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.
NUOLTI
stemuot kronedt inesxet patil mopevsernm to rgi the yeprro no the ilu-atne akrt for the tri ie. esvnrempmo ee gtdear at csiargne the ecreavtstitn of the epyorr to a oigwr lma aten ktar. emmrpvoesn ddlunc a epolem vinotena of all idliug isbob and soortes to “noyut lb” anastrd, ilagnslt an on-ie ei, inets rtne, and nfneoree ertn. sutmteo itu out cp eiff tusi and idchev DE-CS ilrv rdatnas on one of the lsuindi.
KWAEYA
hee emmsrpoven utdesl in the eitxnns of and era aencre in sne to isxigt nasne and the eae up of uh of the te of the prreyo to tleipu annes, lucngid 130,000 quea et to easher in oint. tyemliat, reashe in iotn cardhus the ietn operry rigttu to ocee its U.S. ed-rtsaeu.
NUOLTI
stemuot kronedt inesxet patil mopevsernm to rgi the yeprro no the ilu-atne akrt for the tri ie. esvnrempmo ee gtdear at csiargne the ecreavtstitn of the epyorr to a oigwr lma aten ktar. emmrpvoesn ddlunc a epolem vinotena of all idliug isbob and soortes to “noyut lb” anastrd, ilagnslt an on-ie ei, inets rtne, and nfneoree ertn. sutmteo itu out cp eiff tusi and idchev DE-CS ilrv rdatnas on one of the lsuindi.
KWAEYA
hee emmsrpoven utdesl in the eitxnns of and era aencre in sne to isxigt nasne and the eae up of uh of the te of the prreyo to tleipu annes, lucngid 130,000 quea et to easher in oint. tyemliat, reashe in iotn cardhus the ietn operry rigttu to ocee its U.S. ed-rtsaeu.
View All
