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.
LOUTNI
otteums oektdnr txesien ptlai nmeemvoprs to rgi the orreyp on the uil-tnae tkar for the rti ie. nrmpmovese ee grated at nregcasi the ictenvtaster of the yrpero to a irwgo lam eant rtka. epvnrmsmoe ucldnd a omeple antenoiv of all udglii sbbio and eosrost to “youtn lb” radanst, itslalng an on-ei ei, seint trne, and nreoeefn rtne. msottue tiu out pc ifef tsui and chdvie DE-CS ivlr astdnar on one of the usniild.
KAYAWE
eeh memonrpesv sdtlue in the nsentix of and era ecaner in esn to tgixis ennsa and the eea up of hu of the te of the oyrrep to teilpu nesan, cildngu 130,000 uaeq et to aeshre in into. aitlteym, eehsra in ntio cadurhs the etni ryepro grtuit to eoec its U.S. de-aeutrs.
LOUTNI
otteums oektdnr txesien ptlai nmeemvoprs to rgi the orreyp on the uil-tnae tkar for the rti ie. nrmpmovese ee grated at nregcasi the ictenvtaster of the yrpero to a irwgo lam eant rtka. epvnrmsmoe ucldnd a omeple antenoiv of all udglii sbbio and eosrost to “youtn lb” radanst, itslalng an on-ei ei, seint trne, and nreoeefn rtne. msottue tiu out pc ifef tsui and chdvie DE-CS ivlr astdnar on one of the usniild.
KAYAWE
eeh memonrpesv sdtlue in the nsentix of and era ecaner in esn to tgixis ennsa and the eea up of hu of the te of the oyrrep to teilpu nesan, cildngu 130,000 uaeq et to aeshre in into. aitlteym, eehsra in ntio cadurhs the etni ryepro grtuit to eoec its U.S. de-aeutrs.
View All
