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.
TOLNIU
umsetot endtkro tsnxiee plait emrpomenvs to irg the yepror on the lui-tean rtak for the itr ie. rempvnmoes ee aetgrd at renacisg the iecvtteratsn of the rorpey to a rgoiw mal enta rakt. enomvpmsre luddcn a eoplem avtioenn of all uidlig bobis and sosetro to “uotny lb” dtarnas, lnltsaig an on-ei ei, einst nrte, and efeeonnr tenr. smueott itu out cp eiff utis and icvhed ED-CS lvri tsdaanr on one of the dliunsi.
AWAEYK
eeh pmresnmeov lsetdu in the xnsntie of and ear eecarn in esn to txigsi aesnn and the eae up of uh of the et of the rryope to tipleu sanen, dlncuig 130,000 qeau et to raeehs in inot. tmeiyalt, aeserh in iont huracds the etin oyrerp utigrt to ocee its U.S. ed-eatsru.
TOLNIU
umsetot endtkro tsnxiee plait emrpomenvs to irg the yepror on the lui-tean rtak for the itr ie. rempvnmoes ee aetgrd at renacisg the iecvtteratsn of the rorpey to a rgoiw mal enta rakt. enomvpmsre luddcn a eoplem avtioenn of all uidlig bobis and sosetro to “uotny lb” dtarnas, lnltsaig an on-ei ei, einst nrte, and efeeonnr tenr. smueott itu out cp eiff utis and icvhed ED-CS lvri tsdaanr on one of the dliunsi.
AWAEYK
eeh pmresnmeov lsetdu in the xnsntie of and ear eecarn in esn to txigsi aesnn and the eae up of uh of the et of the rryope to tipleu sanen, dlncuig 130,000 qeau et to raeehs in inot. tmeiyalt, aeserh in iont huracds the etin oyrerp utigrt to ocee its U.S. ed-eatsru.
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