Case Study 1

Download Case Study arrow_right_icon
  • 2011

    ACQUISITION YEAR

  • 1

    YEARS HELD

  • 246K

    TOTAL SQUARE FOOTAGE

  • 1

    NUMBER OF BUILDINGS

  • 100%

    OCCUPANCY AT SALE

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.

OULTNI

tumeost eronkdt exnsite paitl sovmpmrene to gir the eorypr no the ilu-enta ktar for the rti ie. mrpnevsmoe ee gedtra at ngrsicae the aecttitnevrs of the eryrop to a iogwr lma eant rakt. speovmrmen dnludc a elpome ainvoten of all iidlug sbobi and tsroseo to “uotny bl” ndastra, lligastn an on-ie ei, senit rten, and nreeenof rnet. uotmste tiu out pc eiff itsu and iedchv DE-CS vilr ratnsad on one of the suliind.

AEYAKW

ehe rseommnpve edluts in the nestxni of and aer ecaern in sne to xigsit ansen and the aee up of uh of the te of the rrpoye to tepuil nanes, inlgcud 130,000 eqau et to reehas in toin. layetimt, esreah in otin shracdu the tein yorrpe gitrtu to coee its U.S. ed-aurest.

OULTNI

tumeost eronkdt exnsite paitl sovmpmrene to gir the eorypr no the ilu-enta ktar for the rti ie. mrpnevsmoe ee gedtra at ngrsicae the aecttitnevrs of the eryrop to a iogwr lma eant rakt. speovmrmen dnludc a elpome ainvoten of all iidlug sbobi and tsroseo to “uotny bl” ndastra, lligastn an on-ie ei, senit rten, and nreeenof rnet. uotmste tiu out pc eiff itsu and iedchv DE-CS vilr ratnsad on one of the suliind.

AEYAKW

ehe rseommnpve edluts in the nestxni of and aer ecaern in sne to xigsit ansen and the aee up of uh of the te of the rrpoye to tepuil nanes, inlgcud 130,000 eqau et to reehas in toin. layetimt, esreah in otin shracdu the tein yorrpe gitrtu to coee its U.S. ed-aurest.

Want Full Access To The Case Study?

Get Exclusive Insights and Learn More about our Successful Strategies





Email
Phone



Call Us Today(972) 373-4548