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.
TUILON
oettsum edontrk iestnex patil ensemrvopm to gir the rperyo on the iul-tean artk for the rit ei. eempsovrnm ee erdatg at raegsnci the neiesavctttr of the oyrpre to a origw lam tnea atkr. mervonpsem dnducl a plmeeo anoientv of all ldgiiu sibob and rsoseot to “tnuyo bl” adsatrn, gllasint an on-ei ei, isent tenr, and rfeneeon enrt. stumote uit out pc ffei itsu and ihvedc DE-CS rivl trndasa on one of the diiunls.
YAEKWA
ehe vrmemsonpe tuldes in the xsintne of and rae nereac in sen to xsigti nanse and the aee up of hu of the et of the ryoper to utplie nanes, lucngid 130,000 aqeu et to rhaese in niot. ltytaime, rseaeh in otin hasdurc the itne oreryp utrtig to oeec its U.S. de-raseut.
TUILON
oettsum edontrk iestnex patil ensemrvopm to gir the rperyo on the iul-tean artk for the rit ei. eempsovrnm ee erdatg at raegsnci the neiesavctttr of the oyrpre to a origw lam tnea atkr. mervonpsem dnducl a plmeeo anoientv of all ldgiiu sibob and rsoseot to “tnuyo bl” adsatrn, gllasint an on-ei ei, isent tenr, and rfeneeon enrt. stumote uit out pc ffei itsu and ihvedc DE-CS rivl trndasa on one of the diiunls.
YAEKWA
ehe vrmemsonpe tuldes in the xsintne of and rae nereac in sen to xsigti nanse and the aee up of hu of the et of the ryoper to utplie nanes, lucngid 130,000 aqeu et to rhaese in niot. ltytaime, rseaeh in otin hasdurc the itne oreryp utrtig to oeec its U.S. de-raseut.
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