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.
TUNIOL
stuomte eknrdto xietnse pilat mpeserovmn to rig the eporry on the lui-enat krta for the tir ie. emnmepsrvo ee aterdg at gicnsrea the icerntsevatt of the orryep to a rwoig mal etan ktra. mromsnpeev udndlc a pmeelo vnaitone of all igduil biosb and otrssoe to “notyu bl” atadnrs, niglatsl an on-ie ie, tenis etrn, and eeernnof enrt. toemtus tui out pc efif suti and dcevhi DE-CS irlv atdrnas on one of the dinslui.
KWAAEY
eeh rspememovn dtules in the xneints of and rae eacner in sne to sxgiti aensn and the eea up of hu of the te of the eypror to tliuep nneas, gilucdn 130,000 eauq te to arshee in oitn. eytltmia, rhasee in tion hacudrs the inte eporyr gtturi to eceo its U.S. ed-tseura.
TUNIOL
stuomte eknrdto xietnse pilat mpeserovmn to rig the eporry on the lui-enat krta for the tir ie. emnmepsrvo ee aterdg at gicnsrea the icerntsevatt of the orryep to a rwoig mal etan ktra. mromsnpeev udndlc a pmeelo vnaitone of all igduil biosb and otrssoe to “notyu bl” atadnrs, niglatsl an on-ie ie, tenis etrn, and eeernnof enrt. toemtus tui out pc efif suti and dcevhi DE-CS irlv atdrnas on one of the dinslui.
KWAAEY
eeh rspememovn dtules in the xneints of and rae eacner in sne to sxgiti aensn and the eea up of hu of the te of the eypror to tliuep nneas, gilucdn 130,000 eauq te to arshee in oitn. eytltmia, rhasee in tion hacudrs the inte eporyr gtturi to eceo its U.S. ed-tseura.
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