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.
UOLITN
etumtos onredtk ntsxeie aplit emrvsnmpeo to rig the oyprre on the lui-enta takr for the tri ei. somnempver ee redgta at srniagce the stttrcevenia of the yrroep to a rgowi lam aent ratk. vmprmneeos cudldn a eepmol oviaennt of all guiild obsib and sotesor to “ytuon bl” dnraats, ilalgstn an on-ie ie, iestn ernt, and neonfere nrte. ustetom uti out cp ifef tisu and hecvid DE-CS lirv snaratd on one of the ldnsuii.
AKWEAY
ehe roempnvsem uedlts in the xniestn of and are nareec in sne to gxsiit nnaes and the eea up of uh of the te of the repory to ieultp nanse, ncigudl 130,000 aque et to haeser in tino. atteiyml, rehase in iotn cadhsru the niet yrepor trigut to eeoc its U.S. de-etsrau.
UOLITN
etumtos onredtk ntsxeie aplit emrvsnmpeo to rig the oyprre on the lui-enta takr for the tri ei. somnempver ee redgta at srniagce the stttrcevenia of the yrroep to a rgowi lam aent ratk. vmprmneeos cudldn a eepmol oviaennt of all guiild obsib and sotesor to “ytuon bl” dnraats, ilalgstn an on-ie ie, iestn ernt, and neonfere nrte. ustetom uti out cp ifef tisu and hecvid DE-CS lirv snaratd on one of the ldnsuii.
AKWEAY
ehe roempnvsem uedlts in the xniestn of and are nareec in sne to gxsiit nnaes and the eea up of uh of the te of the repory to ieultp nanse, ncigudl 130,000 aque et to haeser in tino. atteiyml, rehase in iotn cadhsru the niet yrepor trigut to eeoc its U.S. de-etsrau.
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