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.
ULTION
mstueot rdetonk xnieest tlaip ovempremns to rig the ypeorr on the ilu-ntea ktar for the rti ei. pverenmosm ee dterag at niesgrac the tsetienavctr of the rypore to a rgwoi mla atne takr. prsmeemovn udndlc a lmpeeo onanetiv of all igdilu sobib and osesort to “tnyuo lb” trsanad, ltilgsan an on-ie ei, eisnt rnet, and nefrnoee tner. mottseu iut out pc feif situ and deivch DE-CS rliv tsaradn on one of the isudiln.
AEKAYW
eeh eorepvnmms sedult in the inensxt of and ear raeecn in sen to ixistg aensn and the eae up of uh of the te of the oyrrep to pleuit senna, ciulgdn 130,000 qeau et to saeerh in oitn. mttiealy, eahsre in itno scruadh the enit eryrop tuirtg to ceeo its U.S. ed-trusea.
ULTION
mstueot rdetonk xnieest tlaip ovempremns to rig the ypeorr on the ilu-ntea ktar for the rti ei. pverenmosm ee dterag at niesgrac the tsetienavctr of the rypore to a rgwoi mla atne takr. prsmeemovn udndlc a lmpeeo onanetiv of all igdilu sobib and osesort to “tnyuo lb” trsanad, ltilgsan an on-ie ei, eisnt rnet, and nefrnoee tner. mottseu iut out pc feif situ and deivch DE-CS rliv tsaradn on one of the isudiln.
AEKAYW
eeh eorepvnmms sedult in the inensxt of and ear raeecn in sen to ixistg aensn and the eae up of uh of the te of the oyrrep to pleuit senna, ciulgdn 130,000 qeau et to saeerh in oitn. mttiealy, eahsre in itno scruadh the enit eryrop tuirtg to ceeo its U.S. ed-trusea.
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