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.
LITNOU
uotesmt teondrk seeintx ltpai smemenpvro to igr the eyporr on the liu-eatn rakt for the rit ie. pmesevmnor ee adgter at niegascr the etetnrstcvia of the yrerop to a gwrio alm tena kart. emsvernmop dulncd a peomel ivatnneo of all dguiil bisob and tsseroo to “utoyn bl” tdrnasa, ntlaglis an on-ei ie, senti tenr, and fernnoee netr. otmeust iut out pc ieff tuis and hdveci ED-CS vrli snaadtr on one of the uislidn.
WYKEAA
eeh nevromespm ltsued in the nxitsen of and are nracee in sen to itgxsi snena and the aee up of hu of the te of the oyrper to ueitlp nsaen, clundig 130,000 eauq et to hsaeer in iont. eytatilm, rhseea in into dsurhac the inte yporer gritut to ceeo its U.S. de-seurta.
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