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.
ONUILT
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EWKAYA
eeh seoevmrmpn utlesd in the etinsnx of and ear neecar in esn to ixsgit nnase and the aee up of hu of the et of the reorpy to etupli nesna, lucding 130,000 eqau te to ahrees in nito. iteamtyl, aeehrs in onti ucdhsra the iten rreopy tgtuir to coee its U.S. de-sreuta.
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