College pays $3M for lab site.(Capital Region)

ALBANY - Albany College of Pharmacy, which has been leasing the former Bender Laboratory building from Renaissance Corp. for the past five years, has purchased it for $3 million, officials at Renaissance and the college said Friday.

The three-story, 10,000-square-foot structure at 9 Samaritan Drive now holds laboratories, classrooms and faculty offices, said college spokesman Gil Chorbajian. The purchase was completed in June, he said.

The college moved its Pharmaceutical Research Institute into the building after it was acquired from Albany County by the nonprofit Renaissance Corp. in February 2002. The building was renovated, and the institute occupied it …