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.
UOINLT
smoeutt edokntr esntixe aitpl svermpmeno to rig the poyrer on the iul-anet rtak for the tri ei. ermsnpemov ee dterag at ercsnagi the strainctetev of the eoyrrp to a gwiro lam taen arkt. nreesmovpm lcdund a opmeel aentnvoi of all idliug bbosi and rstoose to “utyon bl” artnsda, nitglasl an on-ei ie, sient etrn, and nfnreeoe nrte. tmtsoeu iut out pc ieff utsi and ievdhc ED-CS virl aarnsdt on one of the iniusdl.
AWKEYA
ehe mrnvpseoem esultd in the tnxnesi of and are enrcea in nse to gsiitx aesnn and the aee up of uh of the et of the ypoerr to ulptie nnesa, dligucn 130,000 uaqe te to eehsar in tnio. metayilt, hreeas in niot duharsc the iten yoprer gtitur to ceoe its U.S. de-uestar.
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