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.
OILNTU
uomtets ktdoren stexnie taipl npersmomev to irg the rpreyo on the ilu-anet rkta for the tir ei. mvreponsem ee gtedar at agicenrs the centtrtievas of the rryope to a oiwrg mal eatn krta. nmerpsoemv ndcdlu a leopme eiaonvnt of all gudiil sobbi and esstoor to “touny bl” tdarnsa, nailgstl an on-ie ie, iestn enrt, and eeneronf rtne. omtsteu uti out cp effi suit and ichved DE-CS rvil sntaadr on one of the idulsin.
EAKYWA
eeh ovnsremepm tsuled in the sxinnte of and ear neerca in esn to xitgis nnsea and the aee up of hu of the et of the ryreop to iepltu nsaen, igundcl 130,000 aque te to eersha in tino. aemiltty, aesehr in onti rcahuds the etin rroyep ritgut to eceo its U.S. de-rsauet.
OILNTU
uomtets ktdoren stexnie taipl npersmomev to irg the rpreyo on the ilu-anet rkta for the tir ei. mvreponsem ee gtedar at agicenrs the centtrtievas of the rryope to a oiwrg mal eatn krta. nmerpsoemv ndcdlu a leopme eiaonvnt of all gudiil sobbi and esstoor to “touny bl” tdarnsa, nailgstl an on-ie ie, iestn enrt, and eeneronf rtne. omtsteu uti out cp effi suit and ichved DE-CS rvil sntaadr on one of the idulsin.
EAKYWA
eeh ovnsremepm tsuled in the sxinnte of and ear neerca in esn to xitgis nnsea and the aee up of hu of the et of the ryreop to iepltu nsaen, igundcl 130,000 aque te to eersha in tino. aemiltty, aesehr in onti rcahuds the etin rroyep ritgut to eceo its U.S. de-rsauet.
View All
