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.
NUIOLT
osemttu ortdekn nsetixe itapl smeerovnpm to rig the rrepoy no the ilu-tean tkar for the tri ei. onverpsmem ee ertadg at rnagiecs the rittvtseenac of the yrreop to a goirw aml eatn atkr. nevmrpemos ducdnl a poleme vntniaoe of all igdlui ibosb and oorsste to “tunyo bl” nsdrtaa, lgaitlns an on-ie ei, esnti ernt, and feennreo rtne. usteomt itu out pc eiff tsiu and ecihvd ED-CS lirv atnrads on one of the ilndius.
AWYEKA
ehe nmesveomrp eulsdt in the tnxnesi of and era ernaec in nse to ixigts sanne and the eea up of uh of the et of the rrpeyo to uptlie nanes, lugidcn 130,000 equa et to aehrse in toni. teaimylt, reesah in niot rudhsac the etni ryorep tutigr to ocee its U.S. ed-sauter.
NUIOLT
osemttu ortdekn nsetixe itapl smeerovnpm to rig the rrepoy no the ilu-tean tkar for the tri ei. onverpsmem ee ertadg at rnagiecs the rittvtseenac of the yrreop to a goirw aml eatn atkr. nevmrpemos ducdnl a poleme vntniaoe of all igdlui ibosb and oorsste to “tunyo bl” nsdrtaa, lgaitlns an on-ie ei, esnti ernt, and feennreo rtne. usteomt itu out pc eiff tsiu and ecihvd ED-CS lirv atnrads on one of the ilndius.
AWYEKA
ehe nmesveomrp eulsdt in the tnxnesi of and era ernaec in nse to ixigts sanne and the eea up of uh of the et of the rrpeyo to uptlie nanes, lugidcn 130,000 equa et to aehrse in toni. teaimylt, reesah in niot rudhsac the etni ryorep tutigr to ocee its U.S. ed-sauter.
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