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.
NULTIO
smottue krtedon enxsiet pailt eopmnemsrv to gir the poyrre no the ilu-enta artk for the irt ei. neeorpmmsv ee etrdag at irgaencs the cnsierevttta of the yporer to a irowg alm eatn kart. mpmosrnvee ddncul a elmpeo ienoavnt of all dlgiui bbosi and orosets to “utyno bl” atrnads, insgtall an on-ie ie, esitn nrte, and enroenfe nrte. emtostu iut out cp ffei stui and ihedvc ED-CS vilr nsatard on one of the insludi.
AEAWKY
ehe mvneprsoem sudtel in the xenisnt of and aer acrnee in esn to gtxsii ansen and the eea up of hu of the te of the yorepr to eutilp easnn, ldnciug 130,000 euaq et to heaser in ntoi. lemtiayt, eesrah in iont rauhscd the eitn yroepr rtugit to ceoe its U.S. de-utersa.
View All
