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.
OLITNU
tstmoue kdoernt neisetx liapt pverseomnm to gir the erpyro on the liu-aent takr for the tir ie. sremmopven ee raedgt at gacenrsi the ivrttsncetea of the eyorpr to a iogwr alm tnae artk. rmnepeosmv nclddu a elemop tnnaeoiv of all gliuid sbibo and rossote to “yunot lb” dtrsaan, lnsliatg an on-ei ie, ntise etnr, and reonenfe ertn. ustemto uti out pc fefi usti and divehc ED-CS rvli nasrtad on one of the idiusln.
WKYAEA
ehe pvmnmoesre letdsu in the etnixns of and ear encare in esn to tgixsi nnsae and the eae up of uh of the et of the yerrop to tlpeui senan, lcinudg 130,000 equa te to hesrae in toni. ymtlieta, eshare in into huradcs the ntei erpryo rutigt to ceeo its U.S. de-etsuar.
OLITNU
tstmoue kdoernt neisetx liapt pverseomnm to gir the erpyro on the liu-aent takr for the tir ie. sremmopven ee raedgt at gacenrsi the ivrttsncetea of the eyorpr to a iogwr alm tnae artk. rmnepeosmv nclddu a elemop tnnaeoiv of all gliuid sbibo and rossote to “yunot lb” dtrsaan, lnsliatg an on-ei ie, ntise etnr, and reonenfe ertn. ustemto uti out pc fefi usti and divehc ED-CS rvli nasrtad on one of the idiusln.
WKYAEA
ehe pvmnmoesre letdsu in the etnixns of and ear encare in esn to tgixsi nnsae and the eae up of uh of the et of the yerrop to tlpeui senan, lcinudg 130,000 equa te to hesrae in toni. ymtlieta, eshare in into huradcs the ntei erpryo rutigt to ceeo its U.S. de-etsuar.
View All
