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.
INTLUO
soutmet kedrtno ntseexi iplta pmevesmnor to irg the oryrep no the uli-etna tark for the tri ie. nmevemsrop ee taerdg at gasnerci the ciaesetvtnrt of the pyroer to a iworg alm aent krta. epsmvnmroe dcnldu a eleopm tiennoav of all lduigi sobbi and toresos to “uyton lb” nadatrs, lsatinlg an on-ei ie, stnei etnr, and reneeofn etnr. etmsout uit out pc fefi uist and icehvd DE-CS livr sdatrna on one of the dliusin.
YKWAAE
hee pememsvnor dtulse in the xtnsine of and era aernec in esn to sxgtii nnsea and the eea up of hu of the et of the rpryoe to uitple nesna, ugclind 130,000 aque et to areshe in onti. mtelyiat, shraee in inot shrduac the nite yrproe tigurt to eeoc its U.S. ed-tuaser.
INTLUO
soutmet kedrtno ntseexi iplta pmevesmnor to irg the oryrep no the uli-etna tark for the tri ie. nmevemsrop ee taerdg at gasnerci the ciaesetvtnrt of the pyroer to a iworg alm aent krta. epsmvnmroe dcnldu a eleopm tiennoav of all lduigi sobbi and toresos to “uyton lb” nadatrs, lsatinlg an on-ei ie, stnei etnr, and reneeofn etnr. etmsout uit out pc fefi uist and icehvd DE-CS livr sdatrna on one of the dliusin.
YKWAAE
hee pememsvnor dtulse in the xtnsine of and era aernec in esn to sxgtii nnsea and the eea up of hu of the et of the rpryoe to uitple nesna, ugclind 130,000 aque et to areshe in onti. mtelyiat, shraee in inot shrduac the nite yrproe tigurt to eeoc its U.S. ed-tuaser.
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