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.
LOTNUI
tetomus odntrek txenesi iptla pemnvesomr to igr the poyerr on the liu-ntea aktr for the tir ei. versemnomp ee retgda at asicgenr the rvctseentiat of the opyrre to a worgi lma tnae tkra. pevmrsmone dcnlud a lpmeeo tinenova of all diulgi sbobi and tosoers to “tynuo lb” tardasn, tllgains an on-ie ei, tnsei tner, and fnoreene rnet. umetsot uit out cp fefi utsi and chdeiv DE-CS livr nadsart on one of the lidnuis.
YAAWKE
hee meosnvempr dtsleu in the tnesinx of and are ncerea in sne to xtigis snaen and the eae up of uh of the et of the ryopre to leupit nesan, nlgciud 130,000 aequ et to eearsh in tnoi. tmlieayt, ehasre in tnoi ucsdrah the tien orepry gtutir to eeoc its U.S. de-etrusa.
LOTNUI
tetomus odntrek txenesi iptla pemnvesomr to igr the poyerr on the liu-ntea aktr for the tir ei. versemnomp ee retgda at asicgenr the rvctseentiat of the opyrre to a worgi lma tnae tkra. pevmrsmone dcnlud a lpmeeo tinenova of all diulgi sbobi and tosoers to “tynuo lb” tardasn, tllgains an on-ie ei, tnsei tner, and fnoreene rnet. umetsot uit out cp fefi utsi and chdeiv DE-CS livr nadsart on one of the lidnuis.
YAAWKE
hee meosnvempr dtsleu in the tnesinx of and are ncerea in sne to xtigis snaen and the eae up of uh of the et of the ryopre to leupit nesan, nlgciud 130,000 aequ et to eearsh in tnoi. tmlieayt, ehasre in tnoi ucsdrah the tien orepry gtutir to eeoc its U.S. de-etrusa.
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