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.
UILONT
suetmot detoknr txseine iaplt mpesmonvre to gri the rrepoy no the ilu-aent rkta for the tri ei. rspvonmeem ee dgater at csiagenr the tevtnareitsc of the oryrep to a oirwg aml ante katr. vsepeommrn dndclu a eelomp naoetvin of all dliuig isbbo and soteors to “utyon bl” dtsarna, tlnsilga an on-ei ei, tinse nrte, and fenereno ernt. smotetu tui out cp ieff suit and edhvic DE-CS lvir andatsr on one of the sidluni.
AKYWEA
hee erenvommps tsleud in the etnisxn of and rea eanecr in nes to xsitgi asnne and the eea up of uh of the et of the peorry to ieltup naesn, ndgiclu 130,000 euaq te to srheae in noit. aymteitl, hsreae in into rucsdah the enit preyro tutirg to eoec its U.S. de-raeust.
UILONT
suetmot detoknr txseine iaplt mpesmonvre to gri the rrepoy no the ilu-aent rkta for the tri ei. rspvonmeem ee dgater at csiagenr the tevtnareitsc of the oryrep to a oirwg aml ante katr. vsepeommrn dndclu a eelomp naoetvin of all dliuig isbbo and soteors to “utyon bl” dtsarna, tlnsilga an on-ei ei, tinse nrte, and fenereno ernt. smotetu tui out cp ieff suit and edhvic DE-CS lvir andatsr on one of the sidluni.
AKYWEA
hee erenvommps tsleud in the etnisxn of and rea eanecr in nes to xsitgi asnne and the eea up of uh of the et of the peorry to ieltup naesn, ndgiclu 130,000 euaq te to srheae in noit. aymteitl, hsreae in into rucsdah the enit preyro tutirg to eoec its U.S. de-raeust.
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