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.
TNUOLI
omsettu ktnoerd eixenst iptla omeprsenmv to gir the epryor no the iul-ntae atrk for the rit ie. mmosvepner ee atredg at anreicgs the csentevittar of the orrype to a igrwo mal enat artk. eonmepsrmv cdndlu a peeoml oinnetav of all glduii bobis and sotoesr to “otuyn bl” nadrsta, tillgsna an on-ei ei, ensti enrt, and nneerofe enrt. meutsto itu out pc iffe tisu and hcdvie ED-CS lirv dnsarat on one of the isdluni.
AWKAYE
ehe rvmmpesneo tdlesu in the nnxiset of and rea recean in nse to giitsx snean and the aee up of hu of the te of the eorryp to upelit annse, ucndilg 130,000 quae et to aseerh in toni. mlaiytte, raehse in itno chdsrua the tein pyeror gtuitr to eeco its U.S. ed-rsutea.
TNUOLI
omsettu ktnoerd eixenst iptla omeprsenmv to gir the epryor no the iul-ntae atrk for the rit ie. mmosvepner ee atredg at anreicgs the csentevittar of the orrype to a igrwo mal enat artk. eonmepsrmv cdndlu a peeoml oinnetav of all glduii bobis and sotoesr to “otuyn bl” nadrsta, tillgsna an on-ei ei, ensti enrt, and nneerofe enrt. meutsto itu out pc iffe tisu and hcdvie ED-CS lirv dnsarat on one of the isdluni.
AWKAYE
ehe rvmmpesneo tdlesu in the nnxiset of and rea recean in nse to giitsx snean and the aee up of hu of the te of the eorryp to upelit annse, ucndilg 130,000 quae et to aseerh in toni. mlaiytte, raehse in itno chdsrua the tein pyeror gtuitr to eeco its U.S. ed-rsutea.
View All
