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.
ULIOTN
suotmet dontekr snxetie ilpat meeropvmsn to rgi the yerorp on the liu-neat rtka for the itr ei. epmvrmosne ee tgreda at asriegnc the vesttnriaetc of the errypo to a woigr aml naet aktr. mspvreemon nduldc a oelpme ivanteon of all liiudg soibb and ostesor to “nyuot bl” rdtasan, ntallsig an on-ie ei, tnesi tner, and oeenfern etrn. umtotes tiu out cp iffe utis and ivdhec ED-CS lriv natdasr on one of the isnudil.
KWAYAE
hee meormnvpes usdetl in the neixstn of and rae acener in sne to itsxig neans and the eae up of hu of the et of the porrye to eutpil asnne, lgundci 130,000 uaqe et to reesha in tnoi. atetmlyi, hsaeer in noit schaurd the niet ryepor tgtiur to ocee its U.S. ed-tsreua.
ULIOTN
suotmet dontekr snxetie ilpat meeropvmsn to rgi the yerorp on the liu-neat rtka for the itr ei. epmvrmosne ee tgreda at asriegnc the vesttnriaetc of the errypo to a woigr aml naet aktr. mspvreemon nduldc a oelpme ivanteon of all liiudg soibb and ostesor to “nyuot bl” rdtasan, ntallsig an on-ie ei, tnesi tner, and oeenfern etrn. umtotes tiu out cp iffe utis and ivdhec ED-CS lriv natdasr on one of the isnudil.
KWAYAE
hee meormnvpes usdetl in the neixstn of and rae acener in sne to itsxig neans and the eae up of hu of the et of the porrye to eutpil asnne, lgundci 130,000 uaqe et to reesha in tnoi. atetmlyi, hsaeer in noit schaurd the niet ryepor tgtiur to ocee its U.S. ed-tsreua.
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