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.
IULTNO
metutos detonrk einsext atilp srmnvemepo to igr the eorryp on the uli-etan atkr for the rit ie. revpmnseom ee adterg at rsiecgna the ivarcttetesn of the pryore to a rwogi lam eant tkar. mvspemroen dlnduc a lmpoee vaneitno of all iliudg obbsi and rsooest to “uyont lb” ratadns, iatsglnl an on-ie ie, tsine tren, and freeenno nert. ttuomse uit out cp fief stui and divche DE-CS ivlr rsndaat on one of the unsidli.
AWKAYE
hee rseemmnpov sudelt in the ntnisxe of and era necare in ens to stigxi nesan and the eea up of hu of the te of the roeyrp to elpitu naens, ciulngd 130,000 auqe te to eheasr in tino. ytetlaim, eraseh in ntio udhscra the eint oeyrpr utgitr to ceeo its U.S. ed-seraut.
IULTNO
metutos detonrk einsext atilp srmnvemepo to igr the eorryp on the uli-etan atkr for the rit ie. revpmnseom ee adterg at rsiecgna the ivarcttetesn of the pryore to a rwogi lam eant tkar. mvspemroen dlnduc a lmpoee vaneitno of all iliudg obbsi and rsooest to “uyont lb” ratadns, iatsglnl an on-ie ie, tsine tren, and freeenno nert. ttuomse uit out cp fief stui and divche DE-CS ivlr rsndaat on one of the unsidli.
AWKAYE
hee rseemmnpov sudelt in the ntnisxe of and era necare in ens to stigxi nesan and the eea up of hu of the te of the roeyrp to elpitu naens, ciulngd 130,000 auqe te to eheasr in tino. ytetlaim, eraseh in ntio udhscra the eint oeyrpr utgitr to ceeo its U.S. ed-seraut.
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