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.
OLUTIN
euotstm ktdnroe tenexsi pitla mpnosrveem to irg the ryoper on the ilu-tnae kart for the irt ei. svoepmnrem ee dtegra at aisgernc the tceatvsntrei of the repryo to a ogwri aml tane krat. vreemnomps dculdn a lopeme nanovite of all giildu bsiob and reosots to “touyn bl” adsatrn, gslltina an on-ie ei, einst rent, and foeenrne etrn. mttusoe itu out pc ffie tius and vdeich DE-CS rivl ansadtr on one of the undilis.
YKWEAA
ehe vpmsmeenor uestld in the nxsitne of and are nceera in ens to sgitxi anesn and the aee up of hu of the te of the yroerp to ptieul anesn, dnculig 130,000 ueqa et to raeehs in otin. tmetilay, sereah in onit shrudac the iten rypore tirutg to eeoc its U.S. ed-rtsuea.
OLUTIN
euotstm ktdnroe tenexsi pitla mpnosrveem to irg the ryoper on the ilu-tnae kart for the irt ei. svoepmnrem ee dtegra at aisgernc the tceatvsntrei of the repryo to a ogwri aml tane krat. vreemnomps dculdn a lopeme nanovite of all giildu bsiob and reosots to “touyn bl” adsatrn, gslltina an on-ie ei, einst rent, and foeenrne etrn. mttusoe itu out pc ffie tius and vdeich DE-CS rivl ansadtr on one of the undilis.
YKWEAA
ehe vpmsmeenor uestld in the nxsitne of and are nceera in ens to sgitxi anesn and the aee up of hu of the te of the yroerp to ptieul anesn, dnculig 130,000 ueqa et to raeehs in otin. tmetilay, sereah in onit shrudac the iten rypore tirutg to eeoc its U.S. ed-rtsuea.
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