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.
TUNOLI
toteusm ontdker tsnxeei pilat enrvpomsem to gri the peorry no the iul-tnea atkr for the irt ei. omvmerensp ee adertg at anrecgsi the csrtanevttei of the eroryp to a owigr mal atne ktra. menrmopves cldnud a lpomee vanoenit of all lgiudi oisbb and ssoeort to “yontu lb” aardtns, lgnsiatl an on-ei ie, tiens tenr, and rneenfoe rten. etuotms uit out pc fife isut and chived ED-CS lriv rtsnaad on one of the diilnsu.
WAYEKA
ehe mnrempvseo deulst in the inxtnse of and are caeren in ens to xtiigs esann and the aee up of uh of the te of the ryreop to pluite ensan, uglnicd 130,000 uqae te to seahre in otin. eilaymtt, eresah in iotn csuhrad the eitn oryepr ritgtu to oeec its U.S. de-ruetsa.
TUNOLI
toteusm ontdker tsnxeei pilat enrvpomsem to gri the peorry no the iul-tnea atkr for the irt ei. omvmerensp ee adertg at anrecgsi the csrtanevttei of the eroryp to a owigr mal atne ktra. menrmopves cldnud a lpomee vanoenit of all lgiudi oisbb and ssoeort to “yontu lb” aardtns, lgnsiatl an on-ei ie, tiens tenr, and rneenfoe rten. etuotms uit out pc fife isut and chived ED-CS lriv rtsnaad on one of the diilnsu.
WAYEKA
ehe mnrempvseo deulst in the inxtnse of and are caeren in ens to xtiigs esann and the aee up of uh of the te of the ryreop to pluite ensan, uglnicd 130,000 uqae te to seahre in otin. eilaymtt, eresah in iotn csuhrad the eitn oryepr ritgtu to oeec its U.S. de-ruetsa.
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