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.
UOTLNI
tueotsm tkrnode xseeint lipat vpmmroeesn to irg the rorpey no the uli-neat atrk for the tri ei. mesronmepv ee rgdaet at icangser the esarttctveni of the rperoy to a rwgio mla ante krta. rnmspvemoe nlddcu a mpeoel etonainv of all idgiul bbsoi and ssteoor to “yutno lb” nstrada, lstlgnai an on-ie ei, nseit rtne, and nrnefoee etrn. uettosm tui out cp efif utsi and dhviec ED-CS lrvi arnatsd on one of the iudnsli.
KEYWAA
ehe srpmvmeone ludest in the xtsinen of and ear aeenrc in nse to tgixsi snnae and the eae up of hu of the te of the ryepor to liutep saenn, iclgudn 130,000 uqae et to eraseh in oitn. iamtyelt, hesare in ntoi hcrdsua the etin pyoerr rtugti to oeec its U.S. ed-uarste.
UOTLNI
tueotsm tkrnode xseeint lipat vpmmroeesn to irg the rorpey no the uli-neat atrk for the tri ei. mesronmepv ee rgdaet at icangser the esarttctveni of the rperoy to a rwgio mla ante krta. rnmspvemoe nlddcu a mpeoel etonainv of all idgiul bbsoi and ssteoor to “yutno lb” nstrada, lstlgnai an on-ie ei, nseit rtne, and nrnefoee etrn. uettosm tui out cp efif utsi and dhviec ED-CS lrvi arnatsd on one of the iudnsli.
KEYWAA
ehe srpmvmeone ludest in the xtsinen of and ear aeenrc in nse to tgixsi snnae and the eae up of hu of the te of the ryepor to liutep saenn, iclgudn 130,000 uqae et to eraseh in oitn. iamtyelt, hesare in ntoi hcrdsua the etin pyoerr rtugti to oeec its U.S. ed-uarste.
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