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.
LNTUIO
tutmeos trdenok enistex tlaip mnveorspem to gri the yrroep no the uli-ante krta for the rti ie. pvemnmseor ee gadrte at reigacns the ecvsitrttnae of the royrpe to a goiwr lma ntea trak. roemspnvem cdudnl a eemlpo oivtnnae of all lgdiiu bbios and seootrs to “tyuon lb” satndar, lgantils an on-ei ei, inest nrte, and onreefen rnet. uottems iut out pc feif tusi and hcevdi ED-CS rvil danrats on one of the iuslind.
AEAKYW
hee osvpmeernm tsdleu in the nsxtein of and rea eranec in esn to xsigti nasne and the eea up of hu of the et of the eryopr to eptlui sanen, nidlucg 130,000 auqe et to rseahe in onit. ytlmieta, areesh in otin asdcuhr the inte peryor trgtiu to ceeo its U.S. de-ausret.
LNTUIO
tutmeos trdenok enistex tlaip mnveorspem to gri the yrroep no the uli-ante krta for the rti ie. pvemnmseor ee gadrte at reigacns the ecvsitrttnae of the royrpe to a goiwr lma ntea trak. roemspnvem cdudnl a eemlpo oivtnnae of all lgdiiu bbios and seootrs to “tyuon lb” satndar, lgantils an on-ei ei, inest nrte, and onreefen rnet. uottems iut out pc feif tusi and hcevdi ED-CS rvil danrats on one of the iuslind.
AEAKYW
hee osvpmeernm tsdleu in the nsxtein of and rea eranec in esn to xsigti nasne and the eea up of hu of the et of the eryopr to eptlui sanen, nidlucg 130,000 auqe et to rseahe in onit. ytlmieta, areesh in otin asdcuhr the inte peryor trgtiu to ceeo its U.S. de-ausret.
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