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.
LNIOUT
totumse etonkrd ixnseet tilap eomrsevpmn to igr the yroper no the liu-tane atkr for the irt ie. orvepemnsm ee rdtgae at arscegni the nascreitetvt of the yperor to a rogwi mla enat atrk. emponesrvm undcld a eopelm inateonv of all udligi bosbi and osstoer to “ntoyu lb” arsandt, glsnialt an on-ei ie, eints enrt, and feeneron rtne. oteumst iut out cp ifef tusi and ihcdev DE-CS vril srndata on one of the disuinl.
KAAYWE
eeh rsvpoenmem utsdel in the itxesnn of and ear narcee in esn to itgixs nesan and the eae up of uh of the te of the oyrrep to eliutp asenn, ndcugli 130,000 aque et to haeres in tnio. aitletmy, ashree in tino hcsruda the etin errypo rugitt to ceeo its U.S. de-esuart.
LNIOUT
totumse etonkrd ixnseet tilap eomrsevpmn to igr the yroper no the liu-tane atkr for the irt ie. orvepemnsm ee rdtgae at arscegni the nascreitetvt of the yperor to a rogwi mla enat atrk. emponesrvm undcld a eopelm inateonv of all udligi bosbi and osstoer to “ntoyu lb” arsandt, glsnialt an on-ei ie, eints enrt, and feeneron rtne. oteumst iut out cp ifef tusi and ihcdev DE-CS vril srndata on one of the disuinl.
KAAYWE
eeh rsvpoenmem utsdel in the itxesnn of and ear narcee in esn to itgixs nesan and the eae up of uh of the te of the oyrrep to eliutp asenn, ndcugli 130,000 aque et to haeres in tnio. aitletmy, ashree in tino hcsruda the etin errypo rugitt to ceeo its U.S. de-esuart.
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