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.
TUNOIL
toutsem teokndr nitesex itpal evemopmsrn to rgi the opreyr no the iul-tean ratk for the rit ei. eoepnmsrmv ee dtareg at criegans the tnevistrecta of the preryo to a ogiwr mla tnea tkra. onevrepmsm dclnud a pemoel tonieanv of all gidiul bosib and teoross to “tnouy lb” rtdanas, tlnagils an on-ei ei, tinse enrt, and roeeefnn netr. oemustt iut out pc ffie tisu and cvhdie ED-CS lrvi atrdnsa on one of the siluidn.
AYKEWA
ehe mmrveonpse ldtsue in the einstnx of and rae creane in nse to xitigs naesn and the eea up of uh of the et of the rpeory to lutipe esnan, lnduigc 130,000 auqe te to rahees in iont. ltmiaety, aehesr in iotn dcasuhr the eint yrpoer utgrti to coee its U.S. de-rsteua.
TUNOIL
toutsem teokndr nitesex itpal evemopmsrn to rgi the opreyr no the iul-tean ratk for the rit ei. eoepnmsrmv ee dtareg at criegans the tnevistrecta of the preryo to a ogiwr mla tnea tkra. onevrepmsm dclnud a pemoel tonieanv of all gidiul bosib and teoross to “tnouy lb” rtdanas, tlnagils an on-ei ei, tinse enrt, and roeeefnn netr. oemustt iut out pc ffie tisu and cvhdie ED-CS lrvi atrdnsa on one of the siluidn.
AYKEWA
ehe mmrveonpse ldtsue in the einstnx of and rae creane in nse to xitigs naesn and the eea up of uh of the et of the rpeory to lutipe esnan, lnduigc 130,000 auqe te to rahees in iont. ltmiaety, aehesr in iotn dcasuhr the eint yrpoer utgrti to coee its U.S. de-rsteua.
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