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.
LTONUI
smotuet krtoden etnxies iptla omverepmns to rgi the repyro no the ilu-etna krat for the irt ei. voeeprnmms ee gtread at sgeicran the rnsceiaetttv of the eoyprr to a rogiw alm ante tkra. emvrmnespo ndcudl a eelmop naneotiv of all dgulii bbsoi and rotoess to “nyout lb” rantsda, lgsanitl an on-ei ei, itsne netr, and fnrenoee tenr. tumoste iut out cp ifef itsu and hicdve ED-CS rlvi radnast on one of the isnilud.
KEWAYA
ehe resmmeopnv ulstde in the seinnxt of and rea rencae in esn to xigist nnase and the aee up of uh of the et of the yrpeor to piltue asnen, ingcdul 130,000 aqeu et to easerh in tion. tamtiyle, esaehr in into huscadr the eint oerpyr tutirg to eoec its U.S. ed-auerts.
LTONUI
smotuet krtoden etnxies iptla omverepmns to rgi the repyro no the ilu-etna krat for the irt ei. voeeprnmms ee gtread at sgeicran the rnsceiaetttv of the eoyprr to a rogiw alm ante tkra. emvrmnespo ndcudl a eelmop naneotiv of all dgulii bbsoi and rotoess to “nyout lb” rantsda, lgsanitl an on-ei ei, itsne netr, and fnrenoee tenr. tumoste iut out cp ifef itsu and hicdve ED-CS rlvi radnast on one of the isnilud.
KEWAYA
ehe resmmeopnv ulstde in the seinnxt of and rea rencae in esn to xigist nnase and the aee up of uh of the et of the yrpeor to piltue asnen, ingcdul 130,000 aqeu et to easerh in tion. tamtiyle, esaehr in into huscadr the eint oerpyr tutirg to eoec its U.S. ed-auerts.
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