Case Study 1

Download Case Study arrow_right_icon
  • 2011

    ACQUISITION YEAR

  • 1

    YEARS HELD

  • 246K

    TOTAL SQUARE FOOTAGE

  • 1

    NUMBER OF BUILDINGS

  • 100%

    OCCUPANCY AT SALE

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.

ONUITL

etsutmo ndoektr esinext lptia emrnsoempv to irg the rorepy no the ilu-tnae akrt for the tir ei. oenmervspm ee rdetga at erngiasc the ettncvearsti of the erypro to a orwig mal tnea krta. snvmprmeoe ddnucl a mpoeel avnieton of all ugdili osibb and sostoer to “nyuto bl” rtadasn, gilnastl an on-ei ie, ensti tner, and ferennoe enrt. umestot uit out pc ieff situ and ehcvid ED-CS lvri adtarsn on one of the uisinld.

AEWYKA

eeh vsmrpemeon edlstu in the ixstenn of and ear reeacn in nse to gxtisi neans and the aee up of hu of the te of the yroepr to iultep aenns, cdgilun 130,000 eauq te to erseah in tnoi. tmileyta, eshera in tino cashdur the teni proyre riugtt to ceoe its U.S. de-ruetas.

ONUITL

etsutmo ndoektr esinext lptia emrnsoempv to irg the rorepy no the ilu-tnae akrt for the tir ei. oenmervspm ee rdetga at erngiasc the ettncvearsti of the erypro to a orwig mal tnea krta. snvmprmeoe ddnucl a mpoeel avnieton of all ugdili osibb and sostoer to “nyuto bl” rtadasn, gilnastl an on-ei ie, ensti tner, and ferennoe enrt. umestot uit out pc ieff situ and ehcvid ED-CS lvri adtarsn on one of the uisinld.

AEWYKA

eeh vsmrpemeon edlstu in the ixstenn of and ear reeacn in nse to gxtisi neans and the aee up of hu of the te of the yroepr to iultep aenns, cdgilun 130,000 eauq te to erseah in tnoi. tmileyta, eshera in tino cashdur the teni proyre riugtt to ceoe its U.S. de-ruetas.

Want Full Access To The Case Study?

Get Exclusive Insights and Learn More about our Successful Strategies





Email
Phone



Call Us Today(972) 373-4548