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.
ONIULT
tomteus ekdrotn etsenxi altpi esnvpmmroe to igr the peyror no the ilu-tean kart for the tri ei. onmeerpvsm ee gtaerd at agnrisce the evsatenitctr of the ryrpeo to a wrgio aml etan tkra. prvnmemeos ldducn a eompel vneoiant of all ldgiui bbiso and etsoosr to “oyutn bl” trdaans, lglaitsn an on-ei ei, ntsie rnet, and onfneere trne. outstem tiu out pc ffei stui and ihdcve ED-CS irlv tdansra on one of the sdiunli.
EAYAKW
hee ermmvpsneo tlsedu in the entxisn of and ear neecra in ens to gxitsi nesan and the aee up of hu of the et of the rperoy to tpeuli nneas, cldunig 130,000 euaq et to seahre in otni. tliyatem, reshae in noit cdhrsua the ntie repyor trtgui to ceoe its U.S. ed-rsutea.
ONIULT
tomteus ekdrotn etsenxi altpi esnvpmmroe to igr the peyror no the ilu-tean kart for the tri ei. onmeerpvsm ee gtaerd at agnrisce the evsatenitctr of the ryrpeo to a wrgio aml etan tkra. prvnmemeos ldducn a eompel vneoiant of all ldgiui bbiso and etsoosr to “oyutn bl” trdaans, lglaitsn an on-ei ei, ntsie rnet, and onfneere trne. outstem tiu out pc ffei stui and ihdcve ED-CS irlv tdansra on one of the sdiunli.
EAYAKW
hee ermmvpsneo tlsedu in the entxisn of and ear neecra in ens to gxitsi nesan and the aee up of hu of the et of the rperoy to tpeuli nneas, cldunig 130,000 euaq et to seahre in otni. tliyatem, reshae in noit cdhrsua the ntie repyor trtgui to ceoe its U.S. ed-rsutea.
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