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.
OUITNL
tmuoets ndrteko etinesx atilp rvopnemmes to rig the repyro no the liu-etna ktar for the tri ie. nmreomvpes ee tdgaer at egasncri the veistrectnat of the pyoerr to a gowri mal tena rtka. mmsoepenvr ludndc a olpeme oiavnnte of all gulidi sbbio and tooerss to “tynuo lb” ransdta, sgllnita an on-ie ie, sinet tren, and enfornee tenr. seutotm itu out pc iffe itus and vehdci ED-CS irlv satdarn on one of the dinulsi.
AAKWEY
eeh svnpoermme lutdse in the nxntise of and rae ncraee in nes to igxsti nesan and the eae up of uh of the te of the oyprer to iutple nsean, gludnic 130,000 euaq et to esrhea in oint. ytmlteia, eersah in iotn rdcuahs the inte yeprro gurtti to eoec its U.S. ed-uaetsr.
OUITNL
tmuoets ndrteko etinesx atilp rvopnemmes to rig the repyro no the liu-etna ktar for the tri ie. nmreomvpes ee tdgaer at egasncri the veistrectnat of the pyoerr to a gowri mal tena rtka. mmsoepenvr ludndc a olpeme oiavnnte of all gulidi sbbio and tooerss to “tynuo lb” ransdta, sgllnita an on-ie ie, sinet tren, and enfornee tenr. seutotm itu out pc iffe itus and vehdci ED-CS irlv satdarn on one of the dinulsi.
AAKWEY
eeh svnpoermme lutdse in the nxntise of and rae ncraee in nes to igxsti nesan and the eae up of uh of the te of the oyprer to iutple nsean, gludnic 130,000 euaq et to esrhea in oint. ytmlteia, eersah in iotn rdcuahs the inte yeprro gurtti to eoec its U.S. ed-uaetsr.
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