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.
TONILU
toesutm rknetdo nseetxi altpi pemnermosv to rig the yoprre no the ilu-etna ktar for the tri ei. nemrsvmeop ee getdra at sareicgn the ievnstarttce of the orpery to a wrgoi lam taen aktr. vopreensmm uddlcn a pmleeo ivoetnan of all igudli boibs and ortseso to “touyn bl” sdnaart, isgallnt an on-ie ie, tensi tren, and enfeonre tenr. metosut uit out cp ffie utis and icvhde ED-CS vlir antasdr on one of the ndilisu.
YKWAAE
hee ovmsermnep dstuel in the ntxsein of and ear enreca in nse to xiitsg snean and the aee up of uh of the et of the eorryp to teilpu asnen, cndugli 130,000 aqeu te to eeshar in oint. metyltai, arshee in tnoi arhcdus the etni preroy urtitg to ceeo its U.S. de-rtseua.
TONILU
toesutm rknetdo nseetxi altpi pemnermosv to rig the yoprre no the ilu-etna ktar for the tri ei. nemrsvmeop ee getdra at sareicgn the ievnstarttce of the orpery to a wrgoi lam taen aktr. vopreensmm uddlcn a pmleeo ivoetnan of all igudli boibs and ortseso to “touyn bl” sdnaart, isgallnt an on-ie ie, tensi tren, and enfeonre tenr. metosut uit out cp ffie utis and icvhde ED-CS vlir antasdr on one of the ndilisu.
YKWAAE
hee ovmsermnep dstuel in the ntxsein of and ear enreca in nse to xiitsg snean and the aee up of uh of the et of the eorryp to teilpu asnen, cndugli 130,000 aqeu te to eeshar in oint. metyltai, arshee in tnoi arhcdus the etni preroy urtitg to ceeo its U.S. de-rtseua.
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