Information Technology Firm Leases Office Space at East River Project in Houston

An information technology service provider is planning a new Houston office after signing a full-floor lease in Midway’s East River project.

Impact Networking leased a 16,000-square-foot space, becoming the largest confirmed office tenant to commit to East River, Midway said in a statement. Impact Networking is expected to get signage on the exterior of the building known as East River 1, representing a key leasing milestone for the first phase of the 150-acre mixed-use project.

“We saw the East River development as an elegant blend of history, culture, innovation and modern community,” said Scott Copeland, president of Impact Networking in Texas, in a statement. “Midway’s visionary efforts in East River are incredibly exciting and we are thrilled to be a part of this monumental project.”

The developer broke ground on the much-anticipated mixed-use project this past summer. It has already announced office tenants Teal in 12,000 square feet and Method Architecture in 9,000 square feet in the same building where Impact Networking leased space.

Headquartered in Illinois, Impact Networking expanded into Houston early this year with a 16,000-square-foot office at 5825 N. Sam Houston Parkway W in North Houston, according to its website. This is its only location in Texas currently, but the company plans to expand into Austin, Dallas and San Antonio next year, according to the statement from Midway. It was not immediately clear if Impact Networking’s office at East River would be a second location for its Houston operations.

Midway and Impact Networking also struck an agreement for the tenant to provide IT services for Midway, according to a press release.

Impact Networking is the latest leasing addition to East River, which also recently announced a string of retail tenants for the project, including a 4,000-square-foot grocery concept by James Beard Award-nominated chef Jonny Rhodes.

The recent retail and office leases come as Midway is now starting vertical construction on the project with general contractor Burton Construction, the developer said.

Located on 26 acres at the intersection of Jensen and Clinton drives, phase one of the project also includes 13,000 square feet of green space, a 1,000-space parking garage and a 360-unit apartment project. Phase one also includes a 20,000-seat event space by the owners of Houston wedding venue The Astorian and a nine-hole, par-3 golf course.

“Across the board, our tenants are telling us that amenity-rich environments that service the social and collaborative benefits of being at work are what they want — this is precisely what East River will deliver,” said Anna Deans, Midway’s vice president of investment and development, in a statement.

At full build-out, which is anticipated to take at least 15 years, East River is expected to eventually encompass roughly 8 million square feet of office space, 500,000 square feet of retail, 1,400 multifamily units, 390 hotel rooms and 12 acres of green space, Deans previously told CoStar News.

By Marissa Luck - CoStar News