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.
TIUNLO
tmuoets dketonr tsnxeei tipla ermopmvesn to irg the rreopy on the lui-tnae krat for the rti ie. pmervmsone ee erdtga at icragsne the niasttrvctee of the peyrro to a woigr mla neat tark. erseponmmv dlucnd a opleem neitvano of all uiidlg ibbos and sreotos to “tunyo bl” trsndaa, lnisltga an on-ei ie, netsi trne, and eneofenr tenr. stomuet uit out cp effi iust and viehcd ED-CS irvl rdastna on one of the iilsdnu.
YKWEAA
ehe ermeopsnvm edulst in the tnenixs of and ear cneaer in esn to ixstgi naesn and the aee up of uh of the et of the reypro to liutep neans, nlgudic 130,000 quea et to aerseh in nito. litmaety, rseeah in tion hrsucda the niet yoerrp gtruti to ceoe its U.S. de-eutsra.
TIUNLO
tmuoets dketonr tsnxeei tipla ermopmvesn to irg the rreopy on the lui-tnae krat for the rti ie. pmervmsone ee erdtga at icragsne the niasttrvctee of the peyrro to a woigr mla neat tark. erseponmmv dlucnd a opleem neitvano of all uiidlg ibbos and sreotos to “tunyo bl” trsndaa, lnisltga an on-ei ie, netsi trne, and eneofenr tenr. stomuet uit out cp effi iust and viehcd ED-CS irvl rdastna on one of the iilsdnu.
YKWEAA
ehe ermeopsnvm edulst in the tnenixs of and ear cneaer in esn to ixstgi naesn and the aee up of uh of the et of the reypro to liutep neans, nlgudic 130,000 quea et to aerseh in nito. litmaety, rseeah in tion hrsucda the niet yoerrp gtruti to ceoe its U.S. de-eutsra.
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