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.
LINOTU
uosmtet oketdrn senietx tialp ermvnsompe to rgi the ryorep no the uil-ntea rakt for the irt ei. sornepmvme ee grtdae at srgcaine the ctrentasitve of the yrpoer to a igrow lma aent rakt. rvneeospmm dlncud a oleepm eonnvtia of all uiilgd obbsi and teossor to “nutyo lb” nrtdasa, gtsanill an on-ie ei, nstei nret, and nonrefee nter. tmsuote uit out cp fief isut and diechv DE-CS ivrl ardtnas on one of the iiudsln.
WKAEYA
hee menvemospr eudtls in the tsnxeni of and ear ecerna in nse to xgitis nneas and the eea up of hu of the et of the eorryp to itleup nsena, gnulcid 130,000 euqa et to eerash in onit. eiymtlta, eashre in onti cduarhs the eitn yrorpe tgiutr to coee its U.S. ed-etraus.
LINOTU
uosmtet oketdrn senietx tialp ermvnsompe to rgi the ryorep no the uil-ntea rakt for the irt ei. sornepmvme ee grtdae at srgcaine the ctrentasitve of the yrpoer to a igrow lma aent rakt. rvneeospmm dlncud a oleepm eonnvtia of all uiilgd obbsi and teossor to “nutyo lb” nrtdasa, gtsanill an on-ie ei, nstei nret, and nonrefee nter. tmsuote uit out cp fief isut and diechv DE-CS ivrl ardtnas on one of the iiudsln.
WKAEYA
hee menvemospr eudtls in the tsnxeni of and ear ecerna in nse to xgitis nneas and the eea up of hu of the et of the eorryp to itleup nsena, gnulcid 130,000 euqa et to eerash in onit. eiymtlta, eashre in onti cduarhs the eitn yrorpe tgiutr to coee its U.S. ed-etraus.
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