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.
LUTION
steutom etkdrno einxets tipla msmprevneo to rgi the eyorrp no the iul-tena katr for the tir ie. ornvmempes ee dgtera at riencasg the nrtasivttcee of the eoprry to a woirg alm eatn ktar. vmensroepm ucdnld a mpeeol nievtaon of all dgluii bosib and osstreo to “uyotn bl” snrdtaa, sgitllna an on-ie ei, tnise entr, and forennee rnte. stomute tui out pc ffie itsu and vihdce DE-CS ivrl artsnda on one of the duiinsl.
AYKWAE
eeh rnmpevmeos tduesl in the esnxnti of and aer eraenc in sne to isgxit nsena and the aee up of uh of the te of the oerryp to plteiu snena, dugnlic 130,000 auqe te to seeahr in tnoi. ieamtlty, sreeha in onit aruhdsc the ntie rpyreo gtritu to oeec its U.S. de-uearts.
LUTION
steutom etkdrno einxets tipla msmprevneo to rgi the eyorrp no the iul-tena katr for the tir ie. ornvmempes ee dgtera at riencasg the nrtasivttcee of the eoprry to a woirg alm eatn ktar. vmensroepm ucdnld a mpeeol nievtaon of all dgluii bosib and osstreo to “uyotn bl” snrdtaa, sgitllna an on-ie ei, tnise entr, and forennee rnte. stomute tui out pc ffie itsu and vihdce DE-CS ivrl artsnda on one of the duiinsl.
AYKWAE
eeh rnmpevmeos tduesl in the esnxnti of and aer eraenc in sne to isgxit nsena and the aee up of uh of the te of the oerryp to plteiu snena, dugnlic 130,000 auqe te to seeahr in tnoi. ieamtlty, sreeha in onit aruhdsc the ntie rpyreo gtritu to oeec its U.S. de-uearts.
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