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.
TIUNLO
tumtseo dekrotn xseeitn altpi resnmmveop to gri the rreoyp on the uil-taen katr for the rit ei. evmsromnpe ee aerdtg at naierscg the ctvtsarneiet of the rorpey to a wogir alm neta krta. eepommsnvr udnldc a oepmel anoeintv of all ldgiui siobb and tsoerso to “ynotu bl” dsrtaan, iantsllg an on-ei ie, sitne ertn, and rfeenneo ertn. smettou tiu out cp feif itus and hvcdie ED-CS vlri anstrad on one of the isdilnu.
EWYAAK
ehe emnerosvpm tulesd in the istxnne of and ear eranec in nes to xgitis anens and the aee up of uh of the te of the yeporr to iteplu sanen, gicdnlu 130,000 uaqe te to asreeh in noti. ytleitam, rehase in tino suhrcda the etni oryepr tiugtr to ceoe its U.S. de-utasre.
TIUNLO
tumtseo dekrotn xseeitn altpi resnmmveop to gri the rreoyp on the uil-taen katr for the rit ei. evmsromnpe ee aerdtg at naierscg the ctvtsarneiet of the rorpey to a wogir alm neta krta. eepommsnvr udnldc a oepmel anoeintv of all ldgiui siobb and tsoerso to “ynotu bl” dsrtaan, iantsllg an on-ei ie, sitne ertn, and rfeenneo ertn. smettou tiu out cp feif itus and hvcdie ED-CS vlri anstrad on one of the isdilnu.
EWYAAK
ehe emnerosvpm tulesd in the istxnne of and ear eranec in nes to xgitis anens and the aee up of uh of the te of the yeporr to iteplu sanen, gicdnlu 130,000 uaqe te to asreeh in noti. ytleitam, rehase in tino suhrcda the etni oryepr tiugtr to ceoe its U.S. de-utasre.
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