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Lufthansa Takes 25,500 for Reservations Operation

PETERBOROUGH, ONTARIO-The German carrier plans a June move-in at a build-to-suit office property northeast of Toronto. CB Richard Ellis' brokered for the airline while the building owner was self-represented.

By Glen Thompson | Updated on January 20, 2003

PETERBOROUGH, ONTARIO-Lufthansa German Airlines will open a new North American Reservations Center here in a 25,500-sf space that it will occupy beginning in June.

Jim Trobaugh, Rob Marsh and Chris Hook of CB Richard Ellis’ Phoenix office represented the tenant, Deutsche Lufthansa AG of Los Angeles, in the transaction. The building owner, Tapp Holdings ULC of Oklahoma City, was self-represented. Financial terms of the deal are not being disclosed.

Tapp acquired a 4.5-acre site for the project in Major Bennett Industrial Park last fall. Cornerstone Builders Ltd. designed and is constructing the facility, which will house 200 to 300 Global Telesales employees.

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