The Little Rock Technology Park announced Thursday that Ritter Communications of Jonesboro has signed a five-year lease for its new facility, set to open in downtown Little Rock in March.
“We’re thrilled to be involved in a progressive environment where innovative solutions are being created,” Scott Tollett, the company’s senior vice president and general manager of Enterprise and Wholesale, said in a news release.
Ritter will occupy 1,328 SF on the fifth floor of the building at 417 Main St. for $2,500 per month, making the contract worth $150,000 total. The monthly fee includes furniture leased from the park, and Ritter’s private suite has a dedicated conference room.
Ritter will be the company’s first location in Little Rock. It has offices in Searcy, Blytheville, Marked Tree, Jasper and Harrison; Millington, Tennessee; and Munford, Tennessee.
The Tech Park said the company is its first long-term tenant for an unfurnished upper floor. The announcement follows last week’s news that Blue Sail Coffee Roasters of Conway has signed a three-year lease.
“Being a part of the Little Rock Tech Park will help us establish and maintain relationships with thought leaders in the area,” Ritter President Alan Morse said. “It will also give us the ability to support tech startups and provide a consultative approach for their communications services. It’s a great fit for us.”
The Tech Park said its goals specifically align with Ritter’s product development group, which creates communication and information technology services for customers.
“The momentum created before we ever open our doors is validating not only Little Rock’s need for a facility to house the area’s burgeoning tech industry but also to the quality of startups and tech-focused companies we have in the area that are ready to climb the ladder of success,” Brent Birch, the park’s executive director, said. “Little Rock is making huge strides to become relevant in the regional tech community, and we are just getting started.”
In June, the Little Rock Technology Park Authority Board approved a five-year, $66,0000 contract with Ritter for high-speed internet.