LITTLE FALLS, NJ-Sentrx, a pharmaceutical industry company, has signed a lease for 17,000 sf at Theta Holding Co.'s Overlook at Great Notch here. For the tenant, which provides technology-enabled services relating to drug safety, the deal marks a renewal and centralization of its headquarters space.

“My client's business model has evolved to require co-location,” says Cushman & Wakefield broker Curtis Foster. “The long-term commitment to one central location will enable maximum efficiency.”

Sentrx initially took 9,400 sf on the first two floors of the 425,000-sf building in 2000, and later took 7,600 sf on the sixth floor. As part of the renewal, the company is relocating to one contiguous space on the second floor.

Terms of the lease were not disclosed. Located at 150 Clove Rd., the asset currently has availabilities from 2,000 sf to 20,000 sf, listed with asking prices in a range of $25 to $30 per sf. C&W is the building's exclusive leasing agent as well, with the firm's James Frank, Jeffrey Prezant and Adam Padla handling the assignment.

“The Sentrx renewal is the latest in a series of lease signings totaling more than 60,000 sf over the past six months,” Frank says. “The building has a track record for attracting and retaining tenants in a highly competitive local market.”

As reported by GlobeSt.com, medical publisher Projects in Knowledge signed for 11,000 sf in September in a deal representing a conversion from a sublease to a direct lease. And earlier this year, Systra Consulting subleased 13,000 sf from Kline & Co., which remains in the building with 18,000 sf.

Overlook at Great Notch was built in 1988 and acquired in 1994 by Theta Holding Co., which has its own headquarters on-site.