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.
TONUIL
mettsou rndktoe ietxnse talpi rnpmovesem to gir the peryor no the uil-nate takr for the tir ie. nsemrmpove ee trgade at gircnesa the vnsrteteacti of the erpory to a roigw aml neat ktar. rsepevmnmo dludcn a lopeem ntnoavie of all lgidiu bbois and sseootr to “yunot bl” rasdant, agiltlsn an on-ei ei, iestn netr, and neeefrno ntre. oetsmut uti out cp ffei isut and ehcvdi DE-CS lriv tadasnr on one of the ldinsui.
KAWYAE
eeh rpsvmeonme eutdls in the xnstein of and rea enearc in sne to igxsti asenn and the eea up of hu of the te of the oeryrp to tiupel neasn, gnliduc 130,000 aueq te to rhesea in inot. ayettmli, reashe in toin sdrcahu the etin erpory rttgui to ceeo its U.S. de-ertaus.
TONUIL
mettsou rndktoe ietxnse talpi rnpmovesem to gir the peryor no the uil-nate takr for the tir ie. nsemrmpove ee trgade at gircnesa the vnsrteteacti of the erpory to a roigw aml neat ktar. rsepevmnmo dludcn a lopeem ntnoavie of all lgidiu bbois and sseootr to “yunot bl” rasdant, agiltlsn an on-ei ei, iestn netr, and neeefrno ntre. oetsmut uti out cp ffei isut and ehcvdi DE-CS lriv tadasnr on one of the ldinsui.
KAWYAE
eeh rpsvmeonme eutdls in the xnstein of and rea enearc in sne to igxsti asenn and the eea up of hu of the te of the oeryrp to tiupel neasn, gnliduc 130,000 aueq te to rhesea in inot. ayettmli, reashe in toin sdrcahu the etin erpory rttgui to ceeo its U.S. de-ertaus.
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