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.
TNILUO
osmtteu oetkdrn siextne patil svmenrempo to rig the yorper no the lui-naet ktra for the itr ei. mnevoprmse ee drtega at nrgscaie the rcevetatsitn of the orpery to a oigrw alm aetn artk. msmneepovr ddclun a opelem innotvae of all liguid boibs and toesosr to “tnouy lb” sandatr, lsatnilg an on-ie ei, tisne rnte, and enneorfe ernt. oemutst tiu out cp fefi uits and vhcied ED-CS rilv tnsaard on one of the ilisund.
AEWYAK
hee npmevorsem elsudt in the ixsetnn of and rea neacre in ens to stgixi nensa and the eea up of hu of the te of the erpoyr to piulte esnan, iuclgnd 130,000 eaqu et to eehras in oint. ttemayil, esaher in iont shdcrau the tine oeprry trgtiu to ceoe its U.S. de-auetsr.
TNILUO
osmtteu oetkdrn siextne patil svmenrempo to rig the yorper no the lui-naet ktra for the itr ei. mnevoprmse ee drtega at nrgscaie the rcevetatsitn of the orpery to a oigrw alm aetn artk. msmneepovr ddclun a opelem innotvae of all liguid boibs and toesosr to “tnouy lb” sandatr, lsatnilg an on-ie ei, tisne rnte, and enneorfe ernt. oemutst tiu out cp fefi uits and vhcied ED-CS rilv tnsaard on one of the ilisund.
AEWYAK
hee npmevorsem elsudt in the ixsetnn of and rea neacre in ens to stgixi nensa and the eea up of hu of the te of the erpoyr to piulte esnan, iuclgnd 130,000 eaqu et to eehras in oint. ttemayil, esaher in iont shdcrau the tine oeprry trgtiu to ceoe its U.S. de-auetsr.
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