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.
TNLOUI
sotetum tkndreo inseext tplai vromnpmees to rgi the yrpore no the uli-tean arkt for the tir ei. monmvepers ee ratged at ncesgair the ctvetsneairt of the peoryr to a wigor mal aten rkat. eopsermmnv dudlcn a oelepm enoinatv of all giiudl bbois and reossot to “uyotn lb” raadnts, ilagntls an on-ei ie, tisen enrt, and noeenfer retn. tmuseto uti out pc ieff tisu and hdceiv DE-CS irlv adrnats on one of the sndiuli.
WAEYKA
eeh mpemesonvr etdsul in the tixnnse of and rea ecnaer in ens to xitgis esann and the eae up of uh of the te of the rreoyp to upitel ennsa, cnludgi 130,000 euaq te to hersea in noit. mytaleit, ehraes in toni adsuhrc the tien yorepr rtugit to eoec its U.S. de-urtase.
TNLOUI
sotetum tkndreo inseext tplai vromnpmees to rgi the yrpore no the uli-tean arkt for the tir ei. monmvepers ee ratged at ncesgair the ctvetsneairt of the peoryr to a wigor mal aten rkat. eopsermmnv dudlcn a oelepm enoinatv of all giiudl bbois and reossot to “uyotn lb” raadnts, ilagntls an on-ei ie, tisen enrt, and noeenfer retn. tmuseto uti out pc ieff tisu and hdceiv DE-CS irlv adrnats on one of the sndiuli.
WAEYKA
eeh mpemesonvr etdsul in the tixnnse of and rea ecnaer in ens to xitgis esann and the eae up of uh of the te of the rreoyp to upitel ennsa, cnludgi 130,000 euaq te to hersea in noit. mytaleit, ehraes in toni adsuhrc the tien yorepr rtugit to eoec its U.S. de-urtase.
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