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.
ULOINT
mstetou ertkdno exnitse ptial emervmpnso to rgi the oreyrp no the lui-tnea krat for the tri ei. nmoeerpsvm ee adgetr at sgencair the nrestvtiaect of the yerorp to a igwro alm etan akrt. opemnvsmer luddcn a epmoel nevotani of all idlugi bobis and sosteor to “toynu lb” aandtrs, nltgiasl an on-ei ei, intes entr, and onenerfe rten. moustet itu out pc feif stiu and hecidv ED-CS lvri rnsaadt on one of the uliinsd.
WYKAEA
ehe vormnmsepe udelts in the teinxsn of and ear cnaeer in ens to gsxtii nsnea and the eae up of hu of the et of the yrerop to tipleu senna, gdluicn 130,000 eqau te to aehers in tino. tmaeiylt, hesaer in tino cshduar the ietn yorepr urttgi to eoec its U.S. de-reutas.
ULOINT
mstetou ertkdno exnitse ptial emervmpnso to rgi the oreyrp no the lui-tnea krat for the tri ei. nmoeerpsvm ee adgetr at sgencair the nrestvtiaect of the yerorp to a igwro alm etan akrt. opemnvsmer luddcn a epmoel nevotani of all idlugi bobis and sosteor to “toynu lb” aandtrs, nltgiasl an on-ei ei, intes entr, and onenerfe rten. moustet itu out pc feif stiu and hecidv ED-CS lvri rnsaadt on one of the uliinsd.
WYKAEA
ehe vormnmsepe udelts in the teinxsn of and ear cnaeer in ens to gsxtii nsnea and the eae up of hu of the et of the yrerop to tipleu senna, gdluicn 130,000 eqau te to aehers in tino. tmaeiylt, hesaer in tino cshduar the ietn yorepr urttgi to eoec its U.S. de-reutas.
View All
