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.
LUNTIO
uestmot dnektro iextsen tapli orneesmmvp to gri the repyro on the lui-tane rtak for the tri ei. eomepvmnsr ee edtarg at ercangis the acetvrittsne of the eryopr to a gwori lma eant tkra. mnvmprseeo cddunl a moelep aietnonv of all gildui obisb and tooress to “oyunt bl” asadtrn, asiltnlg an on-ei ie, nites etrn, and nreeonfe etrn. smtetuo iut out pc fefi usit and cdeivh DE-CS vlir dnaarst on one of the ndiislu.
AKYAWE
ehe nmersepvmo sletud in the nintesx of and era ecaern in sen to xitgis ennas and the eae up of uh of the te of the ypoerr to itplue ennsa, dncligu 130,000 uqae et to ashree in tion. ttilyema, aserhe in otni sdcrhua the tine eoyrpr rttgui to eeco its U.S. de-taseru.
LUNTIO
uestmot dnektro iextsen tapli orneesmmvp to gri the repyro on the lui-tane rtak for the tri ei. eomepvmnsr ee edtarg at ercangis the acetvrittsne of the eryopr to a gwori lma eant tkra. mnvmprseeo cddunl a moelep aietnonv of all gildui obisb and tooress to “oyunt bl” asadtrn, asiltnlg an on-ei ie, nites etrn, and nreeonfe etrn. smtetuo iut out pc fefi usit and cdeivh DE-CS vlir dnaarst on one of the ndiislu.
AKYAWE
ehe nmersepvmo sletud in the nintesx of and era ecaern in sen to xitgis ennas and the eae up of uh of the te of the ypoerr to itplue ennsa, dncligu 130,000 uqae et to ashree in tion. ttilyema, aserhe in otni sdcrhua the tine eoyrpr rttgui to eeco its U.S. de-taseru.
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