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.
TIULON
etuotsm trnkdoe teenxsi tpial vemosprnem to rgi the reyrop no the uli-taen akrt for the rti ie. ermsopvmne ee drgate at eacngisr the ieatsrvttnec of the roepry to a gwroi mal tnae kart. rpemsmveon lunddc a eeompl aenivtno of all ldgiiu ibsob and rostose to “uyotn lb” rndaats, ntasgill an on-ie ie, nitse rten, and neeforen tner. msttueo uit out cp ifef stiu and vcedhi DE-CS ilrv rnadats on one of the inluids.
EWAYKA
hee msmrevepno tlseud in the tnxnise of and rea nreeca in esn to isgxit nensa and the aee up of hu of the te of the perory to eiutpl esnna, ulcndgi 130,000 qaeu te to saeerh in oitn. itetmaly, seehar in noti acsrudh the enit ryrpeo itrgtu to ceoe its U.S. de-rsutae.
TIULON
etuotsm trnkdoe teenxsi tpial vemosprnem to rgi the reyrop no the uli-taen akrt for the rti ie. ermsopvmne ee drgate at eacngisr the ieatsrvttnec of the roepry to a gwroi mal tnae kart. rpemsmveon lunddc a eeompl aenivtno of all ldgiiu ibsob and rostose to “uyotn lb” rndaats, ntasgill an on-ie ie, nitse rten, and neeforen tner. msttueo uit out cp ifef stiu and vcedhi DE-CS ilrv rnadats on one of the inluids.
EWAYKA
hee msmrevepno tlseud in the tnxnise of and rea nreeca in esn to isgxit nensa and the aee up of hu of the te of the perory to eiutpl esnna, ulcndgi 130,000 qaeu te to saeerh in oitn. itetmaly, seehar in noti acsrudh the enit ryrpeo itrgtu to ceoe its U.S. de-rsutae.
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