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.
NOLITU
tetsmuo eonktrd enseitx ptila emroepmvsn to rig the yrpero no the liu-etna rkat for the tri ei. mrpenvmoes ee retgda at cenirgas the avtecetnrsti of the rroyep to a oiwrg aml tane trka. eevmosmrnp ddnclu a emeopl aeovtinn of all ldiigu soibb and oestrso to “untoy lb” asnartd, tglsnail an on-ei ei, ensti tner, and eornefne tren. omutets tiu out cp ieff utis and deicvh DE-CS lriv ndstara on one of the ldisinu.
AWAYKE
eeh osemrpnmve sudlet in the einsnxt of and era eaenrc in nes to xsigit eanns and the eea up of uh of the et of the yropre to eultip anens, gcidlnu 130,000 aueq te to esarhe in tion. mtlteyai, shaeer in tion huasdrc the ietn eoryrp rtutig to coee its U.S. ed-rutsae.
NOLITU
tetsmuo eonktrd enseitx ptila emroepmvsn to rig the yrpero no the liu-etna rkat for the tri ei. mrpenvmoes ee retgda at cenirgas the avtecetnrsti of the rroyep to a oiwrg aml tane trka. eevmosmrnp ddnclu a emeopl aeovtinn of all ldiigu soibb and oestrso to “untoy lb” asnartd, tglsnail an on-ei ei, ensti tner, and eornefne tren. omutets tiu out cp ieff utis and deicvh DE-CS lriv ndstara on one of the ldisinu.
AWAYKE
eeh osemrpnmve sudlet in the einsnxt of and era eaenrc in nes to xsigit eanns and the eea up of uh of the et of the yropre to eultip anens, gcidlnu 130,000 aueq te to esarhe in tion. mtlteyai, shaeer in tion huasdrc the ietn eoryrp rtutig to coee its U.S. ed-rutsae.
View All
