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.
TUOILN
tesmtuo edonrtk sxiteen iatpl mresenovmp to rig the yoerrp no the lui-taen arkt for the tir ei. smreompvne ee rtgade at seriagnc the vttactieenrs of the prryoe to a rgwoi mla etan rkta. rmonepmves nlcdud a lmepoe vniatnoe of all diuigl bisob and otseros to “uynto bl” nsdarta, tigalnls an on-ie ie, tnies retn, and ennefeor enrt. euosmtt uit out pc ffei tuis and vhedic DE-CS ivlr dasnrta on one of the nulsidi.
AEYKAW
hee nemsomepvr tdeusl in the sinxetn of and ear rnceae in sne to igtxsi enans and the eae up of hu of the et of the eyropr to ituelp sanne, ignldcu 130,000 eauq te to ashere in itno. amyletti, ahesre in ntoi dashucr the eitn porrye tgiutr to eoce its U.S. ed-auerst.
TUOILN
tesmtuo edonrtk sxiteen iatpl mresenovmp to rig the yoerrp no the lui-taen arkt for the tir ei. smreompvne ee rtgade at seriagnc the vttactieenrs of the prryoe to a rgwoi mla etan rkta. rmonepmves nlcdud a lmepoe vniatnoe of all diuigl bisob and otseros to “uynto bl” nsdarta, tigalnls an on-ie ie, tnies retn, and ennefeor enrt. euosmtt uit out pc ffei tuis and vhedic DE-CS ivlr dasnrta on one of the nulsidi.
AEYKAW
hee nemsomepvr tdeusl in the sinxetn of and ear rnceae in sne to igtxsi enans and the eae up of hu of the et of the eyropr to ituelp sanne, ignldcu 130,000 eauq te to ashere in itno. amyletti, ahesre in ntoi dashucr the eitn porrye tgiutr to eoce its U.S. ed-auerst.
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