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.
LOITNU
stteoum kendtor exestni ilapt pnorevsemm to irg the rryoep on the iul-aent tkra for the rit ie. pmonvrmese ee datger at icnasgre the vecirsatettn of the oryrpe to a wriog mla aten trak. pmseervomn clnddu a eelpom avnoitne of all dgiliu ibosb and oteossr to “uotyn bl” natrsda, lainlgts an on-ie ei, enits retn, and efnoneer rnet. mttoues itu out pc efif uits and evcidh DE-CS virl aantsdr on one of the iilusdn.
WKAEAY
ehe svmponreme etdslu in the senxnti of and rae rcaene in sne to sgxtii esnna and the eae up of uh of the te of the eorypr to ltuipe snane, ndgcilu 130,000 uqea et to reshea in tnoi. yleattim, hesaer in otni ausrdhc the nite roepry urtgti to oece its U.S. de-eatsru.
LOITNU
stteoum kendtor exestni ilapt pnorevsemm to irg the rryoep on the iul-aent tkra for the rit ie. pmonvrmese ee datger at icnasgre the vecirsatettn of the oryrpe to a wriog mla aten trak. pmseervomn clnddu a eelpom avnoitne of all dgiliu ibosb and oteossr to “uotyn bl” natrsda, lainlgts an on-ie ei, enits retn, and efnoneer rnet. mttoues itu out pc efif uits and evcidh DE-CS virl aantsdr on one of the iilusdn.
WKAEAY
ehe svmponreme etdslu in the senxnti of and rae rcaene in sne to sgxtii esnna and the eae up of uh of the te of the eorypr to ltuipe snane, ndgcilu 130,000 uqea et to reshea in tnoi. yleattim, hesaer in otni ausrdhc the nite roepry urtgti to oece its U.S. de-eatsru.
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