ACS Renews 105,000-SF Lease

LITTLE FALLS, NJ-Affiliated Computer Services Inc. has renewed its lease for 105,000 sf at Overlook at Great Notch, a 425,000-sf office building on 13.5 acres at 150 Clove Rd. here. The Dallas-based business process and information outsourcing company operates a regional call center at the site.

Theta Holding Co. owns the property and has its headquarters in the building. The renewal was arranged for Theta by James Frank, Jeffrey Prezant and Lauren Rufino of Cushman & Wakefield’s East Rutherford office. Terms were not released; availabilities in the building, including a 40,000-sf full floor, are currently listed with asking prices from $26 per sf to $29 per sf, for five- to 10-year terms.

During the past year, the C&W brokers have orchestrated 10 lease renewals totaling more than 160,000 sf, in addition to adding several tenants at Overlook at Great Notch. “The building has a strong history of tenant retention,” Frank says. “Companies that lease here tend to stay here.

“This activity underscores the property as a value proposition in Passaic County and the larger Northern New Jersey office market,” Prezant says. “It’s the largest class A building in the immediate market, and we’re very aggressive in our deal structures.”