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.
LOIUNT
tseomtu tdkeorn txnseie ptlia pmeemvorsn to gir the yoprer on the lui-etna kart for the rit ei. overmnemps ee agtedr at nscrigea the varientectts of the rpreyo to a wrgoi lam eatn ratk. rsvemnoemp dncldu a ploeem tvonenai of all dgiuli bibos and storose to “yonut bl” rtndasa, llgaitsn an on-ei ei, tesni ntre, and nerfenoe tenr. uotmste uti out cp fief tisu and ecihdv DE-CS lvri drsnata on one of the lunidsi.
AAYKWE
hee movesmprne etsdul in the nxsneit of and ear arcene in nse to tsiixg enasn and the eea up of uh of the te of the rpyero to ietplu ansen, uglcidn 130,000 uaeq te to hearse in tino. tmylitea, eehsra in tion aursdch the eint orypre giturt to ceeo its U.S. ed-rtusea.
LOIUNT
tseomtu tdkeorn txnseie ptlia pmeemvorsn to gir the yoprer on the lui-etna kart for the rit ei. overmnemps ee agtedr at nscrigea the varientectts of the rpreyo to a wrgoi lam eatn ratk. rsvemnoemp dncldu a ploeem tvonenai of all dgiuli bibos and storose to “yonut bl” rtndasa, llgaitsn an on-ei ei, tesni ntre, and nerfenoe tenr. uotmste uti out cp fief tisu and ecihdv DE-CS lvri drsnata on one of the lunidsi.
AAYKWE
hee movesmprne etsdul in the nxsneit of and ear arcene in nse to tsiixg enasn and the eea up of uh of the te of the rpyero to ietplu ansen, uglcidn 130,000 uaeq te to hearse in tino. tmylitea, eehsra in tion aursdch the eint orypre giturt to ceeo its U.S. ed-rtusea.
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