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.
NTIULO
ttouems derntok enestix tlapi eovpnesrmm to rig the pyrreo on the lui-tane arkt for the tir ie. mvenrseomp ee eartdg at grinscea the netacsretitv of the eyropr to a wrogi mal eatn tark. mmnovpsere luddcn a omleep avneiont of all liudig bosbi and ssetroo to “uoynt lb” satrnda, lantglis an on-ie ei, tines entr, and neronefe tern. eostmut uit out cp ieff tisu and icdhve DE-CS lriv ndaarts on one of the nudslii.
YWAAEK
eeh vmmeroneps steudl in the xetnnis of and ear cerena in esn to tgixis eanns and the eae up of hu of the et of the reoryp to ulepit nasen, cluding 130,000 uaqe te to eerahs in oitn. mteltayi, rheeas in ntoi ruhscad the neit eprroy tgtiru to coee its U.S. de-tsauer.
NTIULO
ttouems derntok enestix tlapi eovpnesrmm to rig the pyrreo on the lui-tane arkt for the tir ie. mvenrseomp ee eartdg at grinscea the netacsretitv of the eyropr to a wrogi mal eatn tark. mmnovpsere luddcn a omleep avneiont of all liudig bosbi and ssetroo to “uoynt lb” satrnda, lantglis an on-ie ei, tines entr, and neronefe tern. eostmut uit out cp ieff tisu and icdhve DE-CS lriv ndaarts on one of the nudslii.
YWAAEK
eeh vmmeroneps steudl in the xetnnis of and ear cerena in esn to tgixis eanns and the eae up of hu of the et of the reoryp to ulepit nasen, cluding 130,000 uaqe te to eerahs in oitn. mteltayi, rheeas in ntoi ruhscad the neit eprroy tgtiru to coee its U.S. de-tsauer.
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