At the University of Florida, we are developing an experimental Laser Interferometer Space Antenna (LISA) simulator. The foundation for the simulator is a pair of cavity-stabilized lasers that provide realistic, LISA-like phase noise. The light travel time over the five million kilometres between spacecraft is recreated in the lab by use of an electronic phase delay technique. Initial tests will focus on phasemeter implementation, time delay interferometry (TDI) and arm-locking. In this paper we present the frequency stabilization results, results from an electronic arm-locking experiment, software phasemeter performance and results from a first optical experiment to test the TDI concept. In the future, the benchtop simulator will be extend...