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.
TLNIOU
etmotus rdkento eietnsx itlpa mnserpovme to igr the oeryrp on the ilu-tean trka for the irt ie. soepmnrvem ee tregda at caerigns the taevisetnrtc of the pryero to a gorwi lma ntea atkr. prsemmvnoe ncduld a elompe ntavioen of all ugildi ibosb and osrteso to “ynuto bl” saradnt, itnlslag an on-ie ie, isnet netr, and nfeonree trne. mstoetu uit out cp ifef tuis and cidveh DE-CS lrvi srtanad on one of the idsuinl.
WYKAAE
ehe nrmomeevps usldte in the xesintn of and rea earnce in nes to gstixi nnsae and the eea up of hu of the te of the eoyrrp to pleiut annse, udclgni 130,000 quae te to reesha in ntio. tyliamte, rahese in ntio sruhadc the ient erpyor gtitru to ceoe its U.S. ed-aetusr.
TLNIOU
etmotus rdkento eietnsx itlpa mnserpovme to igr the oeryrp on the ilu-tean trka for the irt ie. soepmnrvem ee tregda at caerigns the taevisetnrtc of the pryero to a gorwi lma ntea atkr. prsemmvnoe ncduld a elompe ntavioen of all ugildi ibosb and osrteso to “ynuto bl” saradnt, itnlslag an on-ie ie, isnet netr, and nfeonree trne. mstoetu uit out cp ifef tuis and cidveh DE-CS lrvi srtanad on one of the idsuinl.
WYKAAE
ehe nrmomeevps usldte in the xesintn of and rea earnce in nes to gstixi nnsae and the eea up of hu of the te of the eoyrrp to pleiut annse, udclgni 130,000 quae te to reesha in ntio. tyliamte, rahese in ntio sruhadc the ient erpyor gtitru to ceoe its U.S. ed-aetusr.
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