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.
OLUITN
tuosemt dnrokte tinseex piatl semopmernv to rig the oyerpr no the liu-ntae rkta for the irt ie. neopmsvmre ee raegdt at nagescir the ntitarceetvs of the ryoper to a grwio aml nate katr. smopmrenev dluncd a epmloe aevnonit of all idluig bsboi and tsreoos to “onuyt bl” tasrand, gtlilnsa an on-ei ei, eitns tern, and fereeonn rnte. otsuetm itu out pc iffe suit and dievhc ED-CS vlir dsraant on one of the iliunds.
YAEAKW
hee nmomrpvese dutsle in the tenxsin of and era eencra in nse to xtgisi snaen and the aee up of uh of the te of the ypeorr to eiptul nasen, ugdicln 130,000 quae et to eraseh in otin. emtialty, heaesr in toni shacurd the itne reyorp gitutr to ecoe its U.S. de-atersu.
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