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.
OILTNU
motsute korendt nitseex aptil nomprsmeve to irg the royrpe no the iul-tean krta for the tir ei. eresonpvmm ee gedtar at iesnarcg the ntaceiretvts of the yrepro to a ogirw mal tena ratk. vomremnesp undlcd a empole noteivna of all dlgiiu oisbb and tsoores to “nuyto lb” dtransa, ialstngl an on-ei ei, snite tren, and rneoenef nrte. etusomt itu out pc feif uist and hvecdi DE-CS ivlr tnadasr on one of the usidnli.
AWKAYE
eeh psrevmnmeo elutds in the nitnesx of and rae cenrae in ens to itsxgi nsane and the eea up of hu of the te of the rropye to tlpiue ansne, ucgindl 130,000 aeuq et to ehsrea in onti. alttmiey, ahrees in ntio asurdch the etni oyerpr tugtir to oece its U.S. de-easutr.
OILTNU
motsute korendt nitseex aptil nomprsmeve to irg the royrpe no the iul-tean krta for the tir ei. eresonpvmm ee gedtar at iesnarcg the ntaceiretvts of the yrepro to a ogirw mal tena ratk. vomremnesp undlcd a empole noteivna of all dlgiiu oisbb and tsoores to “nuyto lb” dtransa, ialstngl an on-ei ei, snite tren, and rneoenef nrte. etusomt itu out pc feif uist and hvecdi DE-CS ivlr tnadasr on one of the usidnli.
AWKAYE
eeh psrevmnmeo elutds in the nitnesx of and rae cenrae in ens to itsxgi nsane and the eea up of hu of the te of the rropye to tlpiue ansne, ucgindl 130,000 aeuq et to ehsrea in onti. alttmiey, ahrees in ntio asurdch the etni oyerpr tugtir to oece its U.S. de-easutr.
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