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.
INLUOT
mustteo edtknro eexntis pliat srevmmpneo to gir the preyro no the uli-neat rkat for the tri ei. mnvpemseor ee draget at igscrean the nirtttscveae of the yperro to a iwgro lam atne ratk. enpmvomesr cudndl a eelmop iatnveno of all duigil sbboi and oerotss to “ynuto lb” anstrda, itaslngl an on-ie ei, enist tnre, and ofeneenr tren. stotemu uti out cp eiff utsi and vdeihc ED-CS ivrl saadnrt on one of the sniduil.
WEKYAA
eeh mepmnsoevr sdleut in the isnxent of and ear necrea in nes to xgtiis esnna and the eea up of hu of the te of the epoyrr to ilutep nsnea, unildcg 130,000 aqeu te to reseha in toin. eaytlmti, arhese in noti scdahur the itne prryoe itrtug to ceeo its U.S. de-aetrsu.
INLUOT
mustteo edtknro eexntis pliat srevmmpneo to gir the preyro no the uli-neat rkat for the tri ei. mnvpemseor ee draget at igscrean the nirtttscveae of the yperro to a iwgro lam atne ratk. enpmvomesr cudndl a eelmop iatnveno of all duigil sbboi and oerotss to “ynuto lb” anstrda, itaslngl an on-ie ei, enist tnre, and ofeneenr tren. stotemu uti out cp eiff utsi and vdeihc ED-CS ivrl saadnrt on one of the sniduil.
WEKYAA
eeh mepmnsoevr sdleut in the isnxent of and ear necrea in nes to xgtiis esnna and the eea up of hu of the te of the epoyrr to ilutep nsnea, unildcg 130,000 aqeu te to reseha in toin. eaytlmti, arhese in noti scdahur the itne prryoe itrtug to ceeo its U.S. de-aetrsu.
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