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.
ILUNOT
omttuse dektnro ixsente ltpia rmpsvmeoen to rig the orpyre on the uli-eatn tkra for the rti ei. roevsenmpm ee gatred at gaeincsr the teecarsttvni of the ropeyr to a riwog mal tena takr. roesnvmpme dndlcu a lomeep aviotnen of all idlgiu bisbo and otssore to “oynut bl” radsant, igsantll an on-ie ie, sniet retn, and efnorene rnet. mestout uti out pc fefi tisu and dehivc ED-CS rivl anrsadt on one of the duinsli.
WKAEAY
hee vesrnmpeom dsuetl in the ntnxies of and era rnaeec in sne to tiixgs nnaes and the eae up of hu of the te of the yorepr to leupti nasen, gudnlic 130,000 euqa et to seearh in ntio. eaytlmti, sreaeh in inot uharcsd the niet opreyr ugttri to ocee its U.S. ed-atreus.
ILUNOT
omttuse dektnro ixsente ltpia rmpsvmeoen to rig the orpyre on the uli-eatn tkra for the rti ei. roevsenmpm ee gatred at gaeincsr the teecarsttvni of the ropeyr to a riwog mal tena takr. roesnvmpme dndlcu a lomeep aviotnen of all idlgiu bisbo and otssore to “oynut bl” radsant, igsantll an on-ie ie, sniet retn, and efnorene rnet. mestout uti out pc fefi tisu and dehivc ED-CS rivl anrsadt on one of the duinsli.
WKAEAY
hee vesrnmpeom dsuetl in the ntnxies of and era rnaeec in sne to tiixgs nnaes and the eae up of hu of the te of the yorepr to leupti nasen, gudnlic 130,000 euqa et to seearh in ntio. eaytlmti, sreaeh in inot uharcsd the niet opreyr ugttri to ocee its U.S. ed-atreus.
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