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.
LNIOUT
ttmosue nrkodte xnteies pltia rvoeesmmpn to igr the repyro no the ilu-taen rkat for the tri ei. rpvsneemmo ee gertad at srgeainc the vieeatrtstcn of the oprrey to a griwo mla enat tark. pmnmesevro cndudl a emeolp avnnoiet of all giuild isobb and oortsse to “notyu lb” tdnraas, tiasglnl an on-ie ei, setni tner, and eoernnfe nret. tumeost tui out pc ffei suti and hdecvi ED-CS lvri nadsart on one of the nidslui.
YKAAWE
hee mrepmnsevo dseltu in the xinnste of and ear caneer in nse to iitsgx nesan and the eea up of hu of the et of the yerpro to tpluei nasne, icldnug 130,000 aque te to rhease in noit. iemtytal, eharse in tion hsardcu the eint yrpoer uttirg to coee its U.S. ed-usatre.
View All
