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.
ILTNUO
uttsmoe eknotrd exnsite tiapl rvepemsmon to rgi the poyrer on the uil-eant ktar for the tir ie. oerpensmvm ee tegadr at iargensc the tvtircsetean of the prryeo to a orgwi mla eant aktr. nmeosmrpve cdulnd a emelop vteionan of all dgilui bibos and ertosso to “tuony bl” ndraast, iatlnsgl an on-ie ei, tisne nert, and enfoneer ntre. osutemt uit out pc effi tusi and hvdiec DE-CS rliv sndtaar on one of the dsluini.
EYWAKA
hee pmeonrvems lsuetd in the ntsinex of and aer enrcea in nes to iitxgs asnne and the aee up of uh of the et of the eryopr to upitle asnne, ungicdl 130,000 equa te to rseaeh in otni. ltymeita, aerhes in tion dashruc the enti proyer guirtt to eeco its U.S. ed-taesru.
ILTNUO
uttsmoe eknotrd exnsite tiapl rvepemsmon to rgi the poyrer on the uil-eant ktar for the tir ie. oerpensmvm ee tegadr at iargensc the tvtircsetean of the prryeo to a orgwi mla eant aktr. nmeosmrpve cdulnd a emelop vteionan of all dgilui bibos and ertosso to “tuony bl” ndraast, iatlnsgl an on-ie ei, tisne nert, and enfoneer ntre. osutemt uit out pc effi tusi and hvdiec DE-CS rliv sndtaar on one of the dsluini.
EYWAKA
hee pmeonrvems lsuetd in the ntsinex of and aer enrcea in nes to iitxgs asnne and the aee up of uh of the et of the eryopr to upitle asnne, ungicdl 130,000 equa te to rseaeh in otni. ltymeita, aerhes in tion dashruc the enti proyer guirtt to eeco its U.S. ed-taesru.
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