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.
NLUTOI
uemotts tndreok eeixtsn taipl renommspve to irg the roepry on the liu-eant katr for the irt ei. evmneproms ee egdatr at ingrcaes the iecrtvesatnt of the oerrpy to a wrgio lam tean takr. resmmvneop udlcdn a moeple ienaovtn of all giiuld bisob and sesoort to “utony bl” aanrtsd, alslngit an on-ie ei, esitn nert, and fonenree nert. otetsum uti out pc fief itus and idhvce ED-CS lriv dtsaanr on one of the dnuliis.
AAKWEY
eeh snvrmompee elsdut in the nitnxse of and ear ranece in nes to ixsgit ansne and the eae up of uh of the et of the oyrper to epulit enasn, cgildun 130,000 quae te to haeesr in iont. amltetyi, reeahs in inot dcusrha the nite yepror ttruig to ceoe its U.S. de-tarseu.
NLUTOI
uemotts tndreok eeixtsn taipl renommspve to irg the roepry on the liu-eant katr for the irt ei. evmneproms ee egdatr at ingrcaes the iecrtvesatnt of the oerrpy to a wrgio lam tean takr. resmmvneop udlcdn a moeple ienaovtn of all giiuld bisob and sesoort to “utony bl” aanrtsd, alslngit an on-ie ei, esitn nert, and fonenree nert. otetsum uti out pc fief itus and idhvce ED-CS lriv dtsaanr on one of the dnuliis.
AAKWEY
eeh snvrmompee elsdut in the nitnxse of and ear ranece in nes to ixsgit ansne and the eae up of uh of the et of the oyrper to epulit enasn, cgildun 130,000 quae te to haeesr in iont. amltetyi, reeahs in inot dcusrha the nite yepror ttruig to ceoe its U.S. de-tarseu.
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