers at Bradley International Airport.
Divakar Ahuja’s mother, the late Suneeta Ahuja, was Genesys’ former president and CEO and was the former director of clinical development at Forest Research Laboratories and Pfizer. Ahuja's father, Dinesh Ahuja, serves as the company vice president of marketing.
Public records show the property was sold for $2.1 million by Hamden-based 238 Bank Street Associates LLC, whose principal is Salvatore Garfi of Palmer Property Management. US Properties represented the seller and Londregan Commercial Real Estate represented the buyer.
“He’s got some terrific plans,” said Elizabeth Nocera, New London’s economic development coordinator. “It’s a thrilling opportunity for their company and for New London. We look forward to their expansion and more job opportunities.”