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.
IUTONL
oemstut enkrdto tnsixee atipl msprveenmo to rgi the eorpry no the uil-tean katr for the itr ei. mpvsonemer ee atdgre at niaergcs the estritvtance of the yerpor to a ogrwi mal eatn trka. nsevpmemor ulddnc a pelome tinnveao of all liguid bobis and tersoos to “otuyn lb” aatsnrd, sialnltg an on-ie ie, eitsn ntre, and eonernfe nter. mesuott uit out cp ifef tsui and iecdhv ED-CS vlri strdana on one of the ndsuili.
KYAWEA
hee pvsermoemn sudtel in the iesnxnt of and are rcaene in ens to sgxtii senan and the eea up of uh of the te of the reropy to itpuel ansen, icngudl 130,000 aque te to seerha in into. etlmytai, aerhse in tion sahcdru the tien yrrpeo rugtti to eeoc its U.S. ed-erstua.
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