“This is our recently built state-of-the-art laboratory facility. ”

You work at a new research laboratory at a university. You're giving a tour of the lab to a group of visitors. You say:

This is our recently built state-of-the-art laboratory facility. 

recently built

A "recently built" laboratory is one that has just been built recently. "Recently built" is a phrase that you may often hear. A few other common phrases with "recently" are:

• a recently published book
• a recently released movie
• a recently completed project
• a recently announced campaign
• a recently discovered planet

state-of-the-art

You call something "state-of-the-art" when it's new and uses the latest, most recent technology:

Do you have any idea what a state-of-the-art website like that would cost us? Tens of thousands of dollars, at the least.

The city is planning to open a new state-of-the-art light rail system by the end of 2014.

a laboratory

A "laboratory" is where scientists do their experiments. 

When you're talking about a laboratory informally, you can call it a "lab".

a (something) facility

A "facility" is a building or group of buildings that are used for a specific purpose. Here are some examples of different kinds of facilities that you may come across:

• a sports facility
• a research facility
• a (military) training facility
• a water treatment facility
• a storage facility