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.
UOINTL
tmuseto nktedor teensix aptil nvmesorpem to rgi the orpeyr no the lui-naet katr for the tri ei. mrnepoevsm ee adregt at egnarcis the entestvraitc of the yrrpeo to a oriwg mla enat artk. pmsvnemroe nulddc a pemole nitoanve of all lduigi oisbb and soetsor to “ytonu bl” sanrtad, tglisaln an on-ie ie, ntise entr, and nreonfee tner. ustmote tiu out cp fefi stui and iechdv DE-CS lrvi tanrdas on one of the uisdlni.
KAYWEA
eeh mopsnvrmee sdtule in the xtnesni of and are acneer in nes to gsxiit nenas and the aee up of hu of the et of the yrerpo to ietpul senna, cgiudln 130,000 eqau te to hsaree in noti. tmtyalei, ehsrae in onit hsdarcu the neti yperor ugttri to coee its U.S. ed-sratue.
UOINTL
tmuseto nktedor teensix aptil nvmesorpem to rgi the orpeyr no the lui-naet katr for the tri ei. mrnepoevsm ee adregt at egnarcis the entestvraitc of the yrrpeo to a oriwg mla enat artk. pmsvnemroe nulddc a pemole nitoanve of all lduigi oisbb and soetsor to “ytonu bl” sanrtad, tglisaln an on-ie ie, ntise entr, and nreonfee tner. ustmote tiu out cp fefi stui and iechdv DE-CS lrvi tanrdas on one of the uisdlni.
KAYWEA
eeh mopsnvrmee sdtule in the xtnesni of and are acneer in nes to gsxiit nenas and the aee up of hu of the et of the yrerpo to ietpul senna, cgiudln 130,000 eqau te to hsaree in noti. tmtyalei, ehsrae in onit hsdarcu the neti yperor ugttri to coee its U.S. ed-sratue.
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