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.
TULNOI
metusot drotekn xtneies taipl soemnrpvem to rgi the ryroep on the uil-ntae atrk for the irt ei. somvneemrp ee regtad at snercgai the ctastivnrtee of the oerpyr to a orgwi mla anet ktra. mvprosneme nldudc a olempe eantvoin of all iliudg sbibo and oossetr to “yntuo lb” atradns, gnilslta an on-ei ei, tsnei enrt, and eeenrfon enrt. moetuts iut out cp effi utis and decvhi DE-CS rivl dnraast on one of the dnlsiiu.
AWYKEA
eeh eoemsrmnpv dulets in the steinnx of and are nceaer in sne to sigtxi ennas and the eea up of hu of the te of the rypreo to ltiuep nnsae, gndiulc 130,000 quea te to ahsree in tnio. tmetylai, ashree in ntoi urchsda the ient roerpy utrgti to ceoe its U.S. ed-erstua.
TULNOI
metusot drotekn xtneies taipl soemnrpvem to rgi the ryroep on the uil-ntae atrk for the irt ei. somvneemrp ee regtad at snercgai the ctastivnrtee of the oerpyr to a orgwi mla anet ktra. mvprosneme nldudc a olempe eantvoin of all iliudg sbibo and oossetr to “yntuo lb” atradns, gnilslta an on-ei ei, tsnei enrt, and eeenrfon enrt. moetuts iut out cp effi utis and decvhi DE-CS rivl dnraast on one of the dnlsiiu.
AWYKEA
eeh eoemsrmnpv dulets in the steinnx of and are nceaer in sne to sigtxi ennas and the eea up of hu of the te of the rypreo to ltiuep nnsae, gndiulc 130,000 quea te to ahsree in tnio. tmetylai, ashree in ntoi urchsda the ient roerpy utrgti to ceoe its U.S. ed-erstua.
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