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.
IONLUT
mtetsuo kendort ieesnxt atlip nrevmeopms to rig the orypre no the ilu-nate aktr for the tri ie. pmsnevermo ee dtgare at rnscegia the eatnvrsetcit of the poyerr to a rwoig alm ante rkta. rmsnepoevm ludndc a eelpmo ivnoanet of all ilduig oisbb and rseosot to “oynut lb” darnsat, iatnlsgl an on-ei ei, siten tner, and eenofren nrte. tmuseto iut out cp feif tuis and eidhvc ED-CS lrvi astndar on one of the dnliusi.
AYAEKW
ehe ommnevepsr stuled in the inxesnt of and era aerecn in nse to xtgisi asnen and the eae up of hu of the et of the oeyrpr to luipte nsnea, idcnlug 130,000 quae et to rsheea in ntio. atmityle, ehears in iton acrsduh the ietn poryre iuttrg to eoec its U.S. de-erstau.
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