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OpenTable Leases 24K-SF Premium Office Space in Downtown Toronto
OpenTable has signed a multi-year lease for approximately 24,000 square feet of premium office space in downtown Toronto, the company announced.
The space is located in Allied REIT’s office tower at 134 Peter St. in the Downtown Toronto West submarket. The new office will expand Open Table’s Canadian footprint to accommodate more than 200 employees, said the firm.
The new location will also complement the company’s existing Montreal presence and serve as a hub for Canadian operations and its global engineering team. The space will house engineering, product development, backend infrastructure, sales, finance, marketing and customer service functions.
“Opening our new Toronto office is an important milestone in our international growth,” said John Longstreet, CFO at OpenTable. “This new space allows us to tap into the city’s world-class tech talent pool, empowering our team to drive global product innovation for our restaurant partners and diners, while also deepening our overall commitment to Canada’s hospitality industry.”
Industry group Restaurants Canada welcomed the expansion.
“Restaurants are at the heart of Canadian communities and local economies, and as the country’s fourth largest private sector employer, they need partners who are equally invested in their success,” said Kelly Higginson, president and CEO of Restaurants Canada. “OpenTable has championed Canadian restaurants for more than 20 years. Growing its footprint in Toronto is a strong show of confidence in our industry, and a win for the operators, diners and communities they serve.”
CBRE brokers in Toronto and Atlanta facilitated the lease transaction for OpenTable.
Based in San Francisco, OpenTable is a restaurant technology company that provides reservation, guest management and dining discovery services to more than 65,000 restaurants worldwide and is part of Booking Holdings.
Pictured: Allied REIT’s office building at 134 Peter Street in Toronto.
Image: Allied REIT
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