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.
INOUTL
utesmto rkntedo xeestni iplta peonvrmesm to gri the peyrro on the uli-neta trak for the irt ie. rpmemoevsn ee adrtge at niecsrga the itetsvactren of the oyrrep to a giwor mla nate rakt. vomepsenmr ldncdu a elpmeo nitanevo of all digilu sbibo and eoostsr to “tnyou lb” atdrnas, alitnlgs an on-ei ei, inste ernt, and noeenefr trne. mtutseo tiu out pc ieff itus and hvcide ED-CS lrvi atnasrd on one of the liusdin.
WAAEYK
eeh mvsrpeonem elutsd in the tsxenin of and rae ancree in esn to tgixsi esann and the eae up of uh of the te of the orpeyr to itlpeu esnan, ucndlgi 130,000 aque te to sraehe in noit. aeitmtyl, asheer in inot auhsdcr the tine erypor rtiugt to eoec its U.S. de-utarse.
INOUTL
utesmto rkntedo xeestni iplta peonvrmesm to gri the peyrro on the uli-neta trak for the irt ie. rpmemoevsn ee adrtge at niecsrga the itetsvactren of the oyrrep to a giwor mla nate rakt. vomepsenmr ldncdu a elpmeo nitanevo of all digilu sbibo and eoostsr to “tnyou lb” atdrnas, alitnlgs an on-ei ei, inste ernt, and noeenefr trne. mtutseo tiu out pc ieff itus and hvcide ED-CS lrvi atnasrd on one of the liusdin.
WAAEYK
eeh mvsrpeonem elutsd in the tsxenin of and rae ancree in esn to tgixsi esann and the eae up of uh of the te of the orpeyr to itlpeu esnan, ucndlgi 130,000 aque te to sraehe in noit. aeitmtyl, asheer in inot auhsdcr the tine erypor rtiugt to eoec its U.S. de-utarse.
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