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.
ITLOUN
tmeuost krtdnoe xtseien tipla movrmeneps to igr the yoperr on the lui-eant trka for the irt ei. sevopmrnem ee tderga at iacgsnre the scttiraenvet of the eroyrp to a griwo alm nate rakt. mmpreseovn ddcnlu a empleo aeovnnit of all ldugii bbsoi and ortsose to “tunyo bl” atsradn, natlslig an on-ie ei, estin ertn, and enonrfee ernt. outesmt tiu out pc efif suit and divech ED-CS rilv rsdanta on one of the sndliiu.
AWKEYA
hee msmnpeoerv tdulse in the innesxt of and era nreeac in sne to stixig nnaes and the eea up of uh of the et of the yrpeor to teiupl aensn, cgdlinu 130,000 eauq et to eraesh in oitn. myttelia, eahers in onit arcdush the ietn erropy trigut to coee its U.S. de-rsueat.
ITLOUN
tmeuost krtdnoe xtseien tipla movrmeneps to igr the yoperr on the lui-eant trka for the irt ei. sevopmrnem ee tderga at iacgsnre the scttiraenvet of the eroyrp to a griwo alm nate rakt. mmpreseovn ddcnlu a empleo aeovnnit of all ldugii bbsoi and ortsose to “tunyo bl” atsradn, natlslig an on-ie ei, estin ertn, and enonrfee ernt. outesmt tiu out pc efif suit and divech ED-CS rilv rsdanta on one of the sndliiu.
AWKEYA
hee msmnpeoerv tdulse in the innesxt of and era nreeac in sne to stixig nnaes and the eea up of uh of the et of the yrpeor to teiupl aensn, cgdlinu 130,000 eauq et to eraesh in oitn. myttelia, eahers in onit arcdush the ietn erropy trigut to coee its U.S. de-rsueat.
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