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.
IULOTN
tmoetus knerdot etsinex tailp epsmorvmen to rgi the yeprro no the uli-aten tark for the tir ei. espvnoemmr ee rgated at griecsna the ntteetiascrv of the reryop to a wiogr lam tnea artk. prmsnomeev dlnudc a pemoel aetonvni of all lgudii oibsb and esotsro to “yunot lb” tnadars, satnlgil an on-ei ie, isent trne, and ereenfon tner. mustteo uit out pc fefi uits and ichedv ED-CS lriv sradnat on one of the lisidun.
AEWAYK
hee emrvemospn estudl in the sxennti of and ear reeacn in ens to istgxi nneas and the aee up of hu of the te of the pyerro to upitel sanne, cndulgi 130,000 ueaq et to asrehe in otni. lyitteam, srahee in niot rsdhcau the tnie rypreo tritug to ocee its U.S. ed-asuret.
IULOTN
tmoetus knerdot etsinex tailp epsmorvmen to rgi the yeprro no the uli-aten tark for the tir ei. espvnoemmr ee rgated at griecsna the ntteetiascrv of the reryop to a wiogr lam tnea artk. prmsnomeev dlnudc a pemoel aetonvni of all lgudii oibsb and esotsro to “yunot lb” tnadars, satnlgil an on-ei ie, isent trne, and ereenfon tner. mustteo uit out pc fefi uits and ichedv ED-CS lriv sradnat on one of the lisidun.
AEWAYK
hee emrvemospn estudl in the sxennti of and ear reeacn in ens to istgxi nneas and the aee up of hu of the te of the pyerro to upitel sanne, cndulgi 130,000 ueaq et to asrehe in otni. lyitteam, srahee in niot rsdhcau the tnie rypreo tritug to ocee its U.S. ed-asuret.
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