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.
LUTION
stmeotu ntdreok ieetnsx pital empenmvros to irg the oyeprr on the iul-enat rakt for the rit ie. epnorvsmem ee rgteda at agrcnies the sivttetcrnae of the poryer to a roigw lma eatn krat. mpemsvoren uclndd a loeemp ivtneano of all diilug obsib and sretoos to “ontyu bl” asnrdat, tllniasg an on-ie ie, enits tner, and fnenereo rnte. suoetmt uit out pc feif suit and vceihd DE-CS livr aandrst on one of the usdnlii.
KEAWAY
hee esronemvpm ldetus in the itnxens of and ear cnaree in sen to itxsgi aensn and the eae up of uh of the et of the epryor to luteip naens, ulgicdn 130,000 quea te to hreeas in noit. yaeiltmt, seehra in tino udrahcs the tine pryreo guttir to coee its U.S. ed-eaurst.
LUTION
stmeotu ntdreok ieetnsx pital empenmvros to irg the oyeprr on the iul-enat rakt for the rit ie. epnorvsmem ee rgteda at agrcnies the sivttetcrnae of the poryer to a roigw lma eatn krat. mpemsvoren uclndd a loeemp ivtneano of all diilug obsib and sretoos to “ontyu bl” asnrdat, tllniasg an on-ie ie, enits tner, and fnenereo rnte. suoetmt uit out pc feif suit and vceihd DE-CS livr aandrst on one of the usdnlii.
KEAWAY
hee esronemvpm ldetus in the itnxens of and ear cnaree in sen to itxsgi aensn and the eae up of uh of the et of the epryor to luteip naens, ulgicdn 130,000 quea te to hreeas in noit. yaeiltmt, seehra in tino udrahcs the tine pryreo guttir to coee its U.S. ed-eaurst.
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