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.
NUTLOI
smtoeut enrtkod niextse ipatl voemmepnrs to gri the roepry no the iul-ntae katr for the irt ie. pevnrmseom ee tgaedr at narigces the itncetestrav of the rrpeoy to a rgiwo alm naet tkar. mespvrneom dcldun a oemelp aeovtinn of all gidliu obbis and oseotsr to “oyunt lb” nrastad, tnaisllg an on-ie ie, sitne trne, and onereenf ntre. otmsetu uit out cp ieff istu and vcedhi ED-CS ilvr atrnsad on one of the ldsiuni.
YAWEKA
hee nomesrvmep tdsleu in the xnsitne of and ear rcneea in sne to xitsig sanne and the aee up of hu of the te of the oeyrrp to uleipt snnea, dcuingl 130,000 eaqu te to reeahs in ntio. aymttlei, reseah in onti hucards the teni oryerp utgrit to ceoe its U.S. de-reaust.
NUTLOI
smtoeut enrtkod niextse ipatl voemmepnrs to gri the roepry no the iul-ntae katr for the irt ie. pevnrmseom ee tgaedr at narigces the itncetestrav of the rrpeoy to a rgiwo alm naet tkar. mespvrneom dcldun a oemelp aeovtinn of all gidliu obbis and oseotsr to “oyunt lb” nrastad, tnaisllg an on-ie ie, sitne trne, and onereenf ntre. otmsetu uit out cp ieff istu and vcedhi ED-CS ilvr atrnsad on one of the ldsiuni.
YAWEKA
hee nomesrvmep tdsleu in the xnsitne of and ear rcneea in sne to xitsig sanne and the aee up of hu of the te of the oeyrrp to uleipt snnea, dcuingl 130,000 eaqu te to reeahs in ntio. aymttlei, reseah in onti hucards the teni oryerp utgrit to ceoe its U.S. de-reaust.
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