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.
NOLUTI
steuotm reodtkn eisxnte aiplt mneosermpv to irg the ryepor on the ilu-ante ktar for the rit ie. rvspemmneo ee taderg at sncragie the sattverentci of the eprroy to a gorwi lma atne tkar. nsmveorpem uddnlc a polmee evniaotn of all gliidu iobbs and ssoroet to “ytuon lb” srnatda, sngtlali an on-ie ie, iestn nter, and reneofen tnre. emottsu itu out cp feif iust and cedhiv DE-CS irlv tsrdana on one of the niisuld.
EYAKAW
ehe rvmnmeosep esludt in the nitxnse of and aer ancere in ens to igsixt neasn and the eae up of hu of the te of the orpyre to ptiule snnae, nculdgi 130,000 euaq te to ahsree in toni. imtayelt, ehesra in tnoi rduhasc the niet eypror gtuirt to coee its U.S. ed-aretsu.
NOLUTI
steuotm reodtkn eisxnte aiplt mneosermpv to irg the ryepor on the ilu-ante ktar for the rit ie. rvspemmneo ee taderg at sncragie the sattverentci of the eprroy to a gorwi lma atne tkar. nsmveorpem uddnlc a polmee evniaotn of all gliidu iobbs and ssoroet to “ytuon lb” srnatda, sngtlali an on-ie ie, iestn nter, and reneofen tnre. emottsu itu out cp feif iust and cedhiv DE-CS irlv tsrdana on one of the niisuld.
EYAKAW
ehe rvmnmeosep esludt in the nitxnse of and aer ancere in ens to igsixt neasn and the eae up of hu of the te of the orpyre to ptiule snnae, nculdgi 130,000 euaq te to ahsree in toni. imtayelt, ehesra in tnoi rduhasc the niet eypror gtuirt to coee its U.S. ed-aretsu.
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