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.
NUTIOL
etmuost orntdke ienxste tpail eoepmsrnvm to rig the rropye on the uil-neta krat for the tri ie. rsmmovnepe ee atdgre at asincreg the ctsatitverne of the yorpre to a wgrio mla taen katr. emmovpnsre ddlnuc a pemloe annvtioe of all igluid bbsoi and roeotss to “ntuoy bl” rndaast, giltslna an on-ei ei, tnsei tenr, and freeoenn tenr. esttuom iut out cp feif istu and cvdihe ED-CS lvri ndasatr on one of the sdliuni.
AEWAKY
hee momperesnv dtlsue in the nnesxit of and rea cerane in nse to itixgs senna and the aee up of hu of the et of the rpyroe to tuilep asenn, clugdin 130,000 aqeu et to eharse in tion. yitmtael, ahrees in oint sdcarhu the etin eypror titgur to eeco its U.S. de-sutera.
NUTIOL
etmuost orntdke ienxste tpail eoepmsrnvm to rig the rropye on the uil-neta krat for the tri ie. rsmmovnepe ee atdgre at asincreg the ctsatitverne of the yorpre to a wgrio mla taen katr. emmovpnsre ddlnuc a pemloe annvtioe of all igluid bbsoi and roeotss to “ntuoy bl” rndaast, giltslna an on-ei ei, tnsei tenr, and freeoenn tenr. esttuom iut out cp feif istu and cvdihe ED-CS lvri ndasatr on one of the sdliuni.
AEWAKY
hee momperesnv dtlsue in the nnesxit of and rea cerane in nse to itixgs senna and the aee up of hu of the et of the rpyroe to tuilep asenn, clugdin 130,000 aqeu et to eharse in tion. yitmtael, ahrees in oint sdcarhu the etin eypror titgur to eeco its U.S. de-sutera.
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