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.
TUONLI
eutosmt rktdneo xiseetn plita nsmveeporm to gri the yorper no the iul-aent trka for the itr ei. omrpnmvees ee edtrag at ecrgasni the trcaeitsvtne of the yrrpeo to a riwog alm nate rtak. enpmmsevro clddnu a mepole naioevtn of all gluidi bibso and sooerst to “nytou bl” arsantd, lngsital an on-ie ei, eistn rten, and reneenfo tenr. oestmut iut out cp efif suit and vdhcie ED-CS rvli aadsrnt on one of the slnduii.
AKEYAW
ehe mvnomspree tusedl in the nnsxeti of and are naerce in ens to ixgits snnae and the aee up of uh of the te of the rproye to ltiupe ansen, giludcn 130,000 euaq et to esreha in into. etamityl, arhsee in tion dachsru the tien rypreo gtruit to ceoe its U.S. de-sraetu.
TUONLI
eutosmt rktdneo xiseetn plita nsmveeporm to gri the yorper no the iul-aent trka for the itr ei. omrpnmvees ee edtrag at ecrgasni the trcaeitsvtne of the yrrpeo to a riwog alm nate rtak. enpmmsevro clddnu a mepole naioevtn of all gluidi bibso and sooerst to “nytou bl” arsantd, lngsital an on-ie ei, eistn rten, and reneenfo tenr. oestmut iut out cp efif suit and vdhcie ED-CS rvli aadsrnt on one of the slnduii.
AKEYAW
ehe mvnomspree tusedl in the nnsxeti of and are naerce in ens to ixgits snnae and the aee up of uh of the te of the rproye to ltiupe ansen, giludcn 130,000 euaq et to esreha in into. etamityl, arhsee in tion dachsru the tien rypreo gtruit to ceoe its U.S. de-sraetu.
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