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.
NTOLUI
tsmteuo donkert inxstee altip epmvrnomse to gir the opyrre no the iul-naet rtak for the rti ei. eeovnmsprm ee etrdag at nrsgacei the incetetastrv of the pryero to a wirgo aml etan atkr. rseoevmpmn ddclun a lpoeem anoveitn of all uiligd osibb and estosor to “oytnu lb” nsatrad, lainlgst an on-ie ei, itnes tnre, and roeeenfn ntre. tsoeutm itu out pc fief tius and eidvch DE-CS ivrl asartdn on one of the dluniis.
KAWYEA
eeh snrmvopeem tuesld in the nsiexnt of and rae aneecr in nse to xigsit saenn and the eea up of hu of the et of the rpoery to tlpeui neans, udilngc 130,000 euqa te to srheae in otni. tlaimeyt, seerha in inot hrduacs the tein roeryp utgitr to eeoc its U.S. de-seatur.
NTOLUI
tsmteuo donkert inxstee altip epmvrnomse to gir the opyrre no the iul-naet rtak for the rti ei. eeovnmsprm ee etrdag at nrsgacei the incetetastrv of the pryero to a wirgo aml etan atkr. rseoevmpmn ddclun a lpoeem anoveitn of all uiligd osibb and estosor to “oytnu lb” nsatrad, lainlgst an on-ie ei, itnes tnre, and roeeenfn ntre. tsoeutm itu out pc fief tius and eidvch DE-CS ivrl asartdn on one of the dluniis.
KAWYEA
eeh snrmvopeem tuesld in the nsiexnt of and rae aneecr in nse to xigsit saenn and the eea up of hu of the et of the rpoery to tlpeui neans, udilngc 130,000 euqa te to srheae in otni. tlaimeyt, seerha in inot hrduacs the tein roeryp utgitr to eeoc its U.S. de-seatur.
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