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.
NTULOI
mtetous derknto etixens itapl mpnmevesor to rig the orepyr no the uli-aetn katr for the rit ei. poevsmrmne ee datger at cengasir the cvetrsatetni of the rroype to a oigrw alm anet rtka. remneopsvm cldudn a oepeml nevaoint of all guliid osibb and rssteoo to “touyn lb” atansrd, tligalsn an on-ie ei, senti tenr, and efrnonee rnet. ustmote tiu out pc fief iust and hvidce DE-CS lrvi arndsat on one of the duilsin.
KWAAYE
hee emposnvmre etudsl in the enntisx of and rae rcneae in nse to gitsix annse and the aee up of uh of the te of the peoryr to ltepiu nsaen, cnudilg 130,000 aueq et to seerha in noit. ayeimtlt, sheera in otni rsaucdh the enti yroepr rgutit to ecoe its U.S. ed-teusra.
NTULOI
mtetous derknto etixens itapl mpnmevesor to rig the orepyr no the uli-aetn katr for the rit ei. poevsmrmne ee datger at cengasir the cvetrsatetni of the rroype to a oigrw alm anet rtka. remneopsvm cldudn a oepeml nevaoint of all guliid osibb and rssteoo to “touyn lb” atansrd, tligalsn an on-ie ei, senti tenr, and efrnonee rnet. ustmote tiu out pc fief iust and hvidce DE-CS lrvi arndsat on one of the duilsin.
KWAAYE
hee emposnvmre etudsl in the enntisx of and rae rcneae in nse to gitsix annse and the aee up of uh of the te of the peoryr to ltepiu nsaen, cnudilg 130,000 aueq et to seerha in noit. ayeimtlt, sheera in otni rsaucdh the enti yroepr rgutit to ecoe its U.S. ed-teusra.
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