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.
TOLUNI
outsmte rtkoedn etixsen tlpia neomvepmrs to rgi the erypro no the uil-tean rkat for the rti ie. memsveprno ee dteagr at iescnarg the ensaticertvt of the eyporr to a wgori lam anet ratk. mrevnmseop nclddu a pmeleo ievtnona of all diilug osbib and eosrost to “ntuyo lb” rdastan, tnalgils an on-ei ei, niest tnre, and noeenerf ernt. tmeotus tui out cp fief tsiu and idchev ED-CS lvri tnarads on one of the iidusln.
AEKAYW
ehe nvsemempro dseltu in the snentxi of and ear nraeec in nse to igxits naesn and the eae up of uh of the te of the reoryp to ieutpl nsnae, dncuigl 130,000 qaeu et to heaers in into. ltematyi, eehasr in tino rhdsuac the iten reroyp ttgrui to ceoe its U.S. de-etarsu.
TOLUNI
outsmte rtkoedn etixsen tlpia neomvepmrs to rgi the erypro no the uil-tean rkat for the rti ie. memsveprno ee dteagr at iescnarg the ensaticertvt of the eyporr to a wgori lam anet ratk. mrevnmseop nclddu a pmeleo ievtnona of all diilug osbib and eosrost to “ntuyo lb” rdastan, tnalgils an on-ei ei, niest tnre, and noeenerf ernt. tmeotus tui out cp fief tsiu and idchev ED-CS lvri tnarads on one of the iidusln.
AEKAYW
ehe nvsemempro dseltu in the snentxi of and ear nraeec in nse to igxits naesn and the eae up of uh of the te of the reoryp to ieutpl nsnae, dncuigl 130,000 qaeu et to heaers in into. ltematyi, eehasr in tino rhdsuac the iten reroyp ttgrui to ceoe its U.S. de-etarsu.
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