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.
TILOUN
emtotus knerotd sxieten itpla mesnoepvmr to irg the yrpoer on the liu-naet tkar for the rti ei. svnmeromep ee aregtd at nrisacge the tenatirvtecs of the eoprry to a iwrog mla tena atkr. vmorneemsp lncdud a pmloee aoevitnn of all gldiiu obibs and tseosro to “uonty bl” sdanart, asglitnl an on-ei ei, tseni ertn, and eennofer nrte. tmsoetu iut out cp effi uits and ivchde ED-CS rvil strdana on one of the liisndu.
WEAYAK
eeh mmsreopenv elstud in the entxsin of and aer areenc in ens to sgxiit saenn and the aee up of uh of the te of the rproye to puitle nnsea, luicngd 130,000 eaqu et to aseher in otni. lyttamie, hsaeer in nito shurdac the niet rpyore rutgti to ocee its U.S. ed-tersau.
TILOUN
emtotus knerotd sxieten itpla mesnoepvmr to irg the yrpoer on the liu-naet tkar for the rti ei. svnmeromep ee aregtd at nrisacge the tenatirvtecs of the eoprry to a iwrog mla tena atkr. vmorneemsp lncdud a pmloee aoevitnn of all gldiiu obibs and tseosro to “uonty bl” sdanart, asglitnl an on-ei ei, tseni ertn, and eennofer nrte. tmsoetu iut out cp effi uits and ivchde ED-CS rvil strdana on one of the liisndu.
WEAYAK
eeh mmsreopenv elstud in the entxsin of and aer areenc in ens to sgxiit saenn and the aee up of uh of the te of the rproye to puitle nnsea, luicngd 130,000 eaqu et to aseher in otni. lyttamie, hsaeer in nito shurdac the niet rpyore rutgti to ocee its U.S. ed-tersau.
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