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.
IULONT
oemstut okdrten xntesei ipalt svomeemnrp to irg the oyerrp on the uli-atne artk for the itr ei. osmrvmpeen ee daertg at csrnieag the vtcteetanisr of the ryoepr to a oigwr alm eant takr. rovmpeenms ndldcu a opelme tinaeonv of all lidgui iosbb and rtseoos to “yuotn lb” dtsrnaa, liatnslg an on-ei ie, tinse ertn, and erenefno etrn. setotmu tui out pc ffei stui and dhecvi ED-CS livr dstanar on one of the iunidls.
YAEKWA
hee emrevmpnso suetld in the enstnxi of and aer eeanrc in esn to isitgx esnna and the aee up of uh of the et of the rryope to peiutl ensan, ludncgi 130,000 uaeq et to eersha in iont. tltymiea, raehes in toin ushcdra the neti roeryp tiutrg to ceeo its U.S. ed-uraset.
IULONT
oemstut okdrten xntesei ipalt svomeemnrp to irg the oyerrp on the uli-atne artk for the itr ei. osmrvmpeen ee daertg at csrnieag the vtcteetanisr of the ryoepr to a oigwr alm eant takr. rovmpeenms ndldcu a opelme tinaeonv of all lidgui iosbb and rtseoos to “yuotn lb” dtsrnaa, liatnslg an on-ei ie, tinse ertn, and erenefno etrn. setotmu tui out pc ffei stui and dhecvi ED-CS livr dstanar on one of the iunidls.
YAEKWA
hee emrevmpnso suetld in the enstnxi of and aer eeanrc in esn to isitgx esnna and the aee up of uh of the et of the rryope to peiutl ensan, ludncgi 130,000 uaeq et to eersha in iont. tltymiea, raehes in toin ushcdra the neti roeryp tiutrg to ceeo its U.S. ed-uraset.
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