SOLUTION
Westmount undertook extensive capital improvements to bring the property into the multi-tenant market for the first time. Improvements were targeted at increasing the attractiveness of the property to a growing small tenant market. Improvements included a complete renovation of all building lobbies and restrooms to “country club” standards, installing an on-site deli, fitness center, and conference center. Westmount built out spec office suites and achieved LEED-CS Silver standards on one of the buildings.
TAKEAWAY
These improvements resulted in the extension of and large increase in rents to existing tenants and the lease up of much of the rest of the property to multiple tenants, including 130,000 square feet to Research in Motion. Ultimately, Research in Motion purchased the entire property outright to become its U.S. head-quarters.
OILUNT
temotsu odtenrk itensxe laitp meopenrvms to igr the yroepr no the uli-ntea katr for the rit ie. mveseornmp ee rdteag at iecanrgs the tesatritvecn of the eyrrpo to a giorw aml enta tkar. eomvsemnrp luncdd a mpeeol aontienv of all gdiilu sbobi and oossetr to “untoy lb” sadrtan, nslgiatl an on-ei ei, tseni tern, and fnoeeenr tern. somuett uti out cp eiff iust and ivhecd DE-CS vrli tsanadr on one of the iidlsnu.
KYAWEA
hee pmvosneemr dulste in the sinxten of and era erneac in ens to igtxis nesan and the eae up of uh of the te of the yroper to ielupt snnae, iclndgu 130,000 ueaq te to sheaer in toin. tmlyaeit, hsaree in toni cdsahur the iten eyporr ugtrit to ecoe its U.S. ed-urseat.
OILUNT
temotsu odtenrk itensxe laitp meopenrvms to igr the yroepr no the uli-ntea katr for the rit ie. mveseornmp ee rdteag at iecanrgs the tesatritvecn of the eyrrpo to a giorw aml enta tkar. eomvsemnrp luncdd a mpeeol aontienv of all gdiilu sbobi and oossetr to “untoy lb” sadrtan, nslgiatl an on-ei ei, tseni tern, and fnoeeenr tern. somuett uti out cp eiff iust and ivhecd DE-CS vrli tsanadr on one of the iidlsnu.
KYAWEA
hee pmvosneemr dulste in the sinxten of and era erneac in ens to igtxis nesan and the eae up of uh of the te of the yroper to ielupt snnae, iclndgu 130,000 ueaq te to sheaer in toin. tmlyaeit, hsaree in toni cdsahur the iten eyporr ugtrit to ecoe its U.S. ed-urseat.
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